My Personal Finance Journey

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Monthly Review - April 2007 ($723,414, +$45,748)

Contributed by mm | May 1, 2007 7:31 PM PST

A booming stock market is behind the stellar performance of our household finance in the past month. With over $38,000 in portfolio gains in the month, and continued cash flow generation from my day job and sideline business, our net worth broke into the 700's. The monthly improvement of $45,748 is the second best in record, only behind October 2005 when we sold our house and booked the real estate appreciation.

MONTH-END BALANCE SHEET

networth-0704.jpg

HIGHLIGHTS OF THE MONTH

- With the growing asset base, the performance of our portfolio is becoming the No. 1 factor in our net worth growth. This month's gain of $18,000 is the best monthly recording ever thanks to 3-5% gain in major indices.

- After a strong quarter earning release, MSFT is rebounding from $26 in mid-March to $30, where it started the year of 2007 at. Year-to-date appreciate in outstanding options? Next to nil.

- Our side business delivered an above-average month. Our year-to-date booking has exceeded $35,000, or 50% of our annual revenue in 2006.

- We continued to tighten up our expense except for a small celebration of our wedding anniversary.

- Our tangible assets grew to over $800,000 after this fruitful month. We still have $47,000 in credit card balance (in 0% or ultra-low APR balance transfer deals) and $33,000 tax liability should we liquidate all winning positions in taxable accounts.

NEXT STEPS

- KPMG delayed the tax filing for 2006. It also informed me that I can make about $10,000 contribution to SE 401(k) account in tax year 2006 and it will reduce my immediate tax by about $3,300. I will be happy to make the contribution whenever KPMG is ready to file the tax.


The third family trip of the year is booked. Destination: Hawaii. (Gladly my employer picked up the bill for air fare and hotel as part of expatriate's benefit package.)

This Post Has Received 9 Comments. Share Your Opinions Too.


Ed Commented on May 2, 2007

Would you mind sharing how you calculate your tax liability?


Jay Commented on May 3, 2007

Shouldn't you also recognize a tax liability associated with your 401(k) and regular IRA? Since these will be taxable upon eventual distribution, accruing for taxes on your balance sheet would give you a more accurate (and conservative) estimate of your net worth.


william nixt Commented on May 5, 2007

Congratulations, great month. Stock investments are your road to riches. When your long term gains start adding to real money, you will see that the accrued taxes will add up, the investment income that these deffered taxes provide free make it difficult to divest and to even diversity. I think you have found your hobby. Bill


william nixt Commented on May 5, 2007

Congratulations, great month. Stock investments are your road to riches. When your long term gains start adding to real money, you will see that the accrued taxes will add up, the investment income that these deffered taxes provide free make it difficult to divest and to even diversity. I think you have found your hobby. Bill


limeade Commented on May 5, 2007

Have you ever thought of purchasing any income producing real estate? Just wondering what your thoughts were on this.

-limeade


MARY Commented on May 6, 2007

AWESOME MISSION,I'M IN HAWAII,LET ME KNOW IF I MAY HELP YOU W/ANYTHING FOR YOUR VACATION!=)


MARY Commented on May 6, 2007

I'M MARY WITH EXCEL-NOW.COM & YOUGOALS.COM,
AWESOME JOB ON YOUR MISSION,I'M IN HAWAII,LET ME KNOW IF I MAY HELP YOU W/ANYTHING FOR YOUR VACATION!=)


Curtis Commented on May 7, 2007

It's inspiring to hear that you've already planned your 3rd family trip for the year! Job well done on the current gains, well, gained, as well.


CFO Dad Commented on May 10, 2007

All I can say is WOW. I am truly impressed. I just found your blog through MyMoneyBlog (who says you inspired him to start his writings). I just cannot get past your rocket-ride to $800M! Not only that, but the precision in your thinking/analysis is truly impressive. Gongxi ni! I will definitely subscribe and enjoy reading past posts as well.


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