I feel like a broken record here. Yet another month with double digit (in $Ks) month-over-month growth. We still haven’t had a significant market pullback in a while. The market jumped another nice 2% month-over-month and is up 15.21% year to date. There are some significant headwinds we’ll see next month.
Assets +$11,792
- Mr MORE’s 401k: The market and our contributions kept our net worth afloat and charging ahead this month. Turns out I hit the 401k limit this month. This means in order to continue getting my employers match, I’ll have to continue my contributions into post-tax 401k savings.
- Mr MORE’s Roth: Tesla fell in October and as of earnings Nov 1, it tanked significantly due to lackluster model 3 production :(. This also affected my options brokerage account.
- Mrs MORE’s 401k: Market movement and contributions helped out this month too.
- Mrs MORE’s Rollover: Still chugging away in Vanguard’s VTSAX.
- Mrs MORE’s Roth: Slowly chugging. Mrs. MORE made a comment that her Roth performed better than mine this month.
- Joint Savings: We had a pretty good savings month, allocating more than our $1,500 monthly savings goal.
- Home Value: Home value fell, likely due to seasonal demand (i.e., people don’t buy as many houses in the winter)
- Brokerage (options): Another set of lessons learned: in order to try and climb back to my double digit returns after taking a beating in September, I shorted some Tesla puts in addition to my Apple puts. Both ended up moving against me and I had to close out prematurely with my Apple options due to a maintenance call. Stupid me. I took another $500 hit at the beginning of November. Hopefully I can claw my way out by month end.
- Brokerage (let’er ride): slow grind continues. Fortunately Apple is slow and steady.
- Digital Currency!: I decided to enter the digital currency world investing ~$600 in Bitcoin and ~$600 in Ether. Bitcoin has been the rockstar with Ethereum essentially remaining flat.
- Lending Club: Two loans continue to be behind with one 15-30 days late and another in default; while two have been charged off. This is not proving to be a fruitful investment.
Liabilities +$1,054
- Mortgage: Slowly chipping away.
- Car Loan (Mrs): Slowly chipping away.
- Car Loan (Mr): Slowly chipping away.
- Student Loan: Also, slowly chipping.
Net Worth: I continue to be in disbelief that I am sustaining double-digit $K growth. However I know it’s highly unlikely to happen in November. My wife lost her job so we’ll have to cut back in savings and won’t have anything going into her 401k. Additionally, not all of her funds have vested so we’ll see a $4K drop in her 401k. Fortunately, I got a raise at work, so this will offset a small amount of that missing income.
Also, #152 (of 439) on Rockstar Finance’s Net Worth Tracker. Shooting for top 10% (i.e., $1.3M) ?:^)
How’s your net worth progress coming along?