What a month! What a rollercoaster! After the S&P500 rebounding in in early-mid February by 8%, it fell the last two days by ~2%. Just in case you were wondering if this is bad or good. IT’S GOOD! The market needs to breathe, to reset itself. After all it only set us back a couple of months. So take the opportunity to invest more or properly allocate your account/s(I wrote a post about it).
In other, more personal news, I got my corporate bonus. In addition to paying some medical bills, and setting money aside for Roth IRAs, we’re getting a water softener. So let’s get into the numbers.
Image may be NSFW.
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Retirement Accounts (-$156): If it weren’t for my bonus, employer match, and my contribution, my retirement account AND my net worth would be significantly down. These contributions totaled ~$16,000. My wife had $1,541 go into her newly established 403b but because we don’t have the login information, we can’t access just yet. Thus, it is excluded from February’s numbers. We also put $5,500 in Mrs MORE’s Roth but it didn’t hit until March 1 and is also excluded this month.
Non-Retirement Moola (+$7,687): Savings were up $7,354 from my bonus but will be spent over the next couple of weeks it will pay some med bills and buy the water softener returning the balance to $10K. I did take advantage of the down market using options to get a few hundred $$$.
Home Equity (-$3,800): Seasonality likely affected our home value. It will probably go back up in a few months so i’m not worried. Plus we’re not selling any time soon.
Debts (+$1,070): Because we paid some of our loans earlier than normal, we had more dollars applied towards principal.
I’m pretty optimistic about March.
How did you do this past month? Anything you did to managed the mini-crash?
-Max OUT!
