May was a pretty good month for the M.O.R.E. household: Markets were up, Tesla bounced back, and we received other good news which I’ll elaborate later.
The S&P 500 had a nice healthy gain of 2.16% to make up for the lackluster past three months. Meanwhile, the MORE household grew by 3.3%.
Aside from market appreciation, nothing special happened this month from a monetary standpoint. I did move my student loan which I’ll write about in a later post. So let’s get into May’s details.
Retirement accounts +$15,029: This month was a triple paycheck month for Mr MORE due to bi-weekly dates occurring three times. Three paychecks means an extra $1,381 in contributions.
Non-retirement $940: We paid off some of our Washington DC trip this month and so our non-retirement accounts basically stayed flat. The small gains were actually huge gains in my brokerage accounts. Tesla started bouncing back so I took advantage of the movement there with options (i.e., short puts). And i’ve been shoveling more money into my brokerage account which has performed nicely.
Home Equity +$314: Flat and no action here. On a related note, the misses and I are looking to move closer to downtown in our city. We even checked out a house through a Redfin agent. However, prices are astronomical. So we’re on temporary hold.
Debt +$1,782: Due to triple paycheck month, I used the opportunity to pay an extra month’s worth on our cars.
So that’s it! I have a few juicy posts in the hopper and I can’t wait to finish/tell you about them.
How’s your net worth progress coming along?!