Saturday, January 12, 2008

net worth update january, 2008

Results for the 2 months ended January 13, 2008.
  • Debt/Asset Ratio moved down from 0.55 to 0.54
  • Net Worth moved up 2.4%
  • Total Assets increased 0.7%
  • Total Liabilities decreased 0.7%
  • House Value / Tot. Assets moved down to 73.0%
  • Non-registered portfolio grew 3.8%

Our progress on net worth here remains positive, however negative market returns held us back quite a bit this bi-monthly period. The S&P 500 index is actually down over 3% since November 15, when I last updated our net worth. The market's influence is reflected in the results below:

  • Non-reg. port. posted a 3.8% gain (slowest gain ever recorded.)
  • Total assets up 0.7% (slowest gain ever recorded (tied with Nov.))
  • Wife's locked in retirement account down 2.5%
  • Wifes' RRSP down 2.7%

There are interesting times in net worth tracking ahead as the market continues to turn over, and we embark into a period of drastically reduced employment income due to my wife's year long maternity leave, which began on December 1, 2007. Below is our graph of net worth over the past several months. Note that the graph is flattening out toward the present indicating that our net worth growth has been slowing as of late.


Dividends4Life said...

Personally, I do not think 2008 will be a pretty year, economically or in the market. Hold on tight and watch for bargains!

Best Wishes,

Sami said...

good job MG to increase net worth. I think what you are doing is right: save and be patient and follow your process and it will work in the long term.

MG said...

Thanks for the comments.

nonaldehyde said...

MG, we have so much in common... science degree, passion for gardening, 519 area code, wives, kids... but a generation difference in age.
Anyway, admirable that you are trying to be long and make money. I quit that in November and have been short or neutral since then.
Money makers for me have been double-bear ETFs like HXD and HFD in Toronto, and FXP in US.
Since I retired in June, I was long and o/p the TSX by about 21% to -1%.
It surely does not look pretty to me for the next couple of weeks...

Guerilla investor said...

I remain very optimistic about 2008 and the investment climate myself. It just depends which market sector you rotate into and out of. There is always a screaming bull market out there somewhere!