2008 was a very bad year for the personal net worth of the majority of people and households. Declining real estate values coupled with a stock market crash sent net worths reeling, especially in the latter half of 2008. Our net worth actually peaked out in September during 2008.
Even though I typically measure my net worth on the 15th of the month bimonthly, I wanted to see how we made out in calendar 2008. Considering how ugly the year was in every asset class we did not fare half bad.
Net Worth 2008 Calendar Year
January 15, 2008 = $135,456
December 31, 2008 = $145,555
2008 Calender Net Worth Gain/Loss = +7.5%
In a year where my wife was on maternity leave, the S&P 500 index was down a whopping 39%, and my home value was flat, any gain in net worth should be considered a small victory.
Other 2008 results from the blogosphere:
Canadian Dream Free at 45 (+2%)
Million Dollar Journey (+11%)
The Financial Blogger (+17%)
Frugal Bachelor (+23%)