October 2008
December 3, 2008 @ 8:29 amIt was very disappointing to do our net worth calculation for October. After a brutal start to the stock market I decided to quit sitting and passively losing money, so I changed strategies. Then the market decided to go up a bit at the end. I’m still pretty sure we’ll be going back down in the near future but I’m keeping a close eye on things.
Needless to say our net worth was down considerably in October, and only up about $12,000 since last October. Increasing net worth by $1000/month just isn’t going to cut it for me. I received three paychecks in October which allowed us to increase our cash position nicely, but college and retirement account losses more than offset cash gains for a decrease of $6083.67 or about 5%.
Notes:
- The credit accounts now consist of a HELOC, the rewards card that most of our monthly spending goes on (which we pay in full every month), and a small 0% credit card - to be paid off in November.
Goals
We’re focusing on building up our Freedom Fund to 3 months of living expenses and saving money in the Fun Fund. When those accounts are where we want them we’ll focus on paying off the truck quickly…after that comes the HELOC.