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No. of Recommendations: 5
2013 Mid-year Update:
Net worth up 16% since Jan 1st, 2013. [S&P +13%]

Current Portfolio:
30% Picked Stocks (7% net worth in WMT, PFE, BMY) (13% NW in company stock, after tax)
32% 401k Mutual Funds (70% S&P500 index fund)
8% Fixed Income (Cash Savings, Money Market)
93% California Real Estate (Our House Value*0.93)
-63% Mortgage 3.625% fixed 30yr

2013 mid year: 39 years old now. The market has been great this first 6 months, with the S&P jumping up 13%. We did another no cost refi, from 3.875% down to 3.625% and I paid the principal down about $8k during the refi. I put $10k into I-bonds as the rates were looking good. I’m still trying to get my fixed income % up, but keep finding interesting investments. Still I am targeting to get to 10% by the end of the year.

Overall it looks like I will reach 1E6 NW before the age of 40.

--
whyohwhyoh
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No. of Recommendations: 0
93% California Real Estate (Our House Value*0.93)
-63% Mortgage 3.625% fixed 30yr


I like how you account for this. That's very much correct, breaking out the value of the asset itself (and its leveraged exposure to real estate market swings, both good and bad) from what's essentially a short position on a fixed income security. Just figuring house value minus mortgage as many folks do isn't quite so accurate.

- Erik
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