Year-to-Date Net Worth Change by Category and Passive Income Update
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From what happened to our net worth so far this year, 2006 will turn out to be a great year, though we still have one month to go. Compared to what we had when 2006 began, our net worth at the end of November has increased nearly 44%. Unless the stock markets take a big hit (hopefully that won't happen), we should move close to the $450K mark by the time 2007 arrives.
The break down of year-to-date change in our net worth is as follows:
| Category | Jan. 1, 2006 | Dec. 1, 2006 | Change | Change (%) |
| Cash | $29,061 | $34,132 | $5,071 | 17.45% |
| Taxable | $133,388 | $195,069 | $61,681 | 46.24% |
| Retirement | $126,403 | $179,674 | $53,271 | 42.14% |
| 529 | $1,506 | $5,364 | $3,858 | 256.18% |
| Bonds | $9,006 | $23,164 | $14,158 | 157.21% |
| Credit card debt | $5,069 | $10,591 | -$5,522 | -108.94% |
| Net | $294,299 | $422,015 | $127,716 | 43.39% |
Part of the increase in our net worth is due to what I called passive income - money that is generated by money (asset price appreciation is not considered as income as the gain is not realized). What I characterized as passive income include bank interests, stock/mutual fund dividends, and proceeds from my Amazon.com sales (probably I should take this item out as it isn't really passive). The total passive income on December 1st is $5,074.64. However, compared to the total gain, the contribution from passive income is very small, only about 4%.
The year-to-date passive income is summarized in the following table.
| Interests | |
| HSBC | $375.90 |
| Emigrant Direct | $708.81 |
| ING Direct | $767.27 |
| Virtual Bank | $256.44 |
| Total Interests: $2,018.42 | |
| Dividend/Capital Gain | |
| ADVDX | $197.41 |
| CSVFX | $941.94 |
| DODGX | $140.25 |
| MSFT | $54 |
| LFC | $114.66 |
| TSM | $494.92 |
| PEY | $208.38 |
| PGJ | $81.76 |
| PID | $74.13 |
| PHO | $18.39 |
| Total Dividend/Capital gain: $2,325.84 | |
| Amazon Sales | |
| Amazon.com | $730.38 |
Among the dividend pay stocks and mutual funds, ADVDX and PGJ pay dividend every month, DODGX pays quarterly dividend/capital gain, and all the rest distribute annually in the last month of the year. So many of my mutual fund holdings don't have any distribution yet.
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Trackbacks & Pingbacks
- Pingback by Amazon Sale Quick Update and Why I Choose Amazon over EBay - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time on December 21, 2006 @ 10:19 am
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Why do you prefer selling in Amazon over Ebay ?
Impressive net worth gains. I sell on Amazon as well as half.com and ebay. If haven’t already investigated them, I’d recommend finding the best price for your sale. Keep it up!
The Financial Ladder
That’s a very nice breakdown. I’m glad I’m not the only one who really keeps track of passive income. Although I cheat by using “alternative income streams” to cover anything that I earn from my job.
I track passive income too - truthfully its more important to me than my $2 million goal. Once the year ends I’ll being a tally as well.
Bob & John: The main reason I favor Amazon over EBay is that listing on Amazon is free for up to 2 months. Since I am not a big seller and don’t usually have a lot of stuff to sell, the free listing feature is kind of important to me, though the commission Amazon charges is quite high (for some items such as books, it could be more than 10%). Another is that I don’t need to create any description for the item I listed on Amazon, making selling a little easier. I never tried EBay, but I heard you do need to create some description for the product.
Lazy Man & 2million: Indeed passive income in the future is as important as, if not more than, active income we have now. By the time when all our active income such as salary stops, the only income we can rely on may be the passive income generated from stocks and mutual funds after all decades of accumulation. At present stage, this part is not significant, but we hope at some time in the future, it could be big contributor to our retirement. Of course, when you have 2 million, the passive income will be very significant.
I haven’t seen many people tracking passive income so far (Lazy Man you are the one), probably because it’s only a small part in the net worth equation.