2008 Net Worth Review
So far I have looked at how I traded stocks in 2008 and my passive income last year. Now it’s time to examine the progress on building up our net worth. Before I get to the details, one thing is for sure: It’s not pretty, as I have already shown through my monthly net worth [...]
American Households Lost $2.8 Trillion in Net Worth Last Quarter – Chart of The Day
American households really took a hit in the third quarter of 2008.
Federal Reserve released its third quarter Flow of Funds Accounts of the United States today. According to the report, U.S. households lost $2.8 trillion in value from July to September to a total of $56.539 trillion. That’s a 4.7% decline from the second quarter. [...]
November 2008 Score Card — Part I: Net Worth
Another month, another loss.
We ended the month of November with our paper fortune taking yet another hit, though the scale of the loss is much smaller than the one we had in October. For the month, our net worth declined $17,011.73 (3.65%) to a total of $448,925.10, the third straight monthly decline.
Here’s a quick look [...]
October 2008 Score Card — Part I: Net Worth
Because of the vacation in September and October, I haven’t posted an update of our net worth for two months. I ran a quick check before I left for vacation in September and the numbers were not looking good, but still acceptable. However, after I left the country at the end of September, things on [...]
August 2008 Score Card — Part I: Net Worth
Our net worth actually rose a little bit last month!
What I remembered of the stock market in August was that it was as volatile as it has been lately: up 100 points one day, down 200 points the next. So it’s hard to tell how the stocks and mutual funds we invest in did for [...]
July 2008 Score Card — Part I: Net Worth
Stock markets haven’t been friendly to us for more than a year now. And as stocks declined, so did our net worth.
July could have been a pretty good month if the Dow hadn’t suffered the 200-point lose in the last trading day of the month. But it did happen and, as a result, we finished [...]
How to Kill Your Net Worth
A recent article on CNNMoney listed seven behaviors that are not going to help you in growing your net worth. Among the 7 net worth killers, I found the first one, ignoring your money, is probably the one mistake I could most likely make.
1. Ignoring your money
The beauty of lifecycle funds is that you don’t [...]
