Savings / Checking : $ 78,000
Illiquid assets : $ 0
Taxable Investments: $226,000
Retirement Accounts: $218,000
Credit card debts : $-11,000
Looks like our Net Worth is right around $511,000! The credit card debt is due to a big vacation we're taking in April so expect a reduction in our savings / checking next month. I'm estimating another $2500 extra for vacation spending while we're on the trip.
My Cake Portfolio is only a fraction of my investments and retirement accounts. They don't yet support direct mutual fund accounts. I also haven't included my Scottrade IRA account yet either. When I feel more comfortable publishing that, I will.
I'm tempted to put more of our Savings into stocks in anticipation of the next bull market wave, but I'm still hesitant as the current situation still looks bleak. We're looking into buying a house/condo/townhome within the next 12-18 months, so we probably will keep our cash in cash, and try to save as much as we can.
I'm hoping housing prices continue to trend downward over the next year, and perhaps lenders will be okay with a 10% down payment without a second mortgage. Who knows? I'm even thinking of buying a firearm and stocking up on durable goods and rations. Hahaha.
3 comments:
Seems like your doing good and not feeling the recession...
Keep up the great work.
HS
How do you like Cake Financial so far?
I liked Cake before my brokerage transfers. Now they have my cost basis all screwed up since apparently ACAT transfers between brokerages can't seem to preserve the original purchase price in my new account. You'd think they could figure that out.
Icarra is more work to maintain and not as aesthetically pleasing, but I am able to manually add transactions whereas Cake only imports directly from only a few supported brokerages.
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