Debt

June Net Worth 2017: $235,110.90 (+$20,238, +9.42%)

Woohooooo I am out of consumer debt!!

Debt, has been real. It was a struggle to get out of debt so I am going to celebrate it by splurging a bit on clothing or something. I do still have a mortgage and company stock options. However, I don’t really have to pay for the stock options unless I really want to so it doesn’t REALLY count as debt but nonetheless I want to purchase those outright to avoid paying taxes.

Goals of 2017!

  1. Pay off rest of by consumer debt by July. (Done! Finished 1 month early!)
  2. Save 4 – 6 Months of expenses ~$10,000 $12,500 (Currently have $2200)
  3. Net Worth $200k. New goal $230k $250k. (Currently $235k)
  4. Increase my income by $100 per month. (Done!)
  5. Update my Closet – Spend at least $75/month on clothing. (On track)

Here is how my May went down.

Assets

SAVINGS  (+$1,700) – Didn’t add any. Just focused on paying off my debt.

ROTH IRA (-$258) – I didn’t put any additional money toward this account. A few of my stocks popped this month.

401K (+$464) – Another month, another employer match. Nothing too crazy here.

CAR (-$145) – Finally my car depreciated. It must be that around 3 – 4 years my car is where a lot of people want to buy it.

COMPANY STOCKS (+$17,244) – Wow. Opposite of last month’s decrease. Stock rallied up and I think it is near company’s 52 week high.

HOUSE (-$492) – I thought the price was a bit off since it went up so much last month. My house is still appreciating, however not as fast as I thought.

Debts

CAR LOAN (-$1,120) – Done. Done. Done. Done

Company Stocks (+$0) – I have a price where I can purchase my shares. Since it takes a while to my options to expire, I am just going to put aside ~$10k per year to purchase all my shares.

MORTGAGE (-$290) – Again, mortgage is decreasing very slowly since I am not paying extra on my principle payment. However, I will be refinancing my home very soon to a 11 year loan so I can pay this thing off faster. No house payments = freedom.

Savings

+ $1,700 in my emergency fund.

Investments

These returns are based on start date 10/02/2015.
My Returns = 73.17%
S&P 500 Returns = 25.06%
vs S&P 500 = 48.11%

Again, you should not sell or buy any stocks based on my holdings. You should do your own research and buy/sell stocks based on your situation.

Closed positions are marked gray and the current column will not change. If I re-enter the position, the cost basis will be the based on the new position only and I will update the cost basis to reflect any additional purchases.

Terminology

S&P = Standard and Poor’s. Comparison benchmark.
Cost Basis = What I paid for the stock minus dividends per share.
$ Gains = Total gains since stock purchase.

New Stocks Added
TECHY is a Chinese internet company that owns a lot different entertainment properties. They own League of Legends, Supercell, WeChat a long with a bunch growing businesses.

 

My goal is to beat the s&p 500 returns every year. So far, so good.

Well, that is it for June! If you want to checkout my other net worth posts you can go here!

No Comments

Leave a Reply