Sorry, I have been extremely busy at work and have not had the time to devote to maintain the site on a weekly, much less a daily basis. My last update was June and from the chart above you can see the last few months have been an roller coaster ride for our net worth. These have been the most wild swings since I have started to log our net worth. This is mostly because our exposer to the precious metals, they swing pretty violently depending on what is happening in the world. Right now, I have us set up in the the
McAlvany Triangle which is the 1/3 the "Foundation" – Precious Metals, 1/3 in "Savings" – Cash, Bank Accounts, and 1/3 "Growth/Income" – Stocks, Bonds, & Mutual Funds. Anyways, I have to admit that I have to ignore the everyday noise of the market and look at the long term. I still feel very good at the plan of attack and will change accordingly as we get closer to the crisis window.
Next month I will try and have a break down for our net worth.
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I wouldn't sweat monthly changes. As your net worth increases, it will always swing pretty violently month to month. You sound like you've got your head screwed on tight and have long term convictions, so I suppose it doesn't hurt to track monthly if you like. Personally, I feel that tracking year by year saves time and cuts out some of the noise. But that's just for net worth -- your budget needs to be tracked as near to real time as you can get.
ReplyDeleteRegards, S.B.