Monday, August 2, 2010

July 10 Net Worth: $58k Overall 6.59% Growth

Another good month for us with the total net worth jumping up by 6.59%. This is the last month before we join our finances! We didn't have much going this month, we did have to put new breaks on one of our vehicles. We just need to keep this up we are feeling really good about our situation...
Lets break it down:

Cash & Savings: We saw a slight dip in our cash savings because of the purchasing of stock and PMs. Hopefully in the next few months we will see some growth as were have started to really kick up the saving for a downpayment for a home. This money grows from money directly transferred from paycheck into my money market, savings account and checking. This bracket holds the funds for insurance, auto maintenance, Roth IRA, and vacation. This is why it can be a little deceiving, it also holds my monthly budget in it. It has about 13-15k sitting around as savings the rest are funds that are going to be used at some point over the year. The rest is used on a daily bases for covering expenses, rent, food, auto, etc...

Stocks/Brokerage: This month we was slight tick up but that is mostly because purchasing of a gold stock Sprott Physical Gold Trust(PHYS) and Penn West Energy (PWE). I have about another 1k in the account which I am eyeing Exelon Corp (EXC) or more Exxon (XOM). As of right now I am holding back and hopefully save up some cash. The list of stocks I own (GLD)(EGO)(AUY)(AVARF)(RGLD)(ZQK)(XOM)(CVX).

*As you can see I am heavy in commodities in my brokerage account. This is all based on my thought that over the next decade the best investments are going to actually be in hard assets. My Roth/IRA/401k are in pretty common index funds and mutual funds so I figure I can go more risky with brokerage. I believe these will out perform equities in the next decade and if nothing else I feel more comfortable with my portfolio diverse. I am bearish on the US Dollar and US Economy, I believe that trillion dollar deficits are not going bode well for the USA.

Retirement 401k: This bracket is just me adding money to my 401k every month. Slight tick up this month...we will wait and see how the stock market plays out come the fall. Until then not tinkering with this.

Retirement IRA's: Slow growth here this month. I still think the market is going to correct itself. I pulled back half of my Roth into cash, so have about half my retirement in cash right now. I will keep cash on the sidelines and just try and max out my fiancés and my Roth's next year. In this bracket I have all Vanguard Funds (VTSMX, VGSTX, VEIEX)

Debts and Liabilities - Vehicle under 8K!! Credit Cards done...

Credit Cards: Breaks on one of our vehicle and flights out to a wedding on the west coast, they will both be payed off by end of the month. I pay off any Credit Card debt monthly.

Car Loan: I am paying 4% APR on it so I am paying a little, but not a ton. Still looking to pay it off early-will probably be a goal this or next year. We are still saving up for a house so not sure its in our best interest to get rid of our cash sitting to be debt free on my vehicle.

May is now in the bank, I am still extremely bearish on the world economy and the US economy...We are headed for a financial storm and it is very important for all of us to be up to date on current events. It time to be prepared for the worse and pray for the best.

One thing I am excited about next month is the we will be combining our finances in August and will be showing it next month...looking for a jump in total net worth. Until then good luck with your own budget and growing your wealth.


  1. While I don't necessarily agree on the hard assets sentiment (though I am considering energy), I'm sure your portfolio is doing quite well right now!

    Otherwise, looks great!

  2. Thanks Jonathan,

    Ya, my thought process there is that as foreign countries grow, the more commodities are needed to run these emerging economies. Another reason is with green takes a huge amount of rare earths to make windmills, huge batteries for hybrids. Silver for solar, electronics and of course energy(oil and Uranium) to get these all up and running.