Three months ago, our household net worth was approaching $500k. Well, it’s still approaching $500k. In fact, even though we’ve continued to save each month, our net worth has gone down, largely due to overall declines in the stock market. During the past quarter, our Net Worth did creep above $500k, but it was only temporary as the market began to slide towards the end of August. So without further ado, here’s the latest update:
Our net worth declined by about $4k in the past three months. Not too big of a swing, but in order to really see what’s going on here, it’s helpful to see the details.
As you can see, our cash has increased and our mortgage has decreased. According to Zillow, our home has even appreciated slightly. Although we added about $3,000 to our investments, they still are down by over $13k. The good news in all of this is that the money we’ve been adding has been buying in at lower prices. What’s also good news is that as I’ve previously mentioned, I have been meaning to shift more of our investments to stocks from bonds, which I have done.