December was an ugly month in the market, and our portfolio (primarily comprised of index funds) was not immune. We lost all of Novembers gains and more, ending the year with a net worth of $823,046.
Looking back to the overall change for the year, things were pretty good. Our net worth grew by nearly $80k, primarily due to aggressive principal reductions on our mortgage and moderate appreciation in home value.
CASHOur cash balance crept up again in December. We had a relatively simple Christmas, including a trip to visit family and attend a wedding. We were able to use up the last of our Marriott rewards points for a free 4 night hotel stay, so the travel part was pretty inexpensive.
Excluding travel, we spent less than $1,000 on Christmas gifts and everyone was very pleased. I didn’t realize until after we had put all the gifts together but most of the kids gifts were books and Legos, mutual favorites of parents and kids in our home.
Our investments were down quite a bit in December and slightly negative for the year. We withdrew ~$50k towards the end of the year to put towards our mortgage and added ~$25k throughout the year which is roughly what we lost. Our investments are still >90% in equity index funds, with a mix of US and International.
HOUSE / MORTGAGE
Nothing too outside of the ordinary in December. We crossed below the $90k threshold on our mortgage balance and continue to be aggressive on future payment plans. We have a lot of big DIY home projects we’d like to do but are put on hold for the next year or two while we knock out the last of the remaining mortgage.
In 2018, our home repairs included 2 HVAC blower replacements (different units), 1 new microwave, 3 pallets of sod, a new garage door system, and a new garbage disposal. In total we spent just under $5k on home repair/maintenance, which was actually down $5k from the previous year. For 2019, it won’t be $0, but there are definitely some big projects planned for 2020 and beyond.