MountainCEO's Net Worth for February 2020


Assets Value Change ($) Change (%)
Cash $50,000 ($5,000) (9.09%)
Stocks $0 - -
Bonds $0 - -
Annuities $0 - -
Retirement $602,000 ($13,000) (2.11%)
Home $512,000 $37,000 7.79%
Other Real Estate $0 - -
Cars $90,000 - -
Personal Property $3,500,000 - -
Other $15,000 - -
$4,769,000 $19,000 0.40%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other $0 - -
Total Debts $0 - -
Net Worth $4,769,000 $19,000 0.40%
*All values shown in USD ($)
Notes:

Comments

2/17/2020 10:59:18 PM target10mil
The vast majority of your networth is tied up in company stock which presumably is not something you can cash out on. Sounds like your company is doing great which is awesome. However, does it make you nervous knowing that most of your networth is only on paper? How do you plan on exiting so you can realize the paper gains at some point? I'd be elated if I had your company stock gains, but nervous / paranoid that I couldn't realize it or that something bad would happen which would wipe it out in a single stroke. Do you feel that way at all?
2/28/2020 3:11:20 PM Seattle
Dow loses 3,500 points this. Your self- reported net worth went up. :-) You should share the tips of how to stay on top of the market.
4/2/2020 6:54:38 PM MountainCEO
@target10mil Obviously, it's important for me to cash out at some point. In the last few years my income, that I am able to take out of the company has about doubled. So, currently I am OK. Selling private companies is not a trivial thing. I am currently building the business and start to prepare for an exit. Obviously the COVID-19 pandemic can make all this more difficult. Having this said, the inflationary pressure that we are facing by putting $2T to work helps actually business owners. The value floats with the market.
4/2/2020 6:57:47 PM MountainCEO
@Seattle I am in the healthcare IT space. I went out of the market early enough, not completely untouched, but more or less in tact. I also received additional payouts in March that went to my retirement as well as to my cash. So, that compensated for the market down turn and the effect it had. I was mostly in Gold, which strangely also went down to a degree at least.
4/2/2020 7:01:57 PM MountainCEO
@target10mil One last comment, that I meant to share. I live personally a super frugal life. I can support myself with about 3K per month. So, I sleep very good no matter what :)