challengeclub's Net Worth for January 2020


Assets Value Change ($) Change (%)
Cash $35,900 ($1,800) (4.77%)
Stocks $900 - -
Bonds $0 - -
Annuities $0 - -
Retirement $139,000 ($1,500) (1.07%)
Home $430,000 $5,000 1.18%
Other Real Estate $275,000 - -
Cars $10,000 - -
Personal Property $20,000 - -
Other $800 ($100) (11.11%)
$911,600 $1,600 0.18%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $329,200 ($100) (0.03%)
Other Mortgage(s) $133,500 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other $0 ($10,000) -
Total Debts $462,700 ($10,100) (2.14%)
Net Worth $448,900 $11,700 2.68%
*All values shown in AUD ($)
Notes:
JANUARY 2020

Mercer IP settles 10 January
Valued as $550K value (realistic) and Loan as $267K - so half of both apply to me
$250K joint funds not counted then - nor left over amount after Finishing - will add any in later when occurs (half only of course)

Super down $1000 approx - there was a sell off on 31 December!
Disappointed as $100K ING has not really grown - because I was out for much of the year while it was best year in decade
Will have to do less fiddling in that - hold stuff now (recoup $1K lost) and sell before correction coming - then buy and hold post correction (but MUST do it) and should be ok for LT
Def STOP all when retire - as no inflows then - and let it accumulate somewhat until 60
But Super is just small part - property is what is setting me up instead

Other Assets = $800 in CoinSpot

Shares $900 as the BRN holding is a dud

Home revised to $430K but mortgage now $330K ($329200 now) - can say $100K equity
All will be sold in 2020 end or early 2021 anyway and to Joint Land then (which I will then count as whole not half as joint with Inna - therefore this NetworthShare becomes joint and increases)
Land will be owned with $50K mortgage I hope and valued at $325K

Inna paid Land Deposit in December but I did not - so none of it is counted until settled in future

I repaid Inna $10000 and no debt

Counting half $2000 in Bendigo shared account towards total cash
And half of JWCA (set up now)

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