patatty's Net Worth for March 2020


Assets Value Change ($) Change (%)
Cash $252,855 ($4,090) (1.59%)
Stocks $10,869 $1,918 21.43%
Bonds $0 - -
Annuities $0 - -
Retirement $312,476 $1,453 0.47%
Home $0 - -
Other Real Estate $0 - -
Cars $17,500 - -
Personal Property $0 ($1,722) -
Other $11,956 ($1,388) (10.40%)
$605,656 ($3,829) (0.63%)
 
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 $605,656 ($3,829) (0.63%)
*All values shown in USD ($)
Notes:
Other Assets is 529 account. Need to cut down on spending.

Comments

3/15/2020 5:55:30 PM patatty
So far, our net worth has weathered this craziness pretty well. It seem obvious now that a recession caused by the total hysteria about the cerveza sickness, and the corresponding lack of economic activity is imminent if not already here. The only question now is how long and how deep it will be. I know for sure that there will be some good buying opportunities, but I just hope that the recession isn't too long or too deep.
3/21/2020 1:01:00 AM ba70
cerveza sickness. :-)
3/31/2020 10:54:07 AM patatty
We put an offer on our first investment property right before the cerveza sickness lock downs started. We're still moving forward with the closing, even though everything is crazy right now. On the one hand, it's a great deal. On the other hand, we might be on the verge of Great Depression 2. Nobody knows how anything will play out at this point. I think it's likely that house prices will go down, but we're paying below market from the perspective of "the before times." Also, with the government printing/spending infinity bajillion dollars, I don't see any way that inflation won't go up. So, a 30 year low fixed rate mortgage will hedge against that inflation.