| One thing I can say for sure is that owning a house adds an interesting and somewhat complicated element when determining net worth. Before clicking the below link to calculate my current net worth, I'm not really sure how things went this month when factoring my home data. Prior to purchasing my home, nearly every month since I began building wealth, it was relatively easy to predict the direction of worth (almost always north). Now it's not always so clear. I suppose this is the sheer nature of diversification, which acts like an anchor, lowering the relative amount of beta, but also providing less volatility and potentially less return.
Taxable account dividends received in July of 2012:
03Jul, KMB, $11.57
03Jul, BP, $10.47
11Jul, AEO, $21.87
17Jul, KFT, $7.16
25Jul, CSCO, $8.59
26Jul, GE, $23.15
27Jul, SYY, $14.17
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July 2012 taxable dividend receipt total: $96.98
I continued with my 401(k) contribution of 5% -- plus a 4% match -- which will allow me to sock away about $5,500 a year to my tax-sheltered account and I'm also contributing $5,000 a year to the Roth IRA.
I believe I'm still on track to reach my goal of obtaining a net worth of $150,000 by the age of 30. I'll be 31 in February of 2014 and I believe I can make this goal. It may come down to the housing market, when determining if I can make this goal, but I'm optimistic.
Prediction of net worth change: + $1,250 |