retireby50's Net Worth for September 2023


Assets Value Change ($) Change (%)
Cash $1,146 ($554) (32.59%)
Stocks $123,669 ($9,912) (7.42%)
Bonds $0 - -
Annuities $0 - -
Retirement $508,982 ($12,429) (2.38%)
Home $0 - -
Other Real Estate $0 - -
Cars $5,000 - -
Personal Property $0 - -
Other Assets $2,509 $401 19.02%
$641,306 ($22,494) (3.39%)
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $0 - -
Net Worth $641,306 ($22,494) (3.39%)
*All values shown in USD ($)
Notes:
No change to A and B below.

a. Find investment vehicle for mom's savings account that I am building (currently at $0)

b. Find account for long term savings. I am of the mindset that I would like to have two "pots" for my savings. One where I retain my money market account at $20k, which will form my emergency nest egg. The second account will be in a slightly more riskier fund (50/50 stocks/bond acct?) and will contain my long term emergency fund, which I would like to grow to $80k+. By doing this, I feel that most of my emergency fund will grow to at least match with inflation over the years.

I have to get better at managing my finances. I've been very loose and sold some stocks to cover several transactions. Great experiences, but I need to slow down.

Comments