Net Worth Update 12/31/2015 & Year End Recap

Crazy December for the markets.  Lots of up and downs , but that comes with equity investing.

December 31 2015

Above are the details for year end.  Finished 2015 with a net worth of $862, 066.50.  A drop for the month $25, 096.39 since the last update.  Most of that comes from my small cap exposure which has lagged larger companies as of late.  Year over year, I increased the bottom line $133,544.47 for a total increase of 18.33%.  Good chunk of that is from a home sale.

Overall, a little disappointed in the year.  I was hoping to hit $500,000 in my retirement plan.  At one point in the year (June) hitting $469k with a shot of hitting the $500k, only to see it plummet in the second half of the year.  Also was really hoping to hit between $900-925k on the net worth, only to fall short.

Year End Recap

So we see the net worth above.  Now for the other components to monitor.

Liabilities at the end of the year: Goose Egg $0.  It’s been a while since I’ve had to worry about any kind of debt and like the feeling.  (Mortgage included)

Spending for the year: $6133.42 or on average $511.12 per month.  This is my essential spending food, housing, transportation, gym membership.  I’ve really only spend a couple hundred over that for nonessential stuff.  2015 Expenses  I actually expect this to go down in 2016 as my move has eliminated some of the fixed cost such as the HOA dues (my biggest expenditure year in, year out), property taxes will go up a little, and gas spending will go up nominally.  Overall, 2016 will see a reduction in cash outflows and be even more efficient.

Passive income from not having to work for the year comes in at $10,258.87.2015 Dividends  This is all dividend income from my individual stock holdings.  This income should double in 2016 when I move my retirement plan to my IRAs and replicate my portfolio for the most part.  Also, investment expenses will go down as I will not be tied down to over priced mutual fund expenses.  In the long run, this will make a huge difference in asset growth and keep more money in my pocket.  Here is a break down of my dividend income.  Dividend Breakdown  There will be another post with more details later on, also including my withdrawal strategy in retirement.  I’m hoping for this income to increase in the neighborhood of 5% next year, mainly coming from companies increasing their payments.

43 days left until the big day and no longer having a stable paycheck to count on.  Can’t wait.

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