July was the 3rd straight month of solid gains and 4 out of 7 for the year. For the month of July, I finished up a positive $35,774.00 or 3.34%. It feels good to be on in the positive for the 3 months and half way through my goal of growing my net worth of $100,000 per year. Net worth sits at $1,106,588.04.04. I’ve been floating around the 1 to 1.1 million for the year. For the year, I am up a $51,059.45 or 4.84% for the year.
The S&P500 saw a 3.60% return for July and YTD of 5.34%. For the month of July I was up 3.34% and YTD 4.84%. I am underperforming the S&P500 by 0.50%, but still believe I can chip away at the difference. For the third month in a row, one of my stocks in particular saw a major outperformance and accounted for a little over $5,000 of the gains. WWE has been on fire, to say the least and it has become my top holding (all sitting in my Roth IRA!). I also enjoyed stellar performance from JNJ and MPC in my top 10 holdings. My top 10 holdings also accounted for almost half of my entire portfolio gains for the month.
For any new readers, my net worth is super simple. I have absolutely no debt (including house, cars, student loans). Basically, I am liquid AF. For my net worth, I only count financial assets, so I don’t include material possessions like house, cars, shit in the house (I like to keep it simple and think of only assets I can raise cash in the matter of seconds). So here goes the charting of my net worth since 1999…
While I am working to get to the $2 Million marker within the next 7 years, I should also note the slow and steady increases in dividend income. For 2018,I will just past the $25,000 marker for dividends. This allows me to never really touch my portfolio. 2019 dividend income is expected to range between $27,000 to $28,000.
I am out of the contract period for working, but have continued to work, they really freaking like me at this place, even talking about a supervisory role. I haven’t given up on the dating world yet, but getting real close. As soon as I’ve made up my mind that a serious relationship isn’t for me, I’m out. I may be getting close to that point in life. I am trying to work on part time/seasonal work with the company as it will continue to keep me connected to a work environment, just in case. It’s funny to think I went back to work, thinking I do want to settle down with someone and it wouldn’t be fair of me to not work. But the dating world is so ridiculous, you question if it’s all worth it. Here is a stand up comedy bit I did a couple weeks ago about dating…
I’ve always wanted to do some stand up and working on checking off my bucket list of crap I want to do. It was a blast and will be doing it again. Check out my YouTube Channel for random videos.
Interesting tidbit from the chart above…looking at the figures for the last 5.5 years I have increased my net by $701,895.05. The prior 14 years accounted for $404,693. I often refer to how my money works harder than I do. Think about it another way. From a time perspective the last 5.5 years out of the 19.5 years of this experiment equals 28.20% of the time involved. That means a little over a quarter of my time doing this has actually accounted for the majority of the growth of my assets. The 5.5 years has produced $701,895.05 or 63.42% of the growth. The first 14 years was 71.80% of the time and produced $404, 693 or 36.57% of the assets. Start early!!! It’s easy to make you’re money work hard for you, so you can kick back.Follow me on the social medias: