Net Worth Update for September 2018

September was the 5th straight month of solid gains and 6 out of 9 months for the year. For the month of September, I finished up a positive $30,874.12 or 2.72% for the month. It feels good to be on in the positive for the 5 months and hitting one of my annual goals of growing my net worth by $100,000 per year. Net worth sits at $1,164,953.91. I’ve been floating around the 1 to 1.1 million for the year, so the sudden breakout is relief. For the year, I am up a $109,425.32 or 10.37% for the year.  On 9/21, I hit a new all time closing high of $1,170,009.67.  $2 million feels like it will get here in no time.

The S&P500 saw a 0.43% return for September and YTD of 8.99%. For the month of September I was up 2.72% and YTD 10.37%. I have finally chipped away at the difference in underperformance for the year and passed the S&P500 for the year. For the 5th month in a row, one of my stocks in particular saw a major outperformance and accounted for a little over 7,000 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!). My top 10 stock holdings continues to account for about 2/3rds of my returns.  My low exposure to tech stocks really helped this month in outperforming the S&P500.

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). My goals are pretty clear too: Increase Net Worth by $100,000 per year, Get to $2,000,000 by 2024, Get to $40,000 in dividends by 2024 . 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 pass the $26,000 marker for dividends. This allows me to never really touch my portfolio. 2019 dividend income is expected to range between $27,000 to $28,500.

Interesting tidbit from the chart above…looking at the figures for the last about 5.75 years I have increased my net by $760,260.91. 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 5.75 years out of the 19.75 years of this experiment equals 29.11% 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 5.75 years has produced $760,260.91 or 65.26% of the growth. The first 14 years was 70.80% of the time and produced $404, 693 or 34.74% of the assets. Start early!!! It’s easy to make you’re money work hard for you, so you can kick back.

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