Net Worth Update November 2018

November, although quite volatile, reversed the disaster that was October for investors.  For the month of November, I up a positive $13,899.44 or %1.24 for the month, a decent amount for 30 days, but far lower than the approximate $30,000 movements I’ve had over the last few months.  This month was also the first month in a while that I underperformed the S&P500 by a slim margin. Net worth sits at $1,138,859.76.  I’ve been floating around the 1.1 million marker for the last few months.  For the year, I am up a $83,331.17 or 7.89% for the year. I’m still setting my sights on $2 million by 2024’s year end.

The S&P500 saw a 1.79% return for November and YTD of stands at 3.24%. For the month of November I was up 1.24% and YTD +7.89%. September and October were monster months of outperformance for me compared to the benchmark and more than made up the hole I faced starting in January.

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, and my new goal of make $500,000 from my investments in 1 year at some point in my life.  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 6 years I have increased my net by $734,166.76. 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 6 years out of the 20 years of this experiment equals 30% 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 6 years has produced $734,166.76 or 64.46% of the growth. The first 14 years was 70.% of the time and produced $404, 693 or 35.53% 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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