Net Worth Update for October 2018

October was the first time in 5 months to experience a loss for the month. For the month of October, I finished down a negative $39,993.59 or -3.43% for the month. While it sucks to lose that much in a month, it could have been much worse, as I actually outperformed the S&P500 by a healthy margin. Net worth sits at $1,124,960.32. I’ve been floating around the 1 to 1.1 million for the year. For the year, I am up a $69,431.73 or 6.58% for the year. On 10/02, I hit a new all time closing high of $1,171,304.11, just 2 days shy of my 1 year anniversary of crossing my first million a year ago. $2 million still feels like it will get here in no time.

The S&P500 saw a -6.94% return for October and YTD of stands at 1.43%. For the month of October I was down 3.43% and YTD +6.58%. These last 2 months have really helped in outperforming the S&P500 for the year. The overall defensive nature of my portfolio really helped outperform with high exposure into consumer staples and tobacco with such holdings as JNJ, PG, MO, PM, UL leading the way. 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 $720,267.32. 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 $720,267.32 or 64.02% of the growth. The first 14 years was 70.80% of the time and produced $404, 693 or 35.98% 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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Readers Comments (17)

  1. Nice work and compared to the market drop you didn’t do too bad, I am putting together my monthly numbers and my net worth dropped 5% for the month. I’ll be posting about it tomorrow, you should check it out!

    • Yes, I’m definitely happy with how the month turned out. Half of my loss was from WWE alone. I’ll check it out

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