Net Worth for December 2018

December was a train wreck.  And while bad, actually wasn’t as bad as it could have been.  For the month of December, I finished down -$65,746.67 or -%5.77 for the month, by far the worst month of 2018.  This month saw another month in the second half of the year, where I would outperform the S&P500 by a wide margin (for new readers, I am a buy an hold investor.  Not active or passive, but actively passive I like to say). Net worth closes out 2018at $1,073,113.09.  I’ve been floating around the 1.1 million marker for the  majority of the year.  For 2018, I finished up a mere $17,584.50 or 1.67% for the year.  Well below my goal of increasing my bottom line by $100,000 per year, but glad to end the year in the positive.  I’m still setting my sights on $2 million by 2024’s year end.

The S&P500 saw sharp decline of -9.18% for December and for 2018 stands at -6.24%. For the month of December I was down -5.77% and closed out 2018 with a positive 1.67% return.  September, October, and December were monster months of outperformance for me compared to the benchmark and more than made up the hole I faced starting in January of a 3% differential.

So for the sake of comparison for 2018: Me +1.67% vs S&P500-6.24%.  A differential  margin of 7.91% for the year in favor of me 🙂 I also spent all of 2018 in millionaire status, never dropping below the threshold since first hitting it back in October of 2017.

I guess the major disappointment for the year was Q4.  I peaked out on my net worth on October 2 at $1,171,304.11.  When you look at the spreadsheet, you can see I was close to my high end of my projections.  Also notice the low end projection of $850,000.  We’ve had a nice run with the economy and I’m a bit negative of the momentum continuing, so I like to try to brace for any possible hard times.  Hopefully I am wrong.

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 just passed the $26,000 marker for dividends. This allows me to never really touch my portfolio. 2019 dividend income is expected to be in the range of $28,000.

Interesting tidbit from the chart above…looking at the figures for the last about 6 years I have increased my net by $668,420. 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 $668,420.09 or 62.28% of the growth. The first 14 years was 70.% of the time and produced $404, 693 or 37.72% 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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