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September 2007 Net Worth Review (+1.24%)

October 3, 2007 by Pinyo.

September was a good month for the stock market. The S&P 500 index rose +3.58% from 1,473.99 to 1,526.75 — thanks to the boost from Federal Reserve interest rate cut by half a point on the 18th. However, consider that the U.S. Dollar lost about -2.26% against the global currencies [1], most Americans are actually less wealthy than they were a month ago.

After I entered all my information into NetworthIQ, the result was +1.24% net worth improvement. My liquid assets went up by +5.72% from 22.33% to 23.61% of $1 million goal.

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Here are key activities for September:

  • I didn’t make any change in August, except for reducing 401k contribution down to 19%. I was over-contributing and this should put me back on the $15,000 target for the year.
  • My retirement portfolio grew by +4.57%, or +3.83% if I discount new money contributed during September.
    • This slightly better than market performance is due to strong performance by my REIT investments like (SSREX) and international investments like (JAOSX) and (PIEQX).
  • My estimated home value dropped by another -0.72% (how I estimated my house value).

A couple of concerns:

  • Weakening U.S. Dollar is an overall concern, but I am not ready to increase my international allocation beyond 30%, nor am I willing to get into the more speculative foreign exchange market.
  • The house renovation is done, but we are in dispute due to certain surprise charges.

[1] U.S. Dollar relative value compared to British Pound, Japanese Yen, and the Euro. The calculation was based on data from FXHistory: historical currency exchange rates.

1 Comments

  1. gravatar
    Bendz, 3. October 2007, 23:07

    Best of Luck for your financial goal. The details in money lession 2 setting financial goals are useful to me :)

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  1. Oct 4, 2007: Guest Post: The Weak Dollar is Killing Americans' Wealth on Consumerism Commentary: A Personal Finance Blog
  2. Jan 4, 2008: The Weak Dollar is Killing Americans’ Wealth (Reprint) | Moolanomy

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