Nw 2022

[STATscans]

I’ve seen people posting NW increases the past few years as the stock market was doing really well, including myself.

How are you doing this past year? Willing to share?

I will tell you that for myself I think I’ve lost close to like a million in NW over the past 6 to 7 months. And the bleeding doesn’t seem to stop as of this morning. But I’m in for the long game, so I’m mostly fine mentally.

NW was approaching 3.5mil a year go and now hovering about a million dollar less.

[zlandar]

Dec 2021- $8.6m
May 2022- $7.9m

Mint includes your home estimate. Otherwise it would have been a sharper drop.

They keep pulling me back in...

[STATscans]

Dec 2021- $8.6m
May 2022- $7.9m

Mint includes your home estimate. Otherwise it would have been a sharper drop.

They keep pulling me back in...

wow at that NW, I’d be 75% retired!!

[StarTrekDoc]

This is reason why have to protect against sorr near retirement time and not accessing the main pot.

Most folk have a cash pot for this. Others a bond fund separate from the main pot calculation.

One we've been planning is keeping our HELOC and smoothing like how we do through the holidays+property tax season
Will run out numbers. It's been relatively stable since we were abulout 50/50 real estate/equities. ...not anymore though and real estate supporting through this rough patch

[BruinBones]

January 1, 2022 NW = 3,800,000
May 1, 2022 NW = 3,650,000

Net Worth -3.94%
Investments -7.30%
Homes x2 +11.3%

[Lordosis]

Having a lot to lose is a good thing! We have stayed essentially flat these past several months because of contributions and home appreciation.

[The White Coat Investor]

Certainly my stocks, bonds, and real estate have gone down in value the last four months. But even if I just look at my retirement assets, I'm up about 7% since the first of the year. How can that be? New contributions. And that's not including the value of the business and home.

If you're a good saver, you have to get pretty far into your investing career before net worth should be going down much, even with a market downturn.

[STATscans]

I guess I forgot about my home. I assume it went up in value? I haven’t check. Also, my 401k contribution is in the second half of the year (61k total) so that hasn’t happened yet.

[altadoc]

Certainly my stocks, bonds, and real estate have gone down in value the last four months. But even if I just look at my retirement assets, I'm up about 7% since the first of the year. How can that be? New contributions. And that's not including the value of the business and home.

If you're a good saver, you have to get pretty far into your investing career before net worth should be going down much, even with a market downturn.

That's an interesting way to frame it - thank you! With a ton of new contributions, the market drop matters a lot less.

Similar to this idea on inflation. If you spend all your income, inflation hurts more. But if you are a prodigious saver, inflation impacts your finances much less.

[shombra]

hmm, I just use Vanguard’s performance tab so I don’t know how accurate everything is:

May 2021 = $4M
May 2022 = $4M

I’ve continued adding to my taxable account at the same rate as in years past, I am “age - 10” % in bonds so approximately 30% of the account is in VWIUX, perhaps that explains why there isn’t as large a drop as i was expecting

[JBME]

i only do NW calculations at the end of the year. I'm sure I'm down but not too much, due to home appreciation and we've been contributing to retirement accounts. I update the value of the retirement accounts quarterly. From Jan 1 to March 31 we were down 2% in retirement accounts. I'm sure it's more now, but not too much more as we keep contributing. This doesn't count home appreciation, which based on the assessment I got from the city for property tax purposes, wipes out any net worth losses we've had in our retirement accounts. So my guess is NW is unchanged, +/- 1%

[CordMcNally]

Probably relatively unchanged given new contributions and home appreciation but I own more shares than I used to.

[Hatton]

I do not calculate my net worth when the market is dropping like this. I only look for tax harvests.

[auggie1983]

Starting at 0 growing 7% annually with 10k/month contributions it takes about 8 years for a 10% downswing to equal a year of contributions.

[bovie]

NW was approaching 3.5mil a year go and now hovering about a million dollar less.

What are you invested in that you're down 30%?