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Nw 2022

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  • Nw 2022

    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.

  • #2
    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...

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    • #3
      Originally posted by zlandar View Post
      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!!

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      • #4
        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

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        • #5
          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%

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          • #6
            Having a lot to lose is a good thing! We have stayed essentially flat these past several months because of contributions and home appreciation.

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            • #7
              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.
              Helping those who wear the white coat get a fair shake on Wall Street since 2011

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              • #8
                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.

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                • #9
                  Originally posted by The White Coat Investor View Post
                  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.
                  Cobin Soelberg, M.D., J.D. - Principal & Owner
                  Greeley Wealth Management | [email protected]

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                  • #10
                    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

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                    • #11
                      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%

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                      • #12
                        Probably relatively unchanged given new contributions and home appreciation but I own more shares than I used to.

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                        • #13
                          I do not calculate my net worth when the market is dropping like this. I only look for tax harvests.

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                          • #14
                            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.

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                            • #15
                              Originally posted by STATscans View Post
                              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%?

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