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Net Worth Report - End of 01/07

I reached $500,000 this month. I guess it's time to schedule a fitting for a top hat and monocle.

Net Worth Figures
Category12/0601/07
Total$491,397.94$505,797.24
Short-term$26,900.45$20,661.57
Medium-term$111,852.44$119,368.99
Retirement$165,874.22$176,003.16
Property$186,770.83$189,763.52

Note the sharp decline in short-term holdings. I made my 2007 contributions to my Roth IRA ($4,000), HSA ($2,850), and am making the maximum 401(k) contributions (50% of payroll) allowed by my employer. I'll be drawing from my short-term holdings for the whole first quarter. I won't be making any significant new investments until I raise cash by selling a batch of ESPP shares when I see a good opportunity sometime in the next few weeks.

Last month I talked about how my employer's contribution to its profit-sharing plan caused a discontinuity in my January goal figure. Well, they're a few days later this year than last year and haven't made the contribution yet. I adjusted my model, so now the big jump shows up in next month's goal.

Goal-Tracking Figures
Item12/0601/07
Adjusted Net Worth$457,304.04$469,206.09
Next Month's Target$467,162.22$478,716.19
Estimated Contribution-$4.82-$62.45

No change in credit card arbitrage this month. But I got some 0% balance transfer checks in the mail and I continue to be astonished that they haven't realized I'm taking advantage of them yet. I'll be increasing my arbitrage by about $10,000 soon.

Credit Card Arbitrage Figures
Item12/0601/07
Balances @ 0% APR$25,012.71$24,868.60
Monthly Payment$500.25$497.37

You can keep track of other personal finance bloggers at NetWorthIQ. I've updated my entry there.


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Tiny Island