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Wednesday, June 4, 2008

May Net Worth Update (+8.22%!)

This month was a great month for my net worth. It increased by a whopping 8.22%!

Ok, so that was mainly due to a very generous gift from a family member that is being tucked safely away.

Aside from that though, my investments are continuing to rebound. It's slow going, but it's at least moving in the right direction. My cash accounts took a bit more of a hit this month, thanks to vacation, but those were planned expenses.

With this generous gift, my net worth is up 7.68% from the beginning of the year. My goal for the year was to increase my net worth by 20%. I thought it was a tight goal, but possible. With the markets as they are, I just don't think it's possible to make that goal. Doesn't mean I'm not going to try though!

I also made my full Roth IRA contribution for 2008 this month. Sadly, it is already worth less than when I invested the shares. But it's money I won't need for years, so I'm not too concerned. Just got to keep on keeping on.


change is a good thing said...

Wow! Great job! And already funding your Roth for the year is huge! Congratulations.

TheLocoMono said...

20% is a good goal to have. 12 months is always too long to tell whether it is going to be tight or not but either way, it should convince you to figure out how to meet your goal, regardless of external conditions beyond your control.

Setting a 30% goal is forcing me to figure out how to earn more money, whether active or passive.