Hello All,
Well, yesterday afternoon we sat down at our biweekly call and added it all up. The month of November saw our net worth increase to $368,010. This is an all time high, but is only a slight increase from Septembers total of $363,573.
We were hoping to hit $400,000, but this looks doubtful. Why didn’t we meet the goal? Well, in a word, many of the stocks I purchased are currently off their highs. We have positions in Southern Copper, Advantage Energy, Provident Energy, Canetic Energy, and Harvest Energy. All of these have slipped in the past few weeks. When I look at it, I think we’re about $17,00o of our high.
The good news is we’ve been making good progress paying off our debts. So far, we’ve been able to payoff $2,550 of our second mortgage. Also, Miel has been able to maximize her contributions to her 403b, so our stock market losses were offset by gains in debt reduction and and increased value in Miel’s retirement accounts.
I recognize that an increase of only $4,400 in six weeks isn’t that great given our overall financial situation. That said, I’m frankly happy that we’re able to still able to build wealth given our super long distance marriage and my wimpy graduate student salary of $14,000.
Here is our progress over the past couple of years. – Enjoy!
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