Hi All, 

Well a week ago, we sat down and added up our net worth.  We knew it would be ugly and – sure enough – we’ve lost nearly 18% of our wealth in two months.  As of October 10th, we were worth $288,000, a big decline from $352,860 in August. 

Whats it all due to?  In a word – the stock market.  The value of our brokerage and retirement accounts took huge losses in the first part of this month.  The assets in these accounts is almost exclusively shares of individual stocks and mutual funds.  So, to a great extent our fortunes have followed those of the greater equities markets.

However there is some good news.  The value of our precious metals have stayed constant and since we’ve been saving for an investment apartment in Portland our cash situation is strong. Both my wife and I are still gainfully employed and most of our stocks are still paying dividends, so despite the bloodletting in the market, things could be far worse. 

Click on the picture below for the details: 

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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