One of the main purposes of this blog is for me to track my progress to financial independence which I am well on my way to achieving. Each month I share the details of all investment accounts and the changes from the previous month.
These net worth updates are starting to get a little boring. No matter how much volatility we see in the market, I continue to report solid increases in my account values. I’ll admit that some of this is due to contributions and certainly dividends hitting my accounts this past month has helped but it seems like there is nothing stopping this upward trajectory. I have a pretty sizable international allocation and I saw an immediate hit to my account once brexit hit (around $7k). Fortunately I got paid and was able to invest a small amount while it was down and international equities have recovered a bit since the news. As I logged into my Vanguard account to make my purchase I noticed a prominent banner stating “Thinking about making changes to your portfolio after the “Brexit” vote?” Good ol’ Vanguard, always looking out and protecting us from ourselves.
Regardless, this volatility was a great gut check for me and seeing my accounts take a hit didn’t phase me one bit. Beyond that news it was a very normal month for us. Work on the rentals is finally coming to a close with new tenants moving in tomorrow and we have been prioritizing summer fun.
Note: if you’re just joining us you can view my most recent net worth update here.
Mr.QCI Net Worth
P2P Lending: $23,924 (+$676) – I added $500 to my account this month
401k: $30,319 (+$1924)
Vanguard Rollover IRA: $68,909 (+$1111)
Vanguard Roth: $24,285 (+$60)
Vanguard Taxable: $66,364 (+$3341)
Individual Stocks/Other Investments: $2012 (-$210)
HSA (amount invested only): $9,357 (+$721)
Total Investments: $225,380 (+$7833)
Assets (Zillow estimated): $388,359 (-$15,435) – I don’t necessarily trust Zillow estimates, but this is what I am reporting for now. I continue to make minimum payments on all of my mortgages. You can see my real estate holdings here.
Liabilities (3 Mortgages): ~$254,321 (Updated: June 2016 – I plan to update this every 6 months or so, but I pay down about $6,000 of debt every year)
Net Worth: $363,418 (-$5923)
Miss QCI Net Worth
401k: $43,377 (+$1823)
Vanguard Roth IRA: $24,160 (+$175)
Rollover IRA: $3,642 (+$9)
Vanguard Taxable: $52,936 (+$908)
Total Investments: $122,292 (+$1092)
Net Worth: $125,292 (+$1092)
Miss QCI, my wonderful significant other continues to crush it as well. She puts 50% of her income into 401k (the max allowed by the company) and still has room to invest in a taxable account – amazing!
Investments (what really matters): $347,672 (+$8,925)
Projected retirement income (assuming 4% rule): $13,906
Net Worth: $488,710 (-$4831)
As our investments continue to grow, hitting our goal of $400,000 certainly is possible. We need an average of about $8,000 in contributions and gains each month. Unfortunately, the end of the year usually brings an increase in expenses due to property taxes. However, a possible bonus and increase in salary may help boost investments in the coming months.