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.
Note: if you’re just joining us you can view my most recent net worth update here.
October was a slow month for investment contributions. I had a significant amount of work expenses that went on my personal credit cards to earn rewards. Due to there being a lag time between paying my credit card bill and reimbursement I’ve had to hold a little more cash in my accounts which is reflected below. Usually I stick to $4000 in cash at any given time. For what little money I would have had to invest I was reluctant to invest the money with the unknowns of the upcoming election. (I know, I know, market timing, shame on me…)
On the plus side, that will be sorted out next week and I plan to invest some money next week. November and December are usually light investment months due to the fact that I begin saving my paychecks for my property tax bills both on one of my rentals and my personal residence (around $4,800). I also like to max my Roth IRA out early in the year so I try to save for that as well. Not surprisingly my accounts where I make regular contributions like my 401k and HSA remained positive from last month while my other accounts showed losses from last month.
Big news for the month was Miss QCI received a surprise $4,000 promotion after getting back from our vacation to North Wales (above is a picture I took standing on the Menai Suspension Bridge as we walked back to our Airbnb).
Mr.QCI Net Worth
Cash: ~$10,000 (+$6000)
P2P Lending: $26,228 (+$1,086)
401k: $37,458 (+$722)
Vanguard Rollover IRA: $68,374.97 (-$2,385)
Vanguard Roth: $24,614 (-$739)
Vanguard Taxable: $77,900 (-$1,739)
Individual Stocks/Other Investments: $2,108 (-$191)
HSA (amount invested only): $11,421 (+$340)
Total Investments: $248,163 (-$2,846)
Assets (Zillow estimated): $370,667 (-$12,010) – 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: $374,509 (-$8,856)
Miss QCI Net Worth
401k: $51,853 (+$548)
Vanguard Roth IRA: $24,363 (-$580)
Rollover IRA: $3,690 (-$111)
Vanguard Taxable: $55,017 (-$1,652)
Total Investments: $134,923 (-$1,795)
Net Worth: $140,923 (+$1,205)
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. The company she works for now offers after tax contributions which will allow her to roll over those after tax contributions into a Roth IRA once she leaves the company. I learned about this from the MadFientist who has been a great resource over the years.
Investments (what really matters): $383,086 (-$4,641)
Projected retirement income (assuming 4% rule): $15,323
Net Worth: $515,432 (-$7,651)