by Monthly Net Worth Update – May 2017
See My January net Worth Update Here
See My February net Worth Update Here
See My March Net Worth Update Here
See My April Net Worth Update Here
I have decided to change the way I produce my Net Worth Updates. The previous updates were a little hard to follow and the table was just overall messy. These Net Worth Updates will be a lot easier to follow, graphical and may have a little less information just for my own personal sake. May 2017 was an alright month for me, not quite as good as I thought it might have been, but it was overall positive. My debts are lowering every month and my assets are increasing every month, so overall that means my net worth will increase! Let’s keep the net worth going up and continue to produce great results.
Net Worth Update – May 2017
Below you will see my Net Worth for the month of May 2017.
My Net Worth increased by a reasonable 6.64% overall. Debts were slightly decreased and assets were increased. Most of the net worth increase came from cash savings and additions in my Stock Portfolio. This is an increase of $2,237.54 in the month. I was hoping for a little more but an increase is an increase. Hoping to continue increasing this for the rest of the year.
Total Forward Dividend Payments
I was able to purchase another lot (744) of WAM Research. I like this company, it has had spectacular results over the past many years and looks to continue to produce great results. This is more of a long term hold for this stock as they pay out a large dividend every year, this combined with the DRIP will increase the value of the portfolio and increase the total income that comes from said portfolio. Because of this purchase, it has pushed my total forward dividend payments per year to a little over $500 a year, yet another milestone for me!
How did your month of May go?
Congrats and great results on lowering debt an increasing net worth!
One piece of advice I will give is to not duel too much on tracking net worth month-by-month as it can fluctuate a lot due to stock market fluctuations and can trigger both positive and negative emotions as you see your net worth go up and down. Instead focus on reducing or eliminating debt and growing investment income, if you do these two things, the net worth will take care of itself.
I try to avoid looking at my net worth too often. I do track my dividend income regularly as it does not fluctuate based on market conditions.
Best,
Mr. ATM
Thanks Mr. ATM. I do this to try to keep myself accountable. My stock portfolio doesn’t consist for a huge amount of my overall net worth so the fluctuations will make it go up or down. I do not hold too much emotion on my total net worth, its just more of a tracking system for me is all. Thanks for the comment!
I agree with Mr. All Things Money. I track my net worth over time, but I don’t think it’s a meaningful number (especially with real estate and stock market assets). Instead, I focus on the things I can control: debt paydown, investment contributions, and savings rate.
My May was pretty good overall 🙂
Have a good one,
Erik
Thanks for the thoughts Erik. I don’t put too much thought into the tracking of my net worth. While I do like to see it grow over time, it isn’t a be all and end all for me. Cheers
BHL –
Heck yah! Almost a 7% increase in one month is amazing – you are on the fast track and if you keep that up – one year from now you are going to astound yourself. Keep it up over there!!
-Lanny
Thanks for that Lanny. I hope I can continue to keep increasing my net worth over the next few years. Until the end of the year I should have some good runs and then it may slow down due to potentially buying a house and moving in with the GF! Cheers
Sometimes, less is more. It works in your graphs, I like the layout and easy to read. Nice growth this month. Every little bit counts!
Thanks DD, appreciate it! I like the new look, I think it looks a lot cleaner and smoother overall, cheers.
Well that’s one heck of a month BHL – congrats and you deserve a nice pat on the pack! Hopefully these results are inspiring you to keep on fighting, scraping everything you can do to keep on improving your net worth.
Congrats!
Bert
Thanks Bert, I am always trying to do everything I can to make my future brighter, thanks for commenting.
Nice job BHL, a great month and a great graph 🙂
Mr DDU
Thanks Mr DDU, appreciate it. Keep up the good work over there!
Very nice numbers indead, keep it up!!!
Thanks Dolphin, same to you!
BHL, I like the graphs. Also, good job getting 6.64% overall increase. More importantly is the fact that your assets are increasing and debts are decreasing (even if slightly), so both are moving in the right direction.
Thanks Div Portfolio. Hopefully over the months it can continue to keep ticking upwards, no matter how small. Cheers.
You’re well on your way to hitting the next milestone of 50k. It’s awesome to see such growth this early on in just one month!
Thanks TITM, I really hope it can continue to grow for many months and years to come. Cheers
Love the upward trend! You are doing really well. Just keep that momentum going 🙂
Thanks CF! That’s the plan, lets just hope it can continue upwards! Thanks for commenting.
Have to agree with all of the others. Like the graphs and keep the big picture in sight!
Thanks Charlie! Cheers.
Love that upward trend in your charts. You’ll reach that $50k milestone in no time. I do second the comments about not keeping too much of an eye on the month-to-month fluctuation. The market can act very irrationally over the short term!
I agree, thanks for the comments. I am really hoping to reach that 50k mark pretty soon. It’s a slow and steady race but I am in it for the long haul. Cheers
A little late to the party, but congrats on the nice increase. Our May was pretty solid, not 6.64% month over month solid, but we did pretty well.
It’s never too late to join the party! That’s great, I’ll take a look. 6.64% sounds a lot but not when my net worth is so low. Thanks for stopping by.
Congrats on that increase! 6% in a month is impressive!
Thanks for that. Any increase is a win!