Net Worth Update – December 2015

You may also like...

8 Responses

  1. Wow! That is a huge jump over the last half of 2015! Nice job!

    • tom says:

      Thanks, although I am cheating a bit in the second half of 2015. I sold some untracked shares and that is now sitting as cash waiting to be redeployed. Unfortunately I don’t think it will happen again. But my goal is for an increase of $100k in all of 2016, so anything around that and I will be happy.

  2. DivHut says:

    The Accidental Millionaire should be the title of your book. Congrats on this great milestone. Always nice seeing your assets continue to appreciate in value. Thanks for sharing your net worth update. Look forward to seeing how 2016 unfolds for you.

    • tom says:

      Book… eep – I think for 2016 I will just focus on keeping the blogging up. I think I managed a total of about 5 posts in 2015. Possibly one day. I do like writing.

  3. A very nice nice position/update. To answer the question you pose about property..I don’t think property will be a large point of wealth in my life. The rental yields are very low at the moment, I can’t see rents rising much over the next few years. It takes a huge amount of capital to make any investment in direct property and you have to take on debt too. As long as you invest in the right companies, I think shares are a better option for me with all those points I raised.

    Tristan

    • tom says:

      thanks Tristan – I know what you are saying and agree with the current rental yield. I also look at that high blue line and want it to “balance up”. I suppose the reason I want to be positive in property is to be able to capitalise on one of the price spikes (http://www.rba.gov.au/speeches/2008/images/sp-so-270308-graph1.gif) by selling (and not my house). It is also a more stable method of leverage than margin lending with shares (and again I like the potential leverage can provide – at a controlled level). Although I do like the incremental nature and liquidity of shares. I suppose what I am saying is that at some point I will buy a rental, this is the first year I have been in a cash-positive (enough) position for that so I thought I would start looking. If I do find something out there everyone will know about it shortly after 🙂

  4. I really enjoy the way you’ve shown your information in your graph and may do a presentation in a similar fashion, being the break-out between asset classes. It makes me realize I may also want to present it by industry classification, as my exposure to real estate (direct through ownership) and indirect through mortgage lending, REIT investing, etc. is high.

    It is great to be able to read a blog and understand someone’s approach as it relates to your own and be able to modify accordingly.

    Congratulations on the milestone and I look forward to seeing more in the future.

    • tom says:

      Thanks Mr Happy 🙂 I try and make understanding a priority as my thoughts often come out in a jumbled mess. I then get my partner to read over it and we find a way to turn the jumbled mess into a more logical order. Next post is almost ready, but had a pet die which has caused some tears and short term priority changes.

Don't agree with me? Tell me why. I'm always happy for a debate... and the comments are moderated ;)