At the end of each quarter I will publish a Net worth update. This helps me track my own progress and keeps me motivated on my investing journey. I have been tracking my Net Worth since 2013, but this is the first time I am writing a post about it.
Stocks and cooperatives 53 719 € (-4 984 €): Market has been really volatile for a while now. I don’t mind seeing stock market drops once in a while, because a little panic usually brings good buying opportunities. During the fourth quarter I purchased stocks with 3 403 € and my portfolio still dropped about 8 %.
P2P loans 3 906 € (+155 €): No big changes here. I purchased some P2P loans in July and have reinvested the loan payments after that.
Cash 7 771 € (+3 124 €): We moved to a new apartment last year and renovated our kitchen and sauna as they were original from the 1980’s. These renovations were tax deductible and I received a 2 900 € tax refund in December. This was the largest tax refund I have ever received and it was a nice boost to my cash savings.
Apartment 129 000€ (+0 €): My share of our apartment. I don’t change this estimate every quarter, because it is hard to evaluate the exact price.
Mortgage 78 093 € (-1 712 €): Fixed monthly payments. I did not make prepayments during the quarter, but fortunately the interest rate has been below 1 % for years now.
Housing company debt 1 710 € (-90 €): The new apartment had about 3 000 € of housing company debt when we moved in. We wanted to pay off this debt immediately, but that would have cost an extra 200 € in handling fees, which was almost 10 % of the total amount. The interest ratio is only 1 % at the moment, so we decided to pay it off in monthly payments.
Net Worth 114 593 € (+70 €)
Well, as you can see the Net Worth did not really change during the fourth quarter. I am actually a bit of surprised that it did not decrease, because the stocks have been dropping for a while now.
In future, you can access my older reports on Net Worth-page. Since this is my first update, there are no other reports at the moment.
Merry Christmas and thanks for reading!
How was your Q4? Please share your thoughts in the comment section below!