Corona Stocks a year later

The stocks have done very well a year out. I wish I would have purchased more though but I am glad I bought what I did! I went in the end of February with two $300 purchases and then the market continued to decline so I change the increments to $100 and just made them more often. Timing the market is pretty much all luck there is no way to really know where the bottom is or the top. I feel like this experience has better prepared me for the next drop in the market. There is a lot of emotions tied to purchases and/or sales during a down market and learning to ride the wave is important if you want to be a long term successful investor.

Random Ranting

People say it’s only a dollar or it’s only 5 dollars that’s nothing. Well, a dollar bill or a 5-dollar bill isn’t much but when you add them all together, they can equal hundreds of thousands of dollars. I find that mind set plays a huge roll in whether or not someone is a saver or a spender. I hold a high value on all money not just what most people consider a lot of money. I have always been pretty thrifty but I think the older I get the more creative ways I am finding to make a little money go a long way.

Recently we had visitors over and we were ordering pizza. I was trying to use a $5 promo code but it wasn’t working. I was a bit annoyed but my guest was like it’s only 5-dollars. I said 5-dollars takes me 30 minutes after taxes to make and I think it is a lot of money. My guest makes $8.75 an hour so how can $5 be nothing? I can’t even grasp this concept. I am some how the odd man out though always have been. If this subject interest you check out this blog post by Mr. Money Mustache https://www.mrmoneymustache.com/2011/08/01/a-millionaire-is-made-ten-bucks-at-a-time/

The saver’s mind apparently strains relationships. My sister is complaining to my dad that I don’t even wash my hair because I’m too cheap to buy shampoo blah blah blah. I have like 6 bottles of shampoo and conditioner in my bathroom at this moment in time. I didn’t stop washing my hair with shampoo because I’m too cheap to purchase it. How close minded can people be especially when I explained why I was trying this no shampoo method. After my conversation with her about the shampoo she took me off her YouTubeTV account which of course didn’t cost her any extra but she just hated that she was helping my thrifty ways.

Wow I’m really on a roll…

Is anyone else concerned with how much money our country keeps printing? I had a customer this past Saturday stop in and we chatted about our concerns for our national debt. I’ve actually had this conversation with several customers and I never bring it up.

March 2021 Net Worth

Our net worth is up $9,535.98. We started budgeting in January 2021 and we had $546.78 rollover from February that we added to the House/Land Fund for a total of $1,957.95 saved in just that fund. Stock market went up overall this month but I am planning for a major correction coming this year. We will invest like we normally do but if a crash happens we will consider investing a chunk of money (max $10k). It’s very hard to invest when everybody is scared but that is usually the best time to get in the market.

February 2021

We saved about 39% of our take home income! Pretty good savings month but not a good stock market month. We started a strict budget in January and so for it is working out. The main thing we cut back on is eating out we use to spend several hundred a month and we now have a strict budget of $100.

I applied for the Fidelity rewards card back in Nov/Dec. I get 2% on all my purchases I auto redeemed it to my roth account but have decided to switch it to our regular (non-retirement) brokerage account which we haven’t invested in, in years. I am trying to switch gears some and start investing in our taxable account so we can have access to it before we are 59.5 years old.

2020 in Review

Year 2020 in review we netted $146,884.61 gain in our net worth. The majority of that came from the sale of our flipped house. We made about $112,653 off of it and the other $34,231.61 came from taxes, stimulus, the market, and good old saving every single month.

Here is our net worth from December to January with an increase of $16750.62; $2,400 came from the stimulus package, $5,000 from our escrow, some savings, and the rest of it came from the stock market increase.

December 2020 Net Worth

We SOLD our house!! Here’s the breakdown:

We did pay $36k off the mortgage but I left that out of this chart because we receive a housing allowance that is $2140 our mortgage was $1,300 if we had not bought we would have been paying all our housing allowance out in rent. So we saved that 36,000 only because we purchased the house instead of renting.

Our net worth increased by $83,700 since October that doesn’t account for the $1k prorated insurance and our $5320.11 in escrow. We essentially doubled $100,000k investment which is not reflected here because our net worth in October accounted for the equity we had in the home which was roughly $36,000.

October 2020 Net Worth

This post is a few days late but here it is our net worth is down a bit due to the market. We have decided to put our house on the market and the realtor recommended we list at $375,000 she thinks it will go very quickly. It’ll hit the MLS Monday…I’ve been searching for rental houses so hopefully we can get everything aligned when the time comes.  Maybe if it sells at what she thinks we will end up in the 400k for net worth which would be nice.