Posted by Tim Stobbs on February 29, 2008
Well it is time again to update my net worth. Please recall I discount my house market value by 8% to cover closing and moving costs if I ever decide to move.
Wife’s RRSP $7700
Wife’s Investment Account $7900
My Investment Account $4500
High Interest Savings Account $5400
Therefore my net worth now stands at $261,700 for the end of Feb 2008. That is an increase of +$46,700 or 21.7% from my last update. WOW! Housing prices in Regina are really dragging up my net worth again.
Well one nice thing about the latest housing price surge is I’m now done one of my goals for 2008. I only expect my house value to increase for 4% in 2008. I’m already now past that and I still have ten months left in the year.
Besides housing my investments took a drop with the rest of the market, not too bad for loses. I’m continuing to sit on my large pile of cash for my parental leave in the spring, which I plan to top up with any tax refund I get this year. Overall our investment net worth is up to $57,000, up $3400 or 6.3% from the end of last year.
For more details see the following graphs (click to see a larger version).