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December 2010 Net Worth

January 1st, 2011 at 06:25 pm



Notes:

1. "Cash in bank" is a summation of all cash accounts.
I keep the bulk of my cash at Ally to earn as much interest as I can.

2. "Trad IRAs" is a summation of my traditional IRA and my SIMPLE IRA, my employer's plan. These have the same exact purpose, providing monthly income post-retirement, so I view them as one pot of money.

3. I use Zillow to estimate my home value and Kelley Blue Book to estimate my car value.

Posted in Net Worth | 3 Comments »

3 Responses to “December 2010 Net Worth”

  1. Looking Forward Says:
    January 1st, 2011 at 08:38 pm 1293914333
    1293914333

    Happy New Year!
    Smile

  2. Single Guy Says:
    January 1st, 2011 at 11:26 pm 1293924366
    1293924366

    If I understand what you have listed here, you are underwater on your house by almost $50,000. Is that right? (I'm not trying to bring up painful items - it just surprised me when I read it)

  3. Petunia 100 Says:
    January 2nd, 2011 at 01:50 am 1293933004
    1293933004

    Yes, that is right. I bought my house in November 2007. I paid 231k. I thought that was a great price, at the peak of the bubble it was worth 425k or so. Now it is worth only 135k according to Zillow. I think that is more or less accurate, judging by local listings.

    It makes me sad when I think that had I waited a few years, I could now buy either a similar home for less or a nicer home for about the same price. But what's done is done.

    I live in the central valley of California. Home prices here have fallen 66% from the peak of 3rd quarter 2006. It's mind-boggling.

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