Comments on: Net Worth Update April 1, 2008–$116,557.16 (+10.54%)

By: Financial Advisors Are A Dime A Dozen (Or Less) - Get A Legion Of Them To Help You If You’re Unsure Of Financial Waters | My Investing Blog

Wed, 07 May 2008 08:03:21 +0000

[...] Next in line for racking up free financial advice, how about RIGHT HERE! I’ve more than once said that I’m happy to review your funds that you’re in or interested in and give you a quick no-cost analysis on what I think they are or how I’d deal with them (See FreeFromBroke’s analysis HERE). Again, as my disclaimer says, I’m no professional, but I have a pretty good grasp on where I should be and clearly where I’m going. [...]

By: Carnival of Net Worth #1

Carnival of Net Worth #1 — Thu, 24 Apr 2008 16:42:19 +0000

[...] presents Net worth update April 1, 2008–$116,557.16 (+10.54%) posted at My Investing Blog, saying, “looks like my net worth is going up while the economy [...]

By: naveedsmind

naveedsmind — Tue, 15 Apr 2008 20:02:04 +0000

It's really a great idea to track your net worth in the fashion you do. Although I've been investing and tracking my investments for years - only after reading through your posts did I start to track my own total net worth. I also wrote about it in my blog - a smart idea for everyone to do. Credit due to Hank! naveedsmind's last blog post..Your Personal Net Worth Statement

By: hank

hank — Sat, 05 Apr 2008 00:30:16 +0000

@Slug – I guess I’m unsure of what you’re asking; If you’re looking to withhold your entire paycheck I believe (see my disclaimer here though) that you need special authorization and fit certain guidelines to do so. As far as what they would charge if you didn’t file a w-4, I believe they can charge up to 35% and give 0 exemptions. There is no penalty for claiming more so that you tax bill at the end of the year is 0.

Hope that answers your questions.

@Aaron – Yea, the 8k bump certainly didn’t hurt; but like I told Vered, the amount I put in went up too. My investments themselves flailed a bit, but my salary didn’t, so just more $ went in.

By: Aaron Stroud

Aaron Stroud — Fri, 04 Apr 2008 21:54:28 +0000

That answers my question. I was wondering how much of your 10% bump was due to the refund. Aaron Stroud's last blog post..“I need it” thinking

By: hank

hank — Fri, 04 Apr 2008 18:29:22 +0000

@Vered – it is nice. But I think more than anything it is because I’m putting so much IN to the accounts in the first place. I’m fairly certain if I hadn’t put anything into the accounts last month, I wouldn’t have seen growth, but I’m confident that NOW is the time to get into the market. I think you’ll get some good deals on stocks and mutual funds when the market is low. So I’ve bumped up my contributions as of late… Post coming on this later.

@Aaron – I think you mean splitting it out per month for 12 months intervals? If that’s the case the 8k breaks down to about 663 per month, and that’d essentially drop my “total cash and bank accounts” balance to $7480.16; lowering my total balance from $116,557.16 to 109.077.16 for a net increase for the month of about 3.45% from the previous month (105,440.57)

By: Slug

Slug — Fri, 04 Apr 2008 18:25:36 +0000

I'm working on a like-minded blog article about W-4 adjustment. How did you "adjust" within what is allowable by law? Thanks. Slug's last blog post..Motley Fool Joins Forces with Mint.com

By: Aaron Stroud

Aaron Stroud — Fri, 04 Apr 2008 17:10:20 +0000

How's the percentage change look when you go back and spread the refund out over the course of the year (which is when you actually earned it)? Aaron Stroud's last blog post..“I need it” thinking

By: Vered

Vered — Fri, 04 Apr 2008 15:21:27 +0000

It’s great that your net worth is growing despite the economic slowdown. Just think how much it will grow during the next bull market!

Vered’s last blog post..Top Ten Diet Mistakes