Comments on: Net Worth Update July 16, 2008 [$102,416.87(-9.57%)

By: Carnival of Financial Goals | rocket finance

Carnival of Financial Goals | rocket finance — Thu, 04 Sep 2008 04:48:38 +0000

[...] Hank presents Net Worth Update July 16, 2008 [$102,416.87(-9.57%). [...]

By: 22nd Carnival of Making REAL Money - August 18th 2008 | Blog Carnivals

22nd Carnival of Making REAL Money - August 18th 2008 | Blog Carnivals — Sat, 16 Aug 2008 13:45:58 +0000

[...] presents Net Worth Update July 16, 2008 [$102,416.87(-9.57%) posted at My Investing Blog. This is a relatively new blog on the block, but the writer is highly [...]

By: Carnival of Financial Learning #11 | Financial Learn

Carnival of Financial Learning #11 | Financial Learn — Sun, 10 Aug 2008 18:29:45 +0000

[...] presents Net Worth Update July 16, 2008 [$102,416.87(-9.57%) posted at My Investing [...]

By: Weekend Reading Assignments For 20-Somethings Who Care About Their Future And Their Money | 20s Money

Fri, 25 Jul 2008 11:41:43 +0000

[...] good friend Hank at My Investing Blog does a great job of tracking his net worth. This is a great exercise for anybody to begin doing. Take a look at his spreadsheet he uses and [...]

By: Vered

Vered — Tue, 22 Jul 2008 20:01:22 +0000

I agree: it's temporary. I love reading your updates! They're inspiring. Vered's last blog post..I Need Your Support Today

By: Aaron Stroud

Aaron Stroud — Tue, 22 Jul 2008 19:59:01 +0000

Falling stock prices are a wonderful thing if you still have a lot of accumulating to do. I’m reading a pretty dense book* right now about the stock and bond markets from the past century. It’s fascinating how cheap stocks have been in the past, considering their relatively high prices today.

Of course, we might look back one day and long for the “cheap” stocks of the 00′s or we could have a decade or two of dropping prices which would be a great opportunity from my perspective.

*The Trouble With Prosperity by James Grant

Aaron Stroud’s last blog post..The real cost of that hamburger, movie, or kid

By: Kevin at 20s Money

Kevin at 20s Money — Tue, 22 Jul 2008 18:49:13 +0000

Any account with diversified holdings such as mutual funds, for the most part, have been killed in the last few months since they simply follow the market.

As a person in my 20s, diversification isn’t my goal. However, with most 401(k) plans you don’t have a choice and a 401(k) is a great thing to participate in.

I’d recommend focusing on a few key stocks in your Roth to try and avoid similar performance.

Other than that, your net worth analysis is fantastic and you’re on your way to some serious wealth. As you said, no sense in sweating the short term fluctuations. Stay focused on your long term goals!

Kevin at 20s Money’s last blog post..20s Money Portfolio Update: Bought Apple at $148.90

By: Ryan @ Smarter Wealth

Ryan @ Smarter Wealth — Tue, 22 Jul 2008 11:53:02 +0000

It is always a bummer to see your net wealth go down during any period of time. Especially down a significant amount like 10%. This year my net wealth has shrunk about 90% (but this was because of sickness, study and generosity). Now I am building up my net worth again and I begin to become a more successful entrepreneur. Good luck next month I look forward to hearing the results Ryan @ Smarter Wealth's last blog post..Book Review: Sydney Entertainment Book