December 1, 2008

November 2008 Net Worth Update (-$121.89)

Ouch, another down month for our net worth, but not by much. It decreased $121.89 from October to $35,177.21 (click on spreadsheet below).

What worked:
We both still have our jobs, even with my company laying off 15% of its employees in October. We were able to deposit $715 into our savings account, but pulled $1,169.14 out for our condo tax payment. Thankfully, this was a planned expense that we have been saving a little for each month. We sold our 15 shares of Toyota Motor Corporation (ticker TM) stock for $82/share, a 26% gain after holding it only 19 days. We purchased another 15 shares of the stock when it dropped back to $65/share the next day and are still holding it.

What did not work:
Once again, our retirement accounts declined. We were down $518.56 from last month, even though we contributed a total of $1,013 to our 401(k)s and Roth IRAs this month.

Next month:
My wife will learn more about her employment situation in mid-December. Her company is having a big shake-up, and it’s possible that her position will be eliminated. We’re prepared, but please pray for us that this does not happen.


Anonymous said...

I hope she doesnt lose her job. You guys on my prayers.

1MansMoney said...

Thanks Chicky. We really appreciate that.


Budgets are Sexy said...

Oh yes, keeping the jobs are SO good these about losing a little, but don't you worry i have a great feeling that 2009 will make us allllll happy :)

(and no, i don't have any facts to back that up. haha...)

1MansMoney said...

J. Savings - After posting our net worth, we found out my wife will be losing her job 1/1. It's a bummer, but we're faithful that everything happens for a reason. I hope 2009 is a great turn around year for all of us.