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.

4 comments:

Chicky said...

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

1MansMoney said...

Thanks Chicky. We really appreciate that.

-1MansMoney

Budgets are Sexy said...

Oh yes, keeping the jobs are SO good these days...sucks 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.

-1MansMoney