Net Worth Update, December 2016

I didn’t do one of these in November, due to my post-election lack of interest in money, and I just wrote a big spending analysis for the year. So rather than doing my normal monthly spending analysis, I’m just going to put the chart in comparing where I’m at right now (December 24) to where I was on October 31.

Obviously, the tremendous improvement in the markets over the course of November and December helped a lot. I made some changes to my investments yesterday — basically, I’d been 100% in stocks, and I decided I didn’t want to do that right now, and moved some into bonds — so even if the market keeps going up after New Year’s I won’t see this kind of growth. I’m ok with that.

To be honest, because the market feels ridiculously overvalued right now, I think some of this is phantom. Phantom or not, however, I’m ending 2016 with a net worth of $57399.43, an increase of $23119.20 for the year. This beat my goal of $22,000, though it didn’t quite make it to my secret goal of $24,000, or an even $2000/month. Still, in a year which ended up being a lot less stable, income-wise, than I wanted, and simultaneously a lot spendier than 2015, I think this is pretty good. Hopefully half of it won’t disappear in a stock market correction in January 🙂

7 thoughts on “Net Worth Update, December 2016

  1. Mariana says:

    $23k in a year is awesome!
    I got a new job last June (which I hate as it turns out) but that came with enormous salary increase so my NW increase this year was $55k.
    I am planning on maxing out my 401k for 2017 in 5 months and look for another job starting in June 2017. I will happily take a small salary cut in exchange for healthy work environment.

    1. 🙂 Well, they don’t pay ya the big bucks for nothin’! Unfortunately, more money often equals more stress. Congrats on the salary explosion, Mariana. I hope you find a better work environment that ALSO pays big bucks.

    2. thesingledollar says:

      Oof, that’s rough. I’m glad you made a lot of financial progress but having a job you hate is just not worth it. Good luck finding something that suits you better.

  2. That’s some good news! $23k is a big bump. I agree with you about the overheated market. I’ve also been worried about it for a long while now. It’s like we all know where this road is going to end, but no one wants to make the turn. In any event, congrats! 🙂

    1. thesingledollar says:

      Yeah. I feel like the odds of a giant bubble forming and bursting during the next presidency are…high. Very high. Well, we’ll see!

  3. Hey there. 🙂 I was wondering if you were planning to keep posting. I can totally relate to a post-election lack of interest in money… I’m feeling a bit more interested these days than I was, but still unsure about how/whether to write about any of it. But anyway, that’s a pretty cool year-end increase! I’ve started tracking my net worth in my spreadsheets recently as well.
    Happy New Year!

  4. Congrats on the YoY increase! 23k is awesome. You’ve made some serious progress.

    I agree that the markets are bit too hot to handle right now. I’m loving the growth in my accounts but I’m also bracing myself for the tides to turn. Love the balances while you have them, right?

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