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Net Worth Going in the Wrong Direction

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For the third straight month since I've started really keeping track of my net worth, it's gone down. While that is scary, a closer examination shows that I'm losing money in my retirement accounts due to a weak stock market. Considering that I don't plan to access this money for 35 years, I'm not going to worry too much.

Most of my net worth is in three areas.

  • My Home - Equity there is about 40% of my net worth.
  • Retirement accounts - They are about 45% of my net worth.
  • Cash and equivalents - (ING, Prosper, even my mutual fund is in here) accounts for the rest.

That last third portion isn't really doing a whole lot as it's not invested in large growth areas. I really need to start focusing on just saving more money.

Last updated on May 26, 2008.

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