It's the middle of the month, so I'm doing my usual look at my finances. Just a few minutes ago I logged into my 20+ financial accounts and update my Excel spreadsheet. It's a lot of work to have 20+ financial accounts, but each of them serve a purpose. Overall, I ended up losing $300 this month. Considering that I have some money owed to me that's a little late in coming, I could have been even this month. I finished with $213,031.05.
Here is a quick breakdown of this months results:
- My retirement accounts got hit to a $4,000 loss. This is on top of the $5,000 loss last month. It's possible that my wife and I make too much for a Roth IRA for 2007. And since I don't have a day job anymore, I'll have to look into a SEP-IRA.
- This month, my spare cash took a hit as I bought $5,000 worth of private stock. In my accounting I decided to count this as worth what I paid. It's supposed to be worth 3 times more than that, but since it's not stock that I can sell, I can't use that price. If I was really conservative, I would count it as nothing - assuming that the company goes out of business. However, I think it's a wise investment so I don't want to discourage that with strict accounting.
- I made up for retirement losses with spare cash.
I have to say that I'm extremely happy with how this month went. I didn't expect to be able to weather the stock market losses without a typical day job. It's a huge milestone for me.
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