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.