After my last post, you didn’t think I was stopping net worth updates did you?

7/31/2022:
401K:  $155,364
Roth IRA:  $22,084
M1 Acct:  $6,212
Buffer Fund:  $2,502
HSA: $2,879
Total: $189,042

7/1/2022:
401K:  $141,729
Roth IRA:  $19,926
M1 Acct:  $5,251
Crypto: $0
Buffer Fund:  $2,302
HSA: $2,788 
Total: $171,997

The market has had a bit of an uptick, I’m up 9.9% for the month. Most of my investment contributions are on autopilot by design. This is promising but I still feel like there will be a drop with rumors of recession looming in the shadows. Compared to a year ago I’m up about 10.5%. Trying not to look at the numbers too much but I’m up at least. August 2020 my net worth was only $95k, that’s still almost a 2x increase. My M1 account is up 22.95% all-time right now, only 1.34% down in 1 year. Maybe I’m a better stock picker than I thought? I really like picking a couple companies I like, a few dividends, and an index fund.

Debating whether to add the money I’m setting aside for the car / home down payment here. I probably will next month because both are relevant to my overall net worth. So far my 401k lower contribution amount hasn’t kicked in yet. My higher $1134 rent payment just kicked in, from the older $955/mo amount. Still close to dirt cheap though.

The American Dream for many has become the American nightmare and nothing I do is 100% set in stone. If the tax credits completely go away for the i4 I won’t buy it. Not paying $10k more when I really don’t have to. Houses especially older ones can suck up a lot of money in repairs. A friend purchased a home last year and already she has something come up requiring $21k of repairs. My stepdad pays close to $12k per year in taxes on a house he recently paid off and says he’ll sell this year. Maybe one of these thousands of new homes being built will drop because people stop buying them. Almost time for brunch. Be well!