Well, I wish this were an April Fools joke but I think we all know what’s coming 🙂 I can only say I’m glad the markets bounced back a wee bit before the end of March or this post could have looked much worse! My KiwiSaver looked like it was in danger of dipping below $18k at one point. As you’ll see below, that didn’t end up happening.
A few things to note:
- We actually put a bit of money into Sharesies in the past month, without which our balance would be much lower. It just happened to be that we had this money available while shares are “on sale” as it were. So hopefully we’ll get some good returns on it when the market bounces back.
- I haven’t changed the value of our holding in Eat My Lunch as there is no way to measure variations in that.
- As I’ve noted before, we value our house very conservatively. So while we haven’t seen any major decreases in property values in NZ yet, should that happen I wouldn’t expect any hit to our net worth at all to be honest.
We were hoping this would be the month our net worth would hit the $200k mark, but now we’re back to being a good few months away from that. Mortgage payments and continued contributions to our KiwiSaver accounts and Sharesies will ensure that happens well before Christmas regardless of what the markets do. Possibly even around mid-year. We shall see.
|KiwiSaver – Mr R2A||$19,414.57|
|KiwiSaver – Mrs R2A||$11,476.30|
|Eat My Lunch||$500.00|
That’s a decrease of $5,457.04 or 2.73% from last month. In actuality, our net worth is still ahead of where we were in December. So I can’t really complain. It’ll be very interesting to see what the movement is in the coming month.
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