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2016 summary of finances

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  • Nutria
    replied
    Originally posted by tripods68 View Post
    New Mortgage balance $459,900
    Home Value $442,456.
    Underwater -$17,338K
    They loaned you 104% of the appraised value (which obviously implies $0 DP)?

    Leave a comment:


  • tripods68
    replied
    Net Worth went up $20K from 2015. It ain't cheap selling home and buying a brand new home adding new furnitures + buying a new car paid cash.

    Savings/Retirement up $105K

    Net Worth $483K. I'm shooting for $600K in 2017.

    New Mortgage balance $459,900
    Home Value $442,456.
    Underwater -$17,338K

    The plan for 2017 is to bring that mortgage balance close to $430-435k range.


    No consumer debt.
    Last edited by tripods68; 12-29-2016, 09:46 PM.

    Leave a comment:


  • Singuy
    replied
    Originally posted by MooseBucks View Post
    I'd highly question that you get even half the value of the pool back. How do you get 2x?
    I think its in conjunction with my house being a foreclosure dragging value around me down and a house nearby on the same street just sold for 850k with the same squareft and pool.

    Yeah pool usually yield you 50% of what you paid..but when it comes to high end pools, you can claim it cost 150k or 175k to build it and they believe you(not to mention we got a quote of 150k for the same pool). So I would say my pool probably adds 75k to the property value.

    Leave a comment:


  • feh
    replied
    Originally posted by LivingAlmostLarge View Post
    Feh I'm impressed by the investments of $2M.
    Well, investments are quite to $2M yet, but what we do have has allowed me to go part time this year. Dipping my toes into early retirement.

    Leave a comment:


  • rennigade
    replied
    Originally posted by MooseBucks View Post
    I'd highly question that you get even half the value of the pool back. How do you get 2x?
    That is true with pools. Its always cheaper to buy a house that already has one than it is to have someone install a new one for you.

    Leave a comment:


  • MooseBucks
    replied
    Originally posted by Singuy View Post

    Expenses:
    -110k on a pool/summer kitchen

    House value: beginning of 2016: ~620k
    End of 2016 ~850k (mostly it's the pool)
    I'd highly question that you get even half the value of the pool back. How do you get 2x?

    Leave a comment:


  • LivingAlmostLarge
    replied
    Feh I'm impressed by the investments of $2M.

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  • feh
    replied
    Anything not related to investments (house, real estate, vehicles) changed very little, so I'll just report on our investments.

    Between Jan 1st and today, our portfolio grew $220K. Total return on those investments was just under 10%, which means we contributed about $60K.

    Leave a comment:


  • sv2007
    replied
    Just checked my savings. Noticed that fidelity no longer displays the account value change graph it used to have on my home page (can't even find it anywhere).

    Overall 401k gained 8-9%; IRA gained 15%; taxable under my control gained 15% (not considering tax); RE gained maybe 5%. 2016 has been good to me (I know it's been even better for wife).

    Leave a comment:


  • disneysteve
    replied
    Because of this thread, I started working on some numbers last night. I know it's a bit of a waste of time because I'll have to do it again in a few days but I was bored.

    Assuming the market doesn't crash in the next 48 hours, it looks like we made out reasonably okay. Despite some big expenditures, our portfolio is up about 7-8%. I didn't look at the debt figures. We paid off a car, reduced our mortgage balance, and took out a new student loan so it should be fairly even.

    Final numbers to come soon.

    Leave a comment:


  • LivingAlmostLarge
    replied
    Happy Birthday as well. I'll crunch numbers later.

    Leave a comment:


  • disneysteve
    replied
    Originally posted by Singuy View Post
    I turn 34 today!
    Happy birthday!

    Leave a comment:


  • Singuy
    replied
    I turn 34 today! Gosh time flies..used to age slowly...now every year just goes by so quickly.

    Yearly report.

    NW beginning of 2016
    ~950k-1 million

    Income post tax: ~250k (401k already taken out)

    Expenses:
    -110k on a pool/summer kitchen
    -7k on a used car when factored in the one we sold to replace this
    -~40k in living expenses, vacations, gas, food, electricity, property taxes, everything

    Savings for the year:
    28.5k for Child's prepaid college tuition
    56k in Peerstreet
    24k in vanguard taxable
    18k in 401k
    5.5k in roth IRA
    5k in Lending club
    7.5k in preferred stocks.
    31k of random money that needs to be invested

    Liabilities: 0


    House value: beginning of 2016: ~620k
    End of 2016 ~850k (mostly it's the pool)
    401k Beginning of 2016: ~144k
    401k End of 2016: 187k

    NW end of 2016 ~1.36 million

    Leave a comment:


  • Jluke
    replied
    this year was about debt payoff: 52k and 6400.

    18k and 5.5k to retirement savings.

    sold remainder sets of company stock options (net 15k or so).

    overall cash savings decreased by 20k (I had too much cash on hand so I put it to work, conservatively).

    taxable up a little, roth up a little more than taxable; 401k up a lot more than the previous two.

    just have 9.9k at 1.9% left in debt.

    Leave a comment:


  • corn18
    replied
    Originally posted by Nutria View Post
    Do you claim it as a business expense?
    Can't. Don't have a business.

    Leave a comment:

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