September 2008 Net Worth Report (-$9,601)

Oct 01, 2008 @ 08:10 am by EMS

For the first time in my adult life, I can say that my net worth has decreased to below what it was 12 months ago.

This month has been killer, as I’m sure that it has been for pretty much every investor.  It is by far the worst month since I’ve stared the site.  Obviously, the most damaged parts of my portfolio are my retirement accounts.  They accounted for over $10,000 in losses.

As far as positives go, we did manage to save close to 20% of our take home pay, making September the least expensive month so far of 2008.  This is especially significant in that we had a few major household purchases this month.

What to do now?  I’m just going to have to ride it out.  After some portfolio rebalancing, I’m comfortable with the amount of risk I’m taking on in the market.  Retirement is a far off thought, so the market hits really haven’t hit us in our daily lives.

I’m not a fan of the bailout, I believe that the financial markets took on way too much risk and they knew what they were doing.  The taxpayer should not be held to pay for their mistakes.

September 2008 Net Worth

September 2008 Net Worth

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