July Net Worth Report

In Investments, Monthly Net Worth Reports by Shlomo FreundLeave a Comment

Here is my monthly post of our net worth progress. I'm sharing this to show how important it is to track your net worth and seeing the progress. You can also learn of what works and what you should change in your finances. So, here is my analysis for the month.

Ok, so we are back on track. These were a few difficult months of decline in our net worth.

I didn't release the report last month but practically there was almost no change (-0.013%) from June. But the months before showed a general declining trend. So, now we are at a record high of our net worth. The last peak was February.

I added in the calculations right now the profits of our UK investment. This what caused our nice bump up in net worth this month. However, overall on that investment, we lost a bit because of the BREXIT I couldn't anticipate and therefore the drop of British pounds vs. the Israeli Shekel (which is the currency I'm using the most). I'm now working on a separate post to analyze that investment, so you can learn from that too.

Let's dive into the details:
Our US stock portfolio went up a bit. The exchange rate stayed the same. So, this means that the portfolio actually went up.
Israeli stock portfolio is still not doing great. And to be frank, if we hadn't had that extra cash coming in from the UK investments I would have reported here on a slight drop in our networth.
My insurance savings haven't changed much.
Bitcoin is back up and even Hashflare are back mining even though it's not consistent. But at least something is happening.

Here is what you should take from here:
The most significant thing for me this month was being able to analyze my UK investment which ended. I tried to think if I could do something better and avoid that investment in anticipating the BREXIT. I checked and the government that pushed the BREXIT got elected a few days after starting this investment. Learning about the politics in the UK, and anticipating the risk that might happen ahead of that is really hard. I think that going into such details will get you into analysis paralysis mode and eventually you won't invest in anything. So, this goes to the black swan category as far as I see it.

Do you track your net worth? What insights did you get recently?

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