Net Worth Update - 2008 Fourth quarter: Down 7.5%

Our Net Worth report at the end of 2008 was $575,829.

Our Net worth decreased by $46,468 (or 7.5%) this quarter. This decline is in line with that of the overall market, so I am not overly concerned about it.

As I mentioned previously, I plan to stick with a 75/25 portfolio (75% Equities, 25% Fixed income). Due to the recent market decline, the percentage of stocks has fallen well below the 75% target. I haven't done any significant re-balancing yet, but have changed our 401(k) allocations for new money to 100% stocks. Other than that I haven't made any major changes yet, but hope to gradually get back to the 75/25 allocation by the end of 2009.

I have been posting our quarterly Net Worth report for the last two years, but I will take a break now partly because it takes too much work to do this on a quarterly basis, and partly because of concerns about our privacy. I already use Quicken to track our finances, and Quicken does all the tracking that I really need. In addition, I track all our accounts using Fidelity Full View service (provided by Yodlee).

I also realize that I haven't been posting as often as I would have liked. I have been busy with a different project (on an unrelated topic) and find it increasingly harder to post on this blog. I will likely take a break from posting here for sometime but hope to return to more regular posting at a later time. Thank you for reading and subscribing to this blog, and for the many encouraging comments and emails.

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