April 2007 Net Worth Update
It’s posted now, and the graph has changed. It’s been available for a few days, but I didn’t have any time to think about what the numbers really meant.
The bottom line is that I am not making much credit card progress again. The main reason is that I had to charge my Oracle class to my credit card and wait for my company to reimburse me. I am waiting right now to find out if I passed the course. I took the exam on Friday afternoon and the results will hopefully come back to me in 15 days. If it does, I can submit it and get reimbursed before the end of June. But I am not holding my breath on all that. Sorry NCN, my graphs probably won’t be changing much for the next 90 days.
My retirement accounts are making good progress, even though I did cut back my 401k contribution by a few percentage points. That’s primarily due to some IRA contributions I wanted to make for 2006 to reduce my taxable income even further. I am going to have to think about doing that again so that the 2007 numbers are good and qualify me again for the Arlington Count property tax credit. I am lucky that my income keeps on rising. The county has a rising income ceiling on the tax credit, but I have yet to bump into it, so it’s a mixed blessing that I make so much/so little.
I also flushed one of my mutual funds because it was a US bond fund. Because I have some fund minimums I am trying to meet to avoid a fee, I decided to sell off that fund and reinvest into one of two low balance funds I need to bulk up. I realized that the balances were so low that I could be negating all my gains by the fees I was incurring, so I pulled the trigger and flushed the bonds in favor of a small cap fund. (More on this subject later this month, I promise.) (Was that just a bad mixed metaphor? Should I have written ‘pushed the handle and flushed the bonds?’)
That’s it for right now. Not much else to say at the moment. I’m too busy catching up from being out of the office last week.
moominoid wrote:
You can put the reimbursement down as a “receivable” in “other assets” and the number will reflect better the true position.
Posted on 07-May-07 at 8:22 am | Permalink
Flexo wrote:
That’s what I do for “reimbursable expenses…” I have an asset account called… “Reimbursable Spending” or something, so it’s separated from my cash position but still considered in my net worth.
Posted on 07-May-07 at 8:33 am | Permalink