Friday, October 3, 2014

Third Quarter Net Worth Report

Alrighty, it's that time of the year again when I crunch our numbers and assess our financial performance, if we've been naughty or nice with our finances. Thankfully, we didn't go through any more shake-ups this quarter, as we focused all our attention on trying to gain our footing back after buying the condo unit next door. In short, the last three months have been about rebuilding and recovery, kind of like cleaning up after a big earthquake.

There was practically no movement on our assets because whatever gains we had from our investments were offset by the sale of my AC stocks, the proceeds of which I used to pay off a credit card debt. I didn't top up my FAMI-SALEF at all these past few months because the priority was paying off some personal loans. Despite that, my FAMI-SALEF still posted an itty-bitty gain of 3.8%. I was able to top up my Sun Life Balanced Fund once (as per schedule) and I'm pretty happy with the results since it increased by 11.3% from the last quarter. Sweet!

The big surprise though was the cash surrender value from my Sun Life VUL life insurance. I've been paying it for 3.5 years and the CSV is already 75% of the total premiums I've paid (or probably even more because I missed one premium payment and that was deducted from the CSV). Of course I know that if I bought term and invested the difference, the gains would probably be more, but I didn't know about term insurance back then, much less investing, and since I've already bought a VUL policy, paninindigan ko na ito.

While our asset performance may have been lackluster, the decrease in our liabilities reflected our efforts at chipping away at our debts. Between fully settling my debt to my brother, starting to pay off my parents and continuing with our mortgage payments, our liabilities went down by 3.77%. This was the main reason behind the increase in our net worth by 3.79%, even if our assets hardly moved at all.

Comparing this quarter's chart with last quarter, we can see that the asset distribution barely moved at all, with the only real change being the increase in savings from 2.5% to 3%, and the decrease in investments from 7.5% to 7%. My ultimate goal is to bring down the real estate percentage of our assets between 40% to 50%, with investments taking a minimum of 30%. Wouldn't that be loverly?!

For now though, we'll continue socking away cash in our emergency funds, and when we've put away 2 months worth of expenses, maybe I can start topping up my mutual funds again.

* For the past net worth reports, please click here and here.


  1. I remember the time when I would calculate my net worth every month! It was tedious but na inspire ako kasi pa taas ng pa taas! It might be one of the reasons I became uber frugal kasi, whenever I think of spending on something unimportant, I always thought of "ai, pampalaki eto ng net worth ko. Huwag nalang" hhehe. It backfire though coz now, I beat myself up if I spend something na hindi need, kahit $5 McDonald's meal!

    Congrats on the increase of your net worth! Wohooo!

  2. Thanks! Before you know it, I wold have made my first million in stocks too like you! Woohoo! :)

  3. Wow galing! At very detailed talaga :)

  4. Btw, I always want to post a comment after reading your posts but most of the time, I find it challenging to read/understand the captcha and I always end up not posting it at all because it would also say I entered the wrong characters. But now I noticed that it's much easier na with all the numbers :) wala lng, napansin ko lng. hehe

  5. hi mam jill, sarap namang basahin ng post mo about asset & investment, I hope next year magawa ko na rin to. God Bless!!!!

  6. I know what you mean, I sometimes get the captcha letters wrong too when I post in other blogs. Good thing nga that they changed it to numbers.

  7. Ikaw pa! I'm sure you'll see your net worth go up and up in the future. With your focus and determination, that's a given na :)