OMB! MONTHLY UPDATE: DECEMBER NET WORTH: $215,370 (+2.1%)

HAPPY NEW YEAR!!!

2008 was a tough year for most, myself included. I'm hoping we've hit the market bottom though, more or less, and it will be a slow upward churn from here.

December's results are below. For now, the standard month over month data is shown, but I'll show a year over year comparison in another post.

Results Analysis:

Checking: No material dollar value change.

Savings: Savings went down significantly because I paid off some off-balance sheet debt as a Christmas gift to my father in-law.

Technically, I should have had the loan on my balance sheet, but I could have stopped payment whenever I needed to, so I didn't show it. Either way, it's 100% paid off, and now we have essentially no debt heading into 2009, except for the loan on my investment property and normal revolving credit lines which are paid off every month.

Brokerage, IRA's, 401k's: All of my investment accounts benefited by a slight up tick in the market over the past 30 days. I hope you all remembered to harvest your tax loss carry forwards! I almost forgot to sell two last positions, but I did so yesterday.

Real Estate: All held at equity cost - I will consider marking to market in 2009. We had to use $2k in the property's checking account for roof improvements.

Credit Cards: As you can see, we are at a net positive between the cards and the business expense reimbursements.

I'd love to hear your comments - how did your December treat you?

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