Net Worth Update

Net Worth Update (November 2017)

Previous update here.

Quick Summary: I made a few changes in November, primarily in my Superannuation and Personal Investment accounts. The Dow finished November slightly above 24,272 points, an increase from 19,762 points since January. This is a robust 22.8% return before dividends. For comparison, the ASX300 is up 5.82% before dividends in the year to date. Although I have no skill in predicting the market, between the bitcoin rally and the stupendous bull market I can’t help but think we’re all maybe getting a little carried away. I shifted my Superannuation asset allocation from 100% equities to 16% cash, 54% international equities, 28.5% domestic equities and the remainder split between property, infrastructure and private equity.

The stock market rally could continue for years before a major downturn. At 16% cash, a market correction of say 30% would reduce my portfolio by 25.2%. This isn’t a massive improvement, but it helps me sleep soundly at night.

The Government also deposited a $500 super co-contribution and a $159 low income super contribution. This was very welcome!

Regarding personal investments, I shifted a little cash from my emergency fund to an international equities account with Saxobank. Although I didn’t realise it when I opened the account, I needed to make a $3,000 deposit for activation. Like a woodland mouse preparing for a long winter, I’m collecting as many nuts as possible to return the emergency fund toward $12,000 by year end. The upside is that my investment portfolio can now expand to individual international equities. There have been a number of companies I’ve been interested in over the past few years that are offshore (Apple, Alphabet, Berkshire, Tencent, Volkswagen) – it’s exciting to now have access to the world market.

Aside from this, loans and credit card debt reduced slightly. Overall net worth is up nearly twenty-five percent, which is superb. I had a mini-goal to breach $10,000 nw by Dec 31st – certainly on track.

Savings Rate: 32.70%

Above: 2017 Savings Rate by Month (%)

Cash: $9,947 decreased 29.17%
Superannuation: $42,192 up 3.55% (market return + $746.51 investment)
Investments: $15,901 up 34.62% (market return + $3,438 deposit)
Other Assets: $10,000 down 1.20%

Total Assets: $78,039 up 1.72%

Credit Cards : ($2,047) down 13.50%
Student Loans: ($32,305) steady
Business Loan: ($12,250) reduced 2.39%
Other Liabilities: ($21,500) steady

Total Liabilities: ($68,102) decreased 0.90%

Net Worth: $9,937 increased 24.20% 


With 2017 coming to a close, did you grow your wealth in November?

As always, thanks for following along! 


  1. Cash consists of online savings accounts. I moved away from carrying cash in Q1 2015 and make 95% of my transactions electronically, for more accurate and up to date record keeping. I have a small transaction account holding around a tenth of my cash funds with the balance held in an ’emergency fund’ and a smaller account for rent savings/payments, both in modest interest bearing accounts (2-3%p.a.).
  2. Superannuation is the Government mandated retirement savings system in Australia
  3. Other Assets consists of one car at market value, depreciating monthly.
  4. Student Loans consist of the HECS/HELP debt provided by the Australian Government,  indexed to inflation. The loan repayments are based on taxable income, with repayments required from taxable incomes of $55,874 p.a. or more in 2017/18.
  5. Other Liabilities consist of two loans which are interest free.

8 thoughts on “Net Worth Update (November 2017)

  1. I’d also choose a good night sleep over anything. It’s one of the reasons why we do personal finance anyway, right? Well done on another great month! That graph seems to not know any way to go than up! It’s amazing to see your wealth grow in a year. 🙂

    1. Totally agree it’s been amazing seeing a bit of wealth pile up. Money in the bank is a real luxury. Thanks very much for stopping by J. Was pumped to hear you and your boyfriend made some good gains in November too 🙂

    1. Thanks for the encouraging words and for stopping by Mr. Robot. I waited so long to start tracking my savings rate but it’s helped a ton.

  2. Looks like your net worth is moving in the right direction. You’re above the $0 line and you keep climbing higher and higher. I also think it’s a good thing to track your net worth. I haven’t tracked mine but may do so next year. Keep it up WFT.

    1. Thanks very much for stopping by DP. Would look forward to you tracking Net Worth in 2018 – alongside savings rate, I think it’s a pretty useful metric 🙂

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