Net Worth Update

Net Worth Update (February 2018)

Previous update here.

Quick Summary: February was a quiet month at work, which allowed me to get a ton of work done on my PhD – I can almost taste the finish. Markets went down, clawed back a little ground and then finished the month breathlessly limping into March. I’m not a fan of market timing but I’ve said it before – when everyone says keep buying – is exactly when alarm bells sound in my mind. I’ve heard a number of stories this month of financial advisors telling clients to stay fully invested, or buy this dip, it’s just a correction (how the hell do they know?). The first quip might be ace advice for some people, but it’s that kind of confidence that leaves me uneasy.

My individual stock portfolio provided me a(nother) lesson on position sizing, when my largest position, Sukin skincare’s parent BWX Ltd took a 30% + fall on results below market expectation. My portfolio was down 3% for the month. I don’t really care about short-term price movements but I realised if I keep positions this big and make a large mistake (which I will at some point I’m certain), the risk of a meaningful loss is too high.

Cash decreased as I diverted a little excess savings into investments Super wriggled down slightly. Debts steady or reduced.

Hit a new record savings rate for good measure. Though my income earned in Feb was so low, I don’t think I’ll be savings much in March. Consistency wins out in the long run though.

For some further good feels, it was great to see fellow Aussie FIRE blogger Pat the Shuffler get featured by ABC! It seems the community here is really growing and that the word gets on FIRE to the public is awesome.

Ok – lets check out the numbers…I’ll bite my tongue – no dad jokes this month ;).

Savings Rate: 51.42%

Cash: $13,909 decreased 6.41%
Superannuation: $42,623 down 0.45%
Investments: $19,735 up 14.35% (market loss + $2000 deposit)
Other Assets: $9,644 down 1.20%

Total Assets: $85,912 up 1.43%

Credit Cards : ($1,257) down 61.28%
Student Loans: ($32,305) steady
Business Loan: ($11,650) reduced 2.51%
Other Liabilities: ($21,500) steady

Total Liabilities: ($66,412) decreased 3.33%

Net Worth: $19,500 increased 21.91% 

Did you pile up cash, pay down debt or do something different in Feb?

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.

6 thoughts on “Net Worth Update (February 2018)

  1. Not too bad WFT. But that’s a huge savings rate. I’m right around the 45% number and I’m trying to get mine above 50% and even better yet closer to 75%, but that is a long way off. I’m back into credit card debt in February but my balance is currently under $500 and hopefully wont exceed $1000. I should be able to get rid of it by end of March, but we will see.

    1. Thanks DP. I think any savings rate above 35% is pretty solid, especially if that’s on a median or lower income and after tax! My savings rate gets adjusted end of year when I pay tax, so it will be lower than it looks here. Good choice squashing your credit card debt next month. Good luck!

    1. Thanks Mr Robot – Next month will be a bit tighter but you gotta make hay while the sun shines!

  2. Great savings rate, and love the trajectory your net worth is on! 🙂

    Position sizing is such a tricky one – when the big holdings are going in the right direction it’s hard to want to trim them, but it can definitely make for some wild rides in the portfolio balance – although 3% doesn’t seem too bad at all.

    Good luck with the home stretch on your PhD!

    Cheers, Frankie

    1. Good to hear from you Frankie – you’re right, when a position does well, doubles or triples it’s hard to trim it. In some ways great wealth can be built letting positions run – it’s something I haven’t figured out exactly how I’ll approach.

      Thanks for the good vibes on my PhD…hopefully not too long now.

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