2010 Financial Review

At the midpoint of this year, we were lagging in net worth growth. I'm glad to report that we made up for it and comfortably exceeded our net worth goal for 2010.

The S&P 500 increased 11.5% on the year, which is good, and about average historically.

We increased our net worth by 22% since January, so we fortunately beat the market this year.

Some time in the next couple of months, we are going to pass a significant net worth milestone. I’m conflicted on putting actual dollar amounts out there for everyone to see. I’m proud of what we’ve accomplished, and I really do like to offer what advice I can to help others get their financial houses in order.

However, I realize that as soon as everyone associates a perceived high dollar amount with someone, then that someone automatically becomes the go-to person when a family member has a financial crisis. Not that I’m stingy, but I don’t want people to see us as filthy rich with money to burn.

We’ve worked damn hard and sacrificed a lot to build and grow a net worth that will allow us to retire early enough to enjoy it. So, we’ll keep the exact number to ourselves for now, at least.

According to CNN/Money, here’s the average net worth for our age group.



I will say that we left that number in the dust a long time ago.  Heck, we increased our net worth by more than that in November alone.


Our Asset Allocation

24% US Bonds
23% US Large Cap
21% Foreign
12% US Small Cap
10% Cash
10% Real Estate

My plan is to gradually increase my exposure to bonds as we get closer to retirement. I’m shooting for about 70% bonds at that point.

 

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