August was the second month this year that our net worth dipped by over $12K. And that’s ok. How ok? Even with the monthly dip, our net worth is over $144K for the year! Frankly, the market run we’ve been having is almost unprecedented and it is bound to end at some point. But from that end it will rise again. All is good.
Valuation of retirement assets, which is almost 70% of all our non-property assets, decreased by ~$17K. Liquid cash in bank accounts increased over $3K but most of that increase will go towards paying off the fence we had installed couple of months ago (they billed the invoice late).
We also stopped paying the extra monthly $3K towards mortgage principal that we’d been doing since the start of the year, in anticipation of the reduction in income that will happen when M stops full-time work.
Other than that, a mostly quiet month. We’re enjoying the long Labor Day weekend. Kiddo will be going back to school this week. Some travel planned for end of September.