October 2006 Net Worth Update (+9,380.86)
October was a great month for the stock market and our net worth. As time continues forward, my wife and I are going to have more and more money invested in the stock market. Big upswings in the market are going to affect our net worth to a larger degree. Of course, I love reporting on the positive months that have big gains, such as this last one!
Since last month’s update, we saw a gain of $9,380.86 in our net worth. Our new total net worth is just a little over $117,000. One of our goals for 2006 (which I need to share in the blog sometime) was to achieve a net worth of $115,000 to $118,000. It looks as though we are going to surpass even our high-end estimate for the year, which is great news. I attribute the majority of the gain to the stock market’s great returns throughout the year. I continued to invest our money when the stock market inched downward during the middle part of the year — and it’s starting to pay off now that the market has been hitting new highs.
