. Here are some surprising figures I just uncovered as I sat down to do my monthly investment statement.
On March 1, 2009, my total invested assets were just $321,065.
I was still working then. That was about 6 months before my layoff from my last job. Life was good, even though we were in the peak of the recession.
Then my layoff happened in September 2009.
Fast forward exactly 3 years later.
March 1, 2012 total invested assets: $493,398
So in just three years, my assets have increased 35%, even despite the fact I haven't added much of anything to them during this time and that for 2.5 of those 3 years, I haven't even worked full-time.
It's kind of amazing what compounding returns can do and how a stock market recovery can float all ships.
How quickly net worth can grow....
March 2nd, 2012 at 12:19 am
March 2nd, 2012 at 12:30 am 1330648201
March 2nd, 2012 at 12:45 am 1330649121
March 2nd, 2012 at 03:07 am 1330657652
Nonetheless, congratulations on the excellent growth and your diligence in saving more and spending less despite the challenges you have faced.
March 2nd, 2012 at 03:13 am 1330657984
March 2nd, 2012 at 04:43 am 1330663415
March 2nd, 2012 at 03:15 pm 1330701309
March 3rd, 2012 at 02:55 pm 1330786543
I also should note that for about 6months i was contributing maximum 15% of salary to 401k, but then this past summer, I withdrew about $13,000 for my vinyl siding job. I can't remember any other significant additions or subtractions to savings during this time.
March 3rd, 2012 at 11:49 pm 1330818568