THE SKY IS FALLING!!!! AHHHHH!!! jk… just the stock market. By the end of the month it finished down -7.23%. That’s apparently the worst October drop since 2011! We don’t have a ton of money in the market, and we’re not near retirement, so luckily we can just ride this wave out.
Net worth! Drum-roll please! $81,608! That’s $1,192 higher than it was last month, so we just barely stayed above water even with the market “correction”. At least we got some stocks at a discount with 401k contributions this month! And you know how I love a good sale. Our post tax income was $4,467 and business income was $949.
Expenses for the month came in slightly higher than last month as we had some household one-time stuff, Amazon prime subscription, bike repairs, and doctor visits. The total came out to $4,591.
|Groceries & Household||555|
|Alcohol & Bars||135|
|Gifts & Donations||187|
A couple of upcoming expenses I foresee will be a wedding ring for the wife, Christmas gifts, and travel expenses for getting up to to see the family. We’re driving so it shouldn’t be terribly expensive, other than a few trips to our favorite winery to re-stock! 😉 Road trip!
That’s it for this month! Let’s hope the stock market’s end of month rally continues on through November and the worst of it is behind us. I’ll leave you with this:
“The drop this month came out of nowhere. Usually that’s a sign of a correction and not a bear market,”…”Usually a bear market rolls more slowly.”
-Personal Capital’s Craig Birk to CNBC
Just another reminder even people that do this type of stuff for a living can’t always predict the market. Slow and steady my friends…