Last year I forecast that net worth would optimistically reach $A1.65 million and pessimistically fall to $A1.15 million by the end of 2015. The US Dollar range was $US1.33 million to $US800k. The result for this year turned out at $A1.50 million (USD 1.09 million). We were in the upper part of the range for both currencies though we were flat in US Dollar terms.
The Australian stockmarket
didn't perform that well again, the Australian Dollar fell to 73 US Cents and
we spent an even higher amount including moving house and preparing for a baby. Therefore, the result was below the most
optimistic projection. I'm actually surprised how well we did do given all that!
So, now is time to forecast for
2016. The optimistic
projection is $A1.7 million or USD 1.2 million assuming the Australian
Dollar only declines to 70 US Cents. This assumes that Snork Maiden doesn't return to work till 2017.
The most pessimistic scenario is
that the stock market falls
by 20%, the value of our house falls to $A700k, and the Australian Dollar falls to 60 US cents. In that case, I estimate our net worth would be $A1.25 million or USD 750k.