Monday, December 31, 2007

2007 Goals Review

We didn't meet any of the goals we set for the year but we did go a considerable way in the right direction:

1. Increasing net worth from $365k to $470k. We are ending the year around $450k which is around 80% of the way to the goal. The merger with Snork Maiden, quitting my job, and the move to Australia were unexpected events (a positive and two negatives for net worth). I also expected to inherit a small amount of money, which didn't happen yet - as it is still tangled in the German legal system. The Australian Dollar was extremely strong which helped raise net worth a lot. Given all this, it is pretty amazing we ended up anywhere near the goal.

2. Returning the combined value of my US brokerage (and Roth IRA) accounts to the value invested in them. At the start of the year I had $41k in these accounts but had invested $60k. In other words, I had accumulated losses of $19k. Now I have around $50.5k with $58k invested. Around 60% of the goal was achieved.

3. A vague goal was to achieve the $19k in goal 2 through trading. Later, I stated $18k as a 2007 trading goal. I made around $9,800 from trading in the end or about 54% of the goal. I was much closer to the $18k goal at the end of June.

Tomorrow, I will post on my 2008 goals, which will look very different.

2 comments: said...

Interesting how this post was dated Mon Dec 31 when that day hadn't arrived anywhere on the planet yet ;) If only you'd mentioned how the markets closed tomorrow...

mOOm said...