One Million Australian Dollars

We reached the long-awaited million Australian dollar net worth level. We aren't quite at a million US Dollars yet. It was back in 2007 when we first crossed a half million Australian Dollars mark for the first time and in 2008 we briefly touched half a million US Dollars. In between there was a global financial crisis, a marriage, and a move to Australia... well in reverse order... attempts to make a living as a trader, being unemployed, and then getting back onto the career track at a higher salary than before:

I actually thought yesterday when the Australian market was falling 85 points (1.6%) that we wouldn't remain above the line at the end of the month. Actually, the Geared Share Fund fell 3.3% on the day but was still up 5.5% on the month.

So the numbers come in at $A1.026 million or $US 958k. Rate of return for the month was 8.63% in USD terms or 3.5% in Australian Dollar terms. The MSCI gained 5.2% and the S&P500 3.14%. More accounting details to come.