Thursday, October 29, 2015

Update on House Value

Another house in our development recently sold at auction. The price has just gone online. It sold for $A850k. The original sale price when new was $A735k. Our house originally sold for $A650k. Using the same percentage increase our house would be worth $A752k. We paid $A740k. But I have been valuing it at $A785k based on the valuation we got prior to buying. Not sure if I should lower the carrying value to $A750k?

Sunday, October 11, 2015

Moom's Taxes 2014-15 Edition

I have now completed my tax return. Looks like I need to pay $590 in extra tax. My salary is flat on last year but my taxable income is up by 5%. Gross cash income is before tax income ignoring franking and other tax credits and adding in net undiscounted capital gains (not deleting losses from previous years). Dividends, franking credits, and foreign source income are all up steeply, but so are most forms of deductions. As a result tax is only up 4%. But because tax withholding is only up 1% this year I owe tax, whereas last year I got a refund.

Previous years:


Wednesday, October 07, 2015

Moominvalley September 2015 Report

A volatile month, but in the end not as bad as last month. The ASX 200 fell 2.96%, the MSCI World Index fell 3.51%, and the S&P 500 fell 2.47%. The Australian Dollar fell more slowly from $US0.71 to $US0.702. We lost 1.7% in Australian Dollar terms and 2.81% in US Dollar terms. So this time we outperformed both the international and Australian markets. US stocks were our worst performing asset class and commodities the best with private equity and hedge funds also having positive returns. Winton Global Alpha Fund was the best individual performer in dollar terms, with good returns from Cadence Capital, Ocean Capital Partners, CFS Developing Companies, and Medibank. Platinum Capital, CFS Developing Companies, TIAA Real Estate,  and Cadence are all at all time highs in terms of profits.

Net worth fell $A9k including housing equity ($US18k) to $1.457 million ($US1.023 million). The monthly accounts (in AUD) follow:

Salary and retirement contributions were fairly normal. We spent $5.3k not including mortgage payments and $4.7k without business expenses. Again, a relatively low monthly spend. And that includes spending $929 on health insurance for Snork Maiden's mother who will be visiting us... Soon there will be new expenses including relandscaping our garden and lots of baby expenses...

So, we also saved quite a lot: $5.9k on the current account and $3.2k in retirement accounts, and $1.3k in housing equity. We paid $1,845 in mortgage interest, saving $412 in interest due to cash in our offset account.