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  • Writer's picturethemoneyloaf

Net Worth Update: November 2021

We finally welcomed back some volatility in the market in November with the arrival of the Omicrom covid variant towards the end of the month. That did cause a dip in the stock portion of our portfolio, but we still managed to grow our net worth very slightly this month.

Quick links if you just want to read the net worth portion or the asset allocation portion.

If you'd like to find out a little more about the different categories under our net worth, I have a longer explaination in this earlier post.

Also do note that we don't inlude our house, mortgage and retirement accounts in these updates, only our liquid assets.

Net Worth

Overall our net worth grew by $2,729 or 0.54% in November.

This was a result of realising we had been putting aside some money during the lockdown we had earlier in the year, and forgot to enter it into our spreadsheet! It felt a little bit like finding money hidden under the couch. In any case, that's an extra $8,656 in cash that will be going towards our investing account.

On the equities portion, we were down nearly 1.6% as a result of the Omicrom scare. I did manage to initiate some options trades at decent prices, but I didn't feel any stocks were cheap enough to start buying, so nothing was added to our portfolio in November. As expected, the ETF portion of our equity portfolio didn't feel as much of the effects of the volatility, and thus serving its purpose in providing some stability and diversification.

Asset Allocation

On the asset allocation front, our cash portion grew by quite a bit because of the portion we forgot to include. That's gonna be put to work as soon as possible, and hopefully bring out cash portion back to roughly 20%.

The stock portfolio maintained its 1/3 vs 2/3 split, which is where we want it to be for the foreseeable future.

That's it for this month. There's gonna be a flurry of year end updates looking ahead to 2022 coming up, can't wait to share it with you.

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