Recently, I took the time to breakdown my finances. I think it is vital to know how much money/investments you have. I normally look at this every four months or so. I know some do this every
month, but I just do not have the time. I wanted to share with everyone where I am monetarily. I feel that tracking my finances will hold me accountable. Besides, this is a journey that we are taking together. The numbers below are based on December 1, 2017.
| Individual Stock Portfolio |
| ConocoPhillips Integrated Oil & Gas Total Shares: 111 Price Per Share: 52.04 Total Value: 5,776.44 |
| Exxon Mobile Integrated Oil & Gas Total Shares: 91 Price Per Share: 83.30 Total Value: 7,580.30 |
| American Electric Power Electric Utilities Total Shares: 44 Price Per Share: 76.87 Total Value: 3,382.28 |
| Aqua America Water Utilities Total Shares: 81 Price Per Share: 37.42 Total Value: 3,031.02 |
| New York Community Bancorp, INC. Financials Total Shares: 435 Price Per Share: 13.12 Total Value: 5,707.20 |
| General Electric Diversified Industrials Total Shares: 117 Price Per Share: 17.92 Total Value: 2,096.64 |
| AT&T Telecommunications Total Shares: 857 Price Per Share: 36.30 Total Value: 31,109.10 |
| Reality Income Commercial REITs Total Shares: 41 Price Per Share: 55.35 Total Value: 2,269.35 Dividend Calendar: Monthly |
| Omega Healthcare Investors Healthcare REITs Total Shares: 313 Price Per Share: 26.89 Total Value: 8,416.57 |
| British American Tobacco Total Shares: 356 Price Per Share: 64.54 Total Value: 22,976.24 |
| The Coca-Cola Company Beverages Total Shares: 20 Price Per Share: 45.52 Total Value: 910.40 |
| Nike Consumer Goods Total Shares: 971 Price Per Share: 60.21 Total Value: 58,463.91 |
| Intel Corporation Technology Total Shares: 23 Price Per Share: 44.20 Total Value: 1,016.60 |
| Ford consumer Goods Total Shares: 392 Price Per Share: 12.48 Total Value: 4,892.16 |
| Bristol-Myers Squibb Company Pharmaceutical Total Shares: 555 Price Per Share: 62.96 Total Value: 34,942.80 |
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| Total Individual Stocks: 192,571.01 |
| Savings Account, US Bonds, Certificate of Deposit (CD), and Retirement Account |
| Savings Account – Total Value: 21,040 |
| Series I Bonds – Total Value: 305 |
| Certificate of Deposit – (CD) – Total Value: 125,000 |
| My Employee Retirement Account – Total Value: 33,044.61 |
| My Vanguard Target Retirement Account ( Roth IRA ) – Total Value: 5,483 |
| Wife’s Employee Retirement System – Total Value: 24,744.50 |
Grand Total: $402,188.12
I really need to shift some money around and allocate it better, but I just feel that a lot of these stocks are priced high. For example, I would love to own more shares of Intel, but the price per share is too high of an entry point for me right now. In time, I hope to balance these 15 stocks better. It has been a long road saving/investing, but I am slowly getting there. I will continue to keep a close eye on these stocks and re-balance it when the time is right.
When is the last time you broke down your finances? How well do you track your savings/investments?
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I think I’m like you. I know I should do it more often than I do, but as you say, time is something we all need more of. I would say you are doing damn good! Personally, what I have invested is not in individual stocks, but is in an IRA with Jessica Cole, who used to be my financial advisor for many years (when I could afford to pay her yearly fee, which was only $500, and no, she didn’t get a commission on anything she sold me.) It’s with the company she works for now. I occasionally take a look at it just to make sure that it’s still growing, and she does have a fiduciary duty to monitor it for me. I’m also now trying to put 7% of my income (which is low as it is, but every little bit helps) into a 401(k) at work so as to minimize how much I lose in taxes. Even at my pitiful salary, I saw it’s 17% that I pay in taxes every paycheck.
I find that when I am getting stressed, it’s because I’ve been letting the monitoring slide. My goal is to track my expenses every night but as I said it’s still a goal and not a reality. So what I do to feel less stressed is to take a look at all my student loans and then my retirement fund and savings accounts and see if I’m still in the black. Thankfully, I am worth more alive than dead. (This wasn’t always the case.)
Thanks for the reminder I need to do this again as soon as my school is over on the 9th of this month! I’ve been meaning to blog about it anyway. 🙂
I think you are doing great. It takes time and you will achieve your goals. I always tell my friends that it does not have to be pretty, it just has to get done. If there is a blueprint to life I certainly did not always follow it. Just one day at a time.
Very informative and eye opening post! We could all improve and incremental improvement seems to work best! Good luck.
It certainly did not happen over night. Building true wealth takes time, but the journey getting there is truly rewarding. Just one financial day at a time I guess. Thanks for the comment.