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Net worth correction

August 10th, 2009 at 07:53 am

Oooh, I just realized that I forgot to add my current 401(k) to my net worth! How's that for passive investing? Big Grin

I wish I could remember what the numbers were in the past, so I could retro-actively update my previous entries. Alas, I do not, so July has a very nice bump to it.

While I'm here, I kind of wish Networth IQ would allow us to create, delete, and label our own assets and liabilities. For example, I would love to have one for 401(k), one for rollover, and one for Roth. Unfortunately, this isn't possible so I am substituting annuities for my 401(k) because I'm not going to have an annuity anytime soon. Big Grin

Maybe I'll go hit networth IQ up with an email, and maybe even look for alternatives. Anyone have any suggestions? How are you tracking your net worth?

3 Responses to “Net worth correction”

  1. monkeymama Says:

    For the short run I track it monthly in Excel (I have a tab for each quarter though I update it monthly). For the long run I keep all of the 12/31 tabs. Net worth can fluctuate a lot in a year, but it's the long-term trend that I am more concerned with.

    Quicken unfortunately doesn't work out so well with Net Worth. If you close down any account and want to remove it from Quicken, or hide it, it no longer shows up in historical net worth, etc. I don't jump around accounts that much, but apparently enough to make net worth tracking a nightmare!

  2. Aleta Says:

    That's a nice kind of correction to have. One in your favor. Good job!

  3. baselle Says:

    I track it on a spreadsheet in Excel. That way I can adjust it and format it to whatever I want. I track the cost basis of my Drp stocks that way also.

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