What is your NET WORTH?

[virgo]

Hiya

In these interesting and uncertain times, i thought it might be a good time to post a poll. I remember we had a similar post last year and this would be good way to keep track.....

Remember NET WORTH = All Assets (including PPOR, IPs, super,shares, other investments)-All Liabilities (Mortgages, Loans etc)

It is not Gross value of your properties.

 

[Wunderbar]

Where is the option for negative networth?

 

[jaycee]

700k Less Any Selling Costs/tax Liabilaities As A Result Of Selling

Approx Of That 35% In Super

 

[virgo]

Net worth

Where is the option for negative networth?

It will be the less than 100,000 option....but i am sure you are not in this category right, judging by the tone of your posts so far??

 

[Wunderbar]

lol this is a forum for investors, not for mindless retail automatons

 

[virgo]

Poll

Hiya Wunderbar

Patience and Manners, my dear boy , Patience and Manners

 

[investor2009]

I'm sitting at $400,000-$500,000 currently.
It seems low when I hear it, but seeming I started 4 years ago with $30,000 it's a 1350% return on my deposit. Thats 340% per annum growth. Maybe around 320% after holding costs. Where else can you find that ey? It's around 30% growth on the assett base.

At an average rate of 5% my net worth is set to climb at $70,000 a year, and 7-10% will bring in $100,000-160,000. Plus whatever taxable income I receive throughout that timeframe. So doing quite well I think and set for financial freedom in the not too distant future.

 

[sash]

I thought there would be quite a few with networth more than $2m....where are the heavy hitters???

Has the GFC sunk them?

Anyway.....good post Virgo....will be interested to see where this post gets to.

 

[jaycee]

I thought there would be quite a few with networth more than $2m....where are the heavy hitters???

Has the GFC sunk them?

Anyway.....good post Virgo....will be interested to see where this post gets to.

Perhaps not everyone responded yet Not that everyone does end either

 

[Wunderbar]

Maybe they're just not worth $5m?

 

[Aaron Sice]

net worth - undisclosed.
gross worth - undiscosed.

 

[Ridin-High]

Circa 200k not including super. Also depends on moment of share market as well.

Not to bad considering i started with 30k in 2008, majority has come from mini spike in syd market during 2009-10

 

[Wunderbar]

With our AUD so high Aussies should just be taking over the world buying real estate overseas just like the Japanese did in the 1980s

 

[Blacky]

Depends on what I want it to be.

To the tax man <100k
To the banks >$2mil
In reality, somewhere between the two.

To me I have never had a goal of having millions, so I dont really keep track of it. All my goals revolve around having large volumes of disposable income.
So to me, an asset is only worth the cash it generates (as that is what I plan on retiring on).

Blacky

 

[Aaron Sice]

With our AUD so high Aussies should just be taking over the world buying real estate overseas just like the Japanese did in the 1980s

that's great...as long as the dept of war agrees.

 

[Amadio]

It's hard to believe that anyone would state what their net worth is on a public forum.

 

[jaycee]

It's hard to believe that anyone would state what their net worth is on a public forum.

That would be me you're talking about ?

Don't worry about it it's all lies I tell ya

I have $7 for dinner to my name and that's it


Mr Michael Smith
Unit 11, 1 One Street
At a town near you

 

[Ed Barton]

It's hard to believe that anyone would state what their net worth is on a public forum.

maybe if you use your real name. but for those who don't it doesn't matter. Google me and the first 5000 pages are about Australia's first prime minister.

i would never disclose anything that could identify me in a public forum. too many nut jobs out there.

~ 3.4 in property (although this is a stab in the dark as I've never had them revalued)
~ 3 in equities and cash at bank

 

[el caballo]

maybe if you use your real name. but for those who don't it doesn't matter. Google me and the first 5000 pages are about Australia's first prime minister.

i would never disclose anything that could identify me in a public forum. too many nut jobs out there.

~ 3.4 in property (although this is a stab in the dark as I've never had them revalued)
~ 3 in equities and cash at bank

Brilliant!

 

[Sunfish]

With our AUD so high Aussies should just be taking over the world buying real estate overseas just like the Japanese did in the 1980s

That worked out well for those Japanese who bought around Cairns, didn't it? A giant wealth transfer and it was the locals who had the last laugh.