Our household Net Worth at the end of fourth quarter, 2007, was $658,360.
Our Net Worth increased by $8,160 (or 1.3%) in this quarter. This quarter has been a challenging one, due to the poor returns in the stock market, and some unexpected expenses we incurred. To summarize:
- We made $13,450 in new contributions to our savings and investment accounts.
- We had a net increase in our real estate assets of $11,577, partly due to mortgage payments we made and partly from increase in the value of property we own in India.
- We had a net unrealized loss of $16,867 in our investment accounts.
Looking back at 2007, our Net Worth increased by $128,345 (or 24.2%) for the whole year.