Y2020 Net worth update

Net worth declined from 39 kEUR to 32 kEUR mostly due to decrease of RE value. Debts declined. Investments unchanged as new capital compensated value decline.

Another thing That I decided to go for is to have a look how our Net worth has changed over the year. Last year it was 39 kEUR.

Our liabilities:

  • Mortgage loan – 55,2 kEUR (56,7 kEUR)
  • Leasing – 9,0 kEUR (10,3 kEUR)
  • Debt to mother – 6,3 kEUR (7,0 kEUR)
  • Student loan – 2,0 kEUR (2,3 kEUR)
  • Total liabilities – 73 kEUR (76 kEUR)

No new debt, all existing ones decreased according to schedule, hence today we have 3 kEUR less debts.

Our asset:

  • Apartment – 60 kEUR (67 kEUR)
  • Investment portfolio – 29,6 kEUR (30 kEUR)
    • II pension fund – 12 kEUR (11,3 kEUR)
    • III pension fund – zero (8,0 kEUR)
    • Shares – 17,6 kEUR (10,7 kEUR)
  • Car – 9 kEUR (10 kEUR)
  • Cash – 6 kEUR (6 kEUR)
  • Total asset – 105 kEUR (115 kEUR)

I decreased my apartment price by -10% due to coming recession and certain RE price decline altough there was +7% growth YoY if looking at last 12mo. Lets see if I’m correct and prices will decline by roughly 20%. 3 pension fund was liquidated and most of proceeds went to share purchase. Total investment portfolio remained unchanged. Decline was amortized by new capital. Car value amortization by 10%/p.a. All cash reserves remained unchanged.

This time I tries something new and done a visualisation. What do you think of it? Anything missing, maybe some information is to much?

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