Bank accounts: up 22% but balance is still too low. I've been putting $$ in retirement and paying down debt rather than adding to my bank account balances lately.
I try to keep a few thousand in cash/CDs in my Roth IRA rather than investing it. That cash serves as a potential emergency fund since I can pull it tax-free if needed, and if not needed, it adds to the Roth IRA balance. I'll do this for another year or so while I try to aggressively reduce debt and then invest the cash inside the Roth. (You can take contributions but not earnings tax-free from a Roth as long as the account has been around for at least 5 years. I'm now over 59.5 so I don't need to worry about taking the earnings--under 59.5, you have to worry about taxes and a 10% penalty.) About 1/3 of the total Roth IRA is in cash, the other 2/3s IS currently invested.
Retirement accounts: up 6.2%. I currently contribute 22%, get a match of 3% plus a profit-sharing plan contribution, which comes in early in the year.
Use assets (home + car): up 12.8% due to living in a relatively hot real estate market. With the coronavirus, people living in NYC have flocked to eastern Pennsylvania, where I live. Houses that go on the market here typically sell within a few days and often at above-asking price.
Overall asset increase YTD = 7.6%.
Debt: down 7% YTD
Net total: up 9.4% YTD
May 31st, 2021 at 02:19 pm 1622470792
June 7th, 2021 at 03:11 pm 1623078689