Month: August 2022

Welcome back to LateTwentiesAndBroke, this is your host JonnyB, and this is my August 2022 Net Worth Update.

Here is a little refresher from my last update…

April 2022:

PLTR	$5,068 (200 shares) (share price plummeted again, market value is $2,760 as of today)
KO	$1,668 (30 shares) $1,895.55 (Also received 0.22 shares as DRIP.)
DOW	$336 (6 shares) $394.47 (also received .14 shares as DRIP)
VZ	$52.04 (1 share)
TM	$360 (2 shares)
Bitcoin	$1792.98
BNB coin	$956.67
Personal Automobile	$8,000. (I don’t have it anymore!)
Silver Coins&Bars	$2,000 (I added $800 to my collection)
Employer 401K	$15,000 (I actually checked the balance, I was way off last update!)
RRSPs trapped in Canada	$8,450 CAD ($6,837 USD)
Chequing	$1,346.61
Savings	$16,838.50 (sold my car, parked the cash in savings for now)
Savings Certificate	$500.53 (new)
Total Assets	$50,734.35 (first time ever over 50K!!!)
Credit Card	-$6,374.19 ($2,186.74 worse)
April 2022 Total:	$29,876.55 $44,360.16

For the last update, I was getting away from volatile stocks (like PLTR), and putting money into more solid dividend stocks and my two favorite cryptos, BTC and BNB. I liked that course of action then, and I’ve been continuing on that path.

August 2022:

PLTR	$5,068 , $2,760, $1,580. (200 shares). This position continues to get worse and worse lolol, but I refuse to sell. I’ll be holding this for decades apparently.
KO	$1,668, $1,895.55,  $1,930.81 (30.63 shares). Received 0.63 shares as DRIP since buying.
DOW	$336 $610.23 (11.21 shares). Picked up 5 shares when the price dipped. Also received .21 shares total as DRIP since buying)
VZ	$52.04, $129.75 (1 3 shares). Picked up 2 more shares when it was cheap.
MO	$1,242.51 (27.06 shares). Picked this up when the price dipped a bit. Just another dividend stock to add to the growing pile.
TM	$360 $306.93 (2.02 shares). Recieved a tiny DRIP of 0.02 shares. So basically the same amount, but the stock price dipped a good chunk.
Bitcoin	$1792.98 $2,592.14 (This number did not go up do to an increasing price, the price of BTC actually tanked during this time and I steadily added more. I am now at 0.12845 BTC. We’ll see how much I accumulate by the next update : ] )
BNB coin	$956.67 $917.01 as of today, 3.26 coins total. A little slip on the price, but I am staking it to receive more coins in a DRIP-style.
DOGE	$32.40 (502.46 coins total. Bought $69 worth of Doge as a joke and so far it’s down over 50% lolol)
Personal Automobile	$8,000. (I don’t have it anymore!)
Silver Coins&Bars	$2,000 (Haven’t purchased any precious metals in Japan)
Employer 401K	$15,000  $17,391.66 (The monthly contributions are adding up $$$)
RRSPs trapped in Canada	$8,450 CAD $9,562 CAD ($7,335 USD)
Chequing	$1,346.61 $1,493.50
Savings	$16,838.50 $12,732.83
Savings Certificate	$500.53 $501.36 (Definitely losing value here to inflation lolol)
Total Assets	$50,734.35  $51, 406.35
Credit Card	-$6,374.19  -7,000.18 (Another $700 WORSE!?!?!)
August 2022 Total:	$29,876.55 $44,360.16 $44,406.17

Alright, so….

First of all. What the fuck!? How has my credit card not gone down at all, but actually gone UP in the past 3 months? No joke I have $500 autopay twice a month, I’m talking $1,000 a month automatically going to pay off my credit card but somehow it didn’t make a dent? And it somehow went up even higher? I hate it.

Two things that caused 4-digit swings: My PLTR stock dropped another $1000, and my 401 went up like $2,300. Palantir…it’s whatever man. I’m already down 5K overall on that position, so at this point I’m just gonna hold for decades and see if it pops off. At least Peter Thiel has the same problem.

My 401K went up for a reason I almost forgot about, my auto-contribution every month. Which also has a contribution-match from my employer. It ends up being a pretty decent number every month, so I think I will take the time to use the annoying website and use accurate numbers for my net worth updates. After all, it is a big chunk of my net worth currently. I was gonna leave the number at $15,000, but I decided to go through the hassle and check, and it ended up being $2,300 higher than it was in April. So that’s pretty significant. It will continue to offset my Palantir losses at least lolol.

So my goals between now and New Years…haha…gotta pay off that damn credit card! I just checked and I’m paying $90/month in interest on that shit. As I type that, I’m tempted to pull the trigger and pay it off with my savings right now. But what would I learn? What would that teach me? All it would do is reinforce the old habit of running up my credit card, and then dumping my savings. I need to learn how to fucking budget and stick to it, or I’ll always be broke.

Alright, I added an additional $200/month payment on the 20th of every month. And I cancelled some of the items on my Amazon “subscribe and save”. That should give me a little bit of traction moving forward to the next update.

I honestly thought I’d be stacking paper out here in Japan, especially by not having car expenses like gas, maintenance, and insurance. But that was replaced by the cost of trains and taxis. Oh well. Life goes on.

I’m honestly looking forward to moving back to America at the end of this work contract. At least then I can get into real estate and have my monthly rent payment going toward a mortgage. Actually capturing some of that value, yknow.

Well, that’s all I got for now. This was my August 2022 Net Worth Update. Next one will probably be in December.

Keep your stick on the ice,
-Jonny B