August 2023 Net Worth Update

Good Morning Ladies and Gentlemen, this is your host Jonny F, and today is yet another Net Worth Update.

Full disclosure, I have no idea what my net worth is gonna be this time. Let’s do a little flashback of the last update to see where we were at…

Alright, so that’s where I was at last update a few months ago. Let’s see where I’m at now!

PLTR	$1,710.00(200 shares). $2,910. This stinker finally swung back some, up $1200 from last update. Holding this stinker 5ever.
KO	$1,977.81 (31.31 shares) $1,904.11. (31.55 shares) A little swing down but got 20% of a share for free.
DOW	$664.99(11.68 shares).$639.14 (11.84 shares) Same thing, share price went down but got a little DRIP.
VZ	$121.78 (3.1 shares). $107.25 (3.21 shares) Drip.
MO	$1,269.00 (28.19 shares). $1,282.37 (29.34 shares) One of the only stocks that went up this time. Plus a lil drip.
TM	$280.38 (2.04 shares). $340.84 (2.07 shares). Nice little jump to offset the others. And drip of course.
Bitcoin	$8,391.6 (0.27 BTC). $7,213.38 (0.274 BTC). A thousand-dollar “loss” and I couldn’t be happier with it.
BNB coin	$1,113.03 (3.32 BNB). $733.98 (3.356 BNB). Price dipped about $400, but I got some more from staking, so overall a win.
DOGE	$148.07(1601 coins). $102.33(1601 coins) Went down forty bucks. I do not stake this, so no gains there.
Silver Coins&Bars	$2,000 (Haven’t purchased any precious metals in Japan)
Employer 401K	$22,756.61 $25,456.04 Another 2.5 grand in the bank. Consistency is key.
RRSPs trapped in Canada	5,957.87USD 6,673.59 USD. I honestly forgot I had this. It went down a couple updates ago but it’s at its normal price now.
Chequing	$1,198.75. $1,082.76
Savings	$11,742.00 $10,602.09 $8,428.80 I actually have no idea where this money is going. Note*
Savings Certificate	$507.04 $514.31 Another $7 of growth on this rocket.
Total Assets	$50,757 $58,699.02 $59,388.90 Not as big of a jump as I was expected, but a lot of my stocks rolled backwards.
Credit Card	-7,000.18 -5669.99 $-4,977.16. $4,033.64. I shaved another grand off of this, so that’s good. I fucking hate this balance though and want it gone.
Credit Card #2	$0.
Credit Card #3	$0.
Total Debt	$-4,033.64
August 2023 Total:	$45,087 $53,412.39 $55,355.26 A positive change of just under 2 grand in 3 months. That’s a healthy delta in my books.

Oh my gosh, took me a a day and a half to finish that math! Hope you read it faster than I wrote it. I did fall asleep for about 8 hours in between.

Last time, my Bitcoin went up and my Palantir went down. This time, my Palantir went up and my Bitcoin went down.

My plan for Bitcoin is to sell it all about a year after the next halving event around April 2024. So I would sell in April 2025.

My plan for Palantir is….I don’t have a good plan. My entry point was just so shitty. My plan was to hold it and just keep selling calls to make my money back, but all the heat left the stock so the “out of the money” calls are usually listed at $0. So I’ve been holding a loser, not getting any growth or dividends, and I haven’t been selling calls. Just 3 grand (what used to be 6 grand) sitting there not doing anything. It’s about 5% of my net worth, which is a good problem to have. I am very thankful that I have a “burden” of 3 grand that isn’t producing.

I just looked at the long term OTM calls for PLTR (I have 200 shares, so I’ve been boomeranging 2 calls about a year apart) and listed one for June 2025 at a $35 strike for $161.

What could I buy with that 161? Felt like looking at Motley Fool for some recommendations.

With that $161 I can buy:
5 shares of Boston Omaha (BOC) @ $16.56
5 shares of Refin (RDFN) @ $8.95
5 shares of Editas Medicine(EDIT) @ $8.77

Usually I just go to the big homie Dividend Pig and buy the same shit he bought earlier in the month. But he hasn’t posted since December 2022? I’m a little concerned. Usually that means a blogger is going through some personal shit. So, good luck and godspeed OG PIG. Hope you come out on the other side alright homie.

I will probably just use that money to increase my position on whatever dividend stock I have that is down the most lolol.

That’s enough about BTC and PLTR. Let’s talk about debt! I paid my credit card down another grand to the -$4,000 mark. Part of that was offsetting all my automatic and reoccurring purchases to other credit cards, and then having them autopay. Things like phone bills, amazon purchases, kindle purchases, etc.

After some digging, I found 2 things that are still being charged to my main credit card. Amazon Japan (purchases & prime) and Spotify.

I just switched my AmazonJP over to my other card. Spotify is a flat $9.99 fee, which is good to show a little activity on the card. I still have my two $500 monthly transfers set up (1st and 15th of the month), so if we just follow basic math…over the next 3 months that credit card balance should be dropping from 4K to 1K. That would be amazing.

Anyways guys, net worth is at an ATH of 55 grand, so I’m on the right track.

Thanks for stopping by,
–Jonny F