So, the end of the 2019-20 financial year has come, and it’s time for my half-yearly net worth update.
Things are looking only slightly different compared to six months ago. The impact of the coronavirus pandemic on the share market has had a rather unpleasant impact on my superannuation balance; compared to where it was just prior to COVID-19, it’s now about 5% lower, and the cumulative growth in my super over the 2019-20 financial year has been next to nothing despite my having come very close to contributing $25,000 (including employer contributions). 😦
Shares values being down has also affected my small holding of speculatives, hence the 0% section – the actual figure being too low to register as 1%. PPoR has remained the same, but cash is up a couple of percentage points thanks to my savings rate challenge over this financial year, and the fact that I wasn’t able to go away on holidays.
One thing that would’ve improved the outlook is if I’d held on to my Afterpay (APT) shares instead of selling them last year, but hey, you can’t time the market. At the time, it was the right decision for me, and I don’t really regret it – I made a good profit which is what matters to me in the long run, and it’s not wise to get greedy as that introduces an emotional element that isn’t helpful to the investing process. It’s a bit wild to realise that I could’ve more than doubled that profit, though, given their current price of $67.50! Such is life!
Overall, my NW has lost 0.2% since the end of December, and the overall change in NW for the financial year is +6.42% (rounded). It’s quite disappointing after the first half of the FY went so well, but again, such is life!