For those wondering, I entered crypto in 2016 with around 30-35kCHF. I mainly bought ETH and BTC. Everything went crazy in 2017 and I made some bad choices to sell after huge sell-off and I didn’t sell enough in January 2018. I hodled what was left (down 94% for ETH) and I started selling again in January 2021 and late 2021. Basically my NW in 2016 was around 100kCHF.
I managed a 30x on my NW in 5 years mainly because I was able to buy ETH and BTC before the start of a bull run. There were a lot of other opportunities in 2019-2020 with other cryptos (SOL, AVAX, LUNA) and I think there will still be opportunities in the future.
Side question: how do you account for company stocks (if not publicly traded) ?
This year I’m planning to buy a decent amount and this will make quite a considerable chunk of my NW.
I usually update my numbers (and chart) every quarter but the company stocks will be re-evaluated on a yearly basis…
I have a similar issue with my 2nd pillar
Hello everybody,
here is my progression since I started tracking in 2011 when I opened my first bank account.
married, no kids, no crypto
Illiquid includes 2a, 3a and deposit.
I’m no specialist but I’d probably try not to put too much value behind knowing my acurate net worth at all times and be content just using the yearly re-evaluation as the basis for my accounting.
Would the company buy back your shares if you were to quit? What price would your contract/the statutes of your company say should be used then (if they state any of this)?
Hi @Wolverine, I’m by no means obsessed about knowing my NW at all times , as said I only update 4 times x year. It’s just that all my other belongings would be updated 31.03, 30.06, 30.09 & 31.12 while for the stocks I’d basically have 1 value / year (I’d use the same value 4 times as I’m doing with the 2nd pillar).
Yes the company would buy back the stocks in case of leaving and the buyback price would be derived from the last official yearly evaluation (balance sheet of the previous year).
Hi @weirded, sorry if I sounded rude, I’m sure you’re more than grounded. It sounds good enough to me, if the last yearly evaluation is the price you would get if you were trying to sell, then that’s what I’d take as worth for them. I’ll let those who know better on the topic answer if they have better clues.
In these cases I’d do a projection from year to year and align back once end of December comes in a linear fashion. At least this is what I did with our property investments that went boom in 10-15 years of holding, got it at X value, sold for 3X value, calculated a linear appreciation backwards, so the charts don’t look so “bumpy”.
Any idea how I should track my real estate in Bosnia? Bought 530 m2 and 430 m2 for 9k and 7k in summer 2021, so 16k in total. Location is great.
Many houses are being build there right now. They have a skiresort where millions are invested, it’s really thriving.
I was thinking about increasing the total value by 100.- per month (linearly). That’s 7.5% in the first year, 7.0% in he 2nd year…4.3% in the 11th year and so on. Would that be reasonable? Or should I just keep it at 16k?
For some reason I was dreading to update this chart. I’m still glad I did it today. I will have a conversation with a bank about buying a home and I thought data like this might come in handy.
Caveats: Cryptos are not displayed in the chart because their value is less than 1% of my total assets but they are included in the individual bullet points below.
The year started with a bang in equities with some GME gains as displayed by the upwards derivative of the orange line. Cumulative Rate of Returns (TWR) for my two biggest brokerage accounts were 36% and 26%. The start of 2022 does not look as promising.
Yes, about 35k 2nd pillar in 2021. I have a generous employer who matches my mandatory 2nd pillar contribution 2:1. They also add an extra lump sum every year as part of ”profit sharing”.
Hi, here is my first modest contribution to the forum.
I have started working as a software developer in middle of Year 2017 and start tracking my net worth (excluding 2nd pillar) in September 2020 :
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, as said I only update 4 times x year. It’s just that all my other belongings would be updated 31.03, 30.06, 30.09 & 31.12 while for the stocks I’d basically have 1 value / year (I’d use the same value 4 times as I’m doing with the 2nd pillar).
