Personal Finance Performance Benchmarks for January, 2011

by Vinaya HS on February 3, 2011

in Finance

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I thought it would be a good idea to share my progress each month towards my personal finance performance targets for 2011. In summary, my targets are as follows:

I want to grow my Net Worth by at least 2% month-on-month and by at least 30% year-on-year. I also want to grow my Financial Independence Portfolio by at least 3% month-on-month and by at least 50% year-on-year.

And how has my performance been in the first month?

Financial Independence Portfolio:

Growth — MoM: 6.35%.        Growth — YTD: 6.35%.        Above target.

MoM FIP

YTD FIP

Note: The YTD chart also shows projected estimates for February, 2011 since I want to illustrate how the two charts will differ.


Net Worth:

Growth — MoM: 3.84%.        Growth — YTD: 3.84%.        Above target.

MoM NW

YTD NW

Note: Again, the YTD chart also shows projected estimates for February, 2011 since I want to illustrate how the two charts will differ.


I think it’s a great start to the year. Plus February already looks promising.




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 3 comments… read them below or add one }

Girish February 4, 2011 at 10:11 PM

Hi Vinaya,
Wow…sakaath…
Vandhanegallu,
Girish

pattu February 5, 2011 at 10:03 AM

The graphs are nice but not sure if its understandable by everyone.
I think networth is just a fancy jargon.
My take is:
1. Have goals (emergency fund/retirement/ child education etc.)
2. decide on amt to be contributed to each goal
3. decide by how much % each the contribution will increase or decrease each year
4. monitor % savings every month and take stock each year

Vinaya H S February 7, 2011 at 11:00 AM

@pattu:

Any ideas on how to simplify the charts so that it’s understood by a broader audience?

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