In May of 2008, our net worth totaled $987,376, then the stock market fell apart in the summer and early fall of 2008 and our net worth dropped to $897,080 in October of 2008.
Now in September of 2009, our net worth is back to $987,749. The celebration will be short lived, come November of 2009 I will plug in our Florida real estate values (once we receive final values from the County property appraiser) and I expect our net worth to drop by $200,000-$300,000.
It is easy to get caught up in our NetworthIQ numbers each month, and while I recommend paying attention to the numbers, it is important to remember that the rise and fall of the 401K and the IRA and real estate values are some what illusory. The fact is that there is no profit or loss on the stocks, funds or real estate until we sell same.