2011

Our goal for 2011 is to grow net worth by 22% (from $361K to $440K). I am anticipating we will be able to contribute between $25K and $30K to our retirement & trading portfolios (401k, ROTH IRA's & trading account). In addition to retirement contributions, we are planning to pay off between $18K and $20K of our mortgage in 2011. The remaining $29K to $36K would come as a result of equity appreciation, trading account gains and our small business. I think these estimates are overly conservative, which makes me believe we should be able to reach the $440K-mark before the end of 2011.

In 2011, I will separate my trading account from cash/CD's. This should give us better asset allocation visibility. Although the above table implies our trading account would grow by 37% in 2011, please note that this includes our $5K contribution. Similarly, we will try to make full contributions to our 401k and ROTH IRA's, which is also included in the 27% growth for stocks (see above table).