Join our investing community

Invested Equity/Net Assets Poll

Discussion in 'General Investing Discussion' started by JIT, 29th Jun, 2007.

?

Equity/Net Assets = Total Assets - Total Liabilities (inc. PPOR and partner's A & L)

Poll closed 27th Jul, 2007.
  1. 0 - $99,999

    6 vote(s)
    11.1%
  2. $100,000 - $499,999

    7 vote(s)
    13.0%
  3. $500,000 - $999,999

    13 vote(s)
    24.1%
  4. $1,000,000 - $1,999,999

    19 vote(s)
    35.2%
  5. $2,000,000 - $2,999,999

    7 vote(s)
    13.0%
  6. $3,000,000 - $4,999,999

    0 vote(s)
    0.0%
  7. $5,000,000 - $9,999,999

    0 vote(s)
    0.0%
  8. $10,000,000 - $19,999,999

    1 vote(s)
    1.9%
  9. > $20,000,000

    1 vote(s)
    1.9%
  1. JIT

    JIT Well-Known Member

    Joined:
    2nd Dec, 2006
    Posts:
    240
    Location:
    Melbourne
    Hi everyone,

    I'm bored! - so just for interest, I thought I would put up this poll to see how Invested is stacking up in this equity building game.

    Equity = Net Assets = Total Assets - Total Tiabilities (including PPOR and your partner's assets and liabilities)

    Last time I did this on Somersoft, I called it the net worth figure and said you should not include your PPOR, which some disagreed with, so this time let's include the PPOR and call it equity or net assets...and see the results.

    Here's the current poll on Somersoft for comparison!

    Somersoft Equity/Net Assets Poll - Somersoft Property Investment Forums

    GSJ
     
  2. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    For people who arent out of consumer debt yet, you should have had some -ve options
     
  3. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    Wow, there are a couple in the 8 figure club. That's awesome.
     
  4. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    yeah! On that money I could buy a luxury boat and just fish all year round.
     
  5. vandalic

    vandalic Active Member

    Joined:
    2nd Jan, 2007
    Posts:
    35
    Location:
    Brisbane, QLD
    If you don't mind saying who was a 2m+ voter?
     
  6. coopranos

    coopranos Well-Known Member

    Joined:
    11th Oct, 2006
    Posts:
    498
    Location:
    Perth
    GSJ
    just out of interest, what investments do you currently hold?
    Cheers
     
  7. Sk3tChY

    Sk3tChY Well-Known Member

    Joined:
    4th Aug, 2007
    Posts:
    358
    Location:
    Sydney, NSW
    Im not sure how to work it out, but I still know I fall into the lowest category.. :(

    Im only 20 tho, so I still got some time to catch up to these old bugga's in the millions!! :)
     
  8. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    Add up the stuff you own, eg money in the bank, take away stuff you owe, eg loans.

    If you have $200 in your bank account, but owe $15,000 on a car, your assets - liabilities would be 200 - 15,000 = 14,800 your net worth is -ve 14,800.

    (you could include your car as an asset I guess, but its a depreciating asset, eventually you would throw it away or sell it for a pittance. A houses are appreciating assets (well the land under them usually is the bit that appreciates) which is why they are allowing your Place of Permanent Residence in this poll)

    my equation works out like this:

    Assets:
    Villa unit worth $200,000
    bank accounts $2,500
    managed funds $1,500

    Liabilities:
    loan on villa unit $167,000
    loan on bike $8,000
    overdraft $2,000
    credit card $2,000

    = $204,000 - $179000 = $25,000
     
    Last edited by a moderator: 8th Aug, 2007
  9. Sk3tChY

    Sk3tChY Well-Known Member

    Joined:
    4th Aug, 2007
    Posts:
    358
    Location:
    Sydney, NSW
    Yeah... I got no debt... Lucky me :p

    Prob all up im worth like $20,000 - $30,000 ... GO ME! :D
     
  10. transit

    transit Well-Known Member

    Joined:
    1st Jan, 2006
    Posts:
    58
    Go sketchy!!!

    This may make some people feel a bit better about their net wealth. It came from an email that was circulating awhile back and helps to put things into perspective.