My Financial Report - July 2008
- Net Worth
Despite the stock market performed poorly in June, thanks to the $1,200 economic stimulus payment, my net worth could still be up by 1.1% (+$1,920). - Bank and Cash Accounts
Admittedly, we have more cash than I’d like ($42K). I’m still considering to purchase some stocks, most of which are reaching the oversold territory, in my taxable portfolio (100% cash). As my wife will start a new job soon, I have been pondering about buying a second car, which most likely will be a fuel-efficient compact car such as Honda Fit/Civic, Nissan Versa, Toyota Yaris/Corolla, and Scion xA, but I’m starting to lean towards carpooling, if possible. The majority of my cash is now sitting at high-yield savings accounts such as HSBC Direct (3.50% APY) and E*Trade Bank (3.30% APY). - Other Assets
That’s not a Zillow estimate but the price we paid ($201K) two years ago. Zestimate for our house is currently 5% higher than our purchase price. - Investment Accounts
- CDs
I put most of the borrowed money ($22K) from a 0% APR credit card balance transfer offer in a 9-month Countrywide Bank CD (5.45% APY) that will mature in mid-July. - I-Bonds
I have some I-Bonds ($10K) bought in April 2008 (~4.43% APY). - Portfolios
In June, our retirement portfolios (-5.9%) performed badly as the market declined (S&P 500: -8.5%) but I am not too concerned as we’re dollar cost averaging (DCA) along the way. Our 401(k) and Roth IRA accounts ($73K) are on track to be maximized this year.
- CDs
- Credit Cards
- Balance Transfers
My only 0% APR balance transfer offer ($22K) will soon expire at the end of July. - Usage
I spent over budget this month (see chart below) with cash rebate credit cards like Chase Freedom (up to 3.75% cash back). The total balance will be paid off at the end of the billing cycle. - Loans
We still have 20 some years to go on our mortgage ($156K).
- Automobile
Our Honda Accord had scheduled maintenance at 90K miles and a couple wear and tear replacements for the brake pads and ball joints. The replacements weren’t in the budget so that hurt a little bit.
Trading or Investing:
July 3rd, 2008 at 1:15 pm
You know, I have to tell you, I really enjoy this blog and the insight from everyone who participates. I find it to be refreshing and very informative. I wish there were more blogs like it. Anyway, I felt it was about time I posted, I’ve spent most of my time here just lurking and reading, but today for some reason I just felt compelled to say this.