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Archive for September, 2007

Certificate of Deposite

September 20th, 2007 at 04:22 pm

I spoke about how I plan to find a high-yield MMA or CD last month. Interestingly, after doing some research after I returned from Malaysia, one of the highest yielding CD I found on BankRate.com is actually the Internet bank I have been using for years with a 5.43% APY. I used to have a savings account with them but closed it after ING Direct came out. That was before the mainstream banks like Citibank and HSBC introduced their online MMA offerings.

I opened the CD right before the Fed lowered their overnight lending rate by 50 basis points. However, I am surprised to learn that this move, however, doesn't make the bank lower their CD yield, at least not yet.

If I can stash away a little more I will put them into another 12-month CD as my emergency fund (instead of randomly invest it here and there).

First Update

September 20th, 2007 at 04:05 pm

I should have done the update more than 2 weeks ago but work has absolutel caught up on me after spending a week in Sabah, Malaysia for vacation.

Cash & Savings: $18,960.38 (+8.48%)
Brokerage: $130,217.05 (+4.34%)
401(k): $17,109.45 (+17.34%)
IRA: $91,379.13 (-2.01%)
Roth IRA: $16,475.24 (-12.88%)
Stock Option: $20,518.05 (-4.00%)
Total Assets: $295,195.40 (+1.52%)

Needless to say, if I had done it two weeks ago this report will look much gloomier than now.

The overall result is not awful but in the next entry I'll discuss why I have floundered and what actions I plan to take to improve my return.