Layout:
Home > October 2012

October 2012

November 5th, 2012 at 01:18 am

Cash & Savings: $75,978 => $76,817 (1.1%)
Foreign Currency: $34,608 => $34,773 (0.48%)
Domestic Brokerage: $177,694 => $176,878 (-0.46%)
International Brokerage: $173,485 => $174,629 (0.66%)
401(k): $88,129 => $90,297 (2.46%)
IRA: $99,506 => $97,381 (-2.14%)
Roth IRA: $12,930 => $12,707 (-1.72%)
Total Assets: $662,330 => $663,482 (0.17%)

Other than that October proves to be another difficult month because despite my monthly contribution into these brokerage accounts their balance still don't increase meaning I'm losing money on my investment.

With the US election coming to an end by this week the stock market hopefully can put that jittery away. It's time for me to adjust my 401k selections by putting more money into stock funds, at least S&P 500 index fund instead of money market fund that doesn't yield anything. I redirected my contribution into money market back in 2009 due to the market condition and back then I had completely lost faith in the US financial market to govern itself. In fact, I still don't have faith in that but at least now there is Dodd-Frank to pressure financail institutions to behave better.

2 Responses to “October 2012”

  1. Jerry Says:
    1353938139

    Recent history has lead me to lose faith in most US financial institutions, as well. We now mainly use USAA, who we trust who who also is our insurance company, and we are going to close our other US accounts and maintain the rest overseas. It's either that, or thicker mattresses. Wink Jerry

  2. Easy Cloud Says:
    1354858906

    Jerry, you're definitely bolder than me. I don't think I can move most of my assets overseas but the West has shown the world the negative side of capitalism in the last few years, which is a pitty. What I've been struggling in the last give years is that - nothing really workds. I have to be responbile of some bad investment choices but net net only stocks I bought more than a decade ago like Phillip Morris and some MLPs, other than that, most are failures, just different degrees of failures. Perhaps mattress is a better choice I should seriously consider.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]