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Archive for March, 2013

February 2013 - Ready for the sequester show?

March 3rd, 2013 at 04:30 am

Cash & Savings: $83,933 => $92,792 (10.55%)
Foreign Currency: $36,006 => $36,063 (0.16%)
Domestic Brokerage: $180,015 => $169,990 (-5.57%)
International Brokerage: $211,800 => $208,431 (-1.59%)
401(k): $95,527 => $96,966 (1.51%)
IRA: $35,670 => $35,493 (-0.5%)
Roth IRA: $83,305 => $83,082 (-0.27%)
Total Assets: $726,256 => $722,817 (-0.47%)

The memory of a strong January quickly fades away as a volatile end of February market takes over all the discussions. As I write this entry we already entered March where the automatic budget cut is supposed to kick in. The one thing that really worries me is that if the budget cut does happen then many air traffic controllers and TSA staff will be placed on furlough therefore creating long delays on air travel. For someone who travels cross country weekly this will be an absolute nightmare. I hope the White House and congress at least spare this part of the cut because it's not just the delay but also safety that concerns me.

In February I also moved $12,000, money I gained by selling some old stock holdings, from my brokerage account to my savings account in preparation of paying the remainder of my car payment and taxes. This also means I actually gained $2,000 in my US account and there's a net flow of $4,000 from my bank, probably to pay off my creid card.

My overseas account, however, does see a net loss of more than $4,000, which means a 2% loss. Not as bad if I look at it percentage wise.