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Archive for September, 2014

August 2014

September 4th, 2014 at 03:31 pm

Cash & Savings: $105,322 => $137,364 (30.42%)
Foreign Currency: $37,717 => $37,778 (0.16%)
Domestic Brokerage: $219,837 => $227,397 (3.44%)
International Brokerage: $234,918 => $237,743 (1.2%)
401(k): $130,807 => $131,465 (0.5%)
IRA: $43,022 > $43,958 (2.18%)
Roth IRA: $105,873 => $110,991 (4.08%)
Total Assets: $877,496 => $925,896 (5.52%)
Again the big jump in cash position has a lot to do with all the business travel expense reimbursement. The rise in domestic brokerage and retirement account reflects the strong US stock market but international doesn't fare that well.

As I mentioned in my reply to fellow blogger ‘snafu’ I met a financial adviser from Fidelity last Friday since I qualified for their premium service. He looked at my new 401(k) account and suggested what funds to invest and corresponding percentage. He will also look at other accounts and holdings I have to make a comprehensive proposal two weeks later.
There are three things I need to do this month:
1) My previous employer still hasn't moved their 401(k) account from Merrill Lynch to Fidelity and as a result I can’t make any adjustments there. I need to find out how long this process is going to take because six weeks seem way too long to me.
2) I decided to invest $15,000 in a start-up my friend and his partner started a few months ago. The investment will be made in promissory note with a 5% interest if the business doesn't take off in two years.
3) Move some extra cash into my Fidelity brokerage account and buy some low cost funds, including S&P 500 index fund. Fidelity has a promotion that gives you $100 if you move $50,000 over and $200 if you move $100,000 over but that is not why I’m moving more cash over, it’s to deploy cash into other investment vehicles.