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Archive for August, 2008

August 08

August 31st, 2008 at 05:00 pm

Cash & Savings: $56,307(32.90%)
Foreign Currency: $29,385 (-46.22%)
US Brokerage: $98,555 (0.24%)
Overseas Brokerage: $28,859 (-4.66%)
401(k): $17,519 (-0.82%)
IRA: $84,852 (-0.32%)
Roth IRA: $16,846 (-3.57%)
Total Assets: $332,323 (-3.54%)

Due to a large payment I have to made in August half of my foreign currency has to be converted back into USD. The timing is right when the USD starts to rise so short term it is ok. I'm also on target to lower my future mortgage payment to my target level.

The US equity market has some what stabelized in August but the world equity market hasn't. Regardless we are still in the middle of a global recession if not the beginning of it.

The main reason my cash level can maintain at this level is due to the large amount of tax refund I received from uncle Sam in August. I am also able to resume contributing to my 401(k) starting next month and hopefully by end of year I can even fund my Roth IRA for 2008.

July 08

August 1st, 2008 at 04:18 pm

Cash & Savings: $42,368 (+24.97%)
Foreign Currency: $54,636 (-5.95%)
US Brokerage: $98,322 (-1.55%)
Overseas Brokerage: $30,268 (1.40%)
401(k): $17,664 (-2.07%)
IRA: $84,121 (-3.78%)
Roth IRA: $17,468 (0.80%)
Total Assets: $344,847 (0.10%)

In July I started to pay down the principle on my mortgage so I can lower my monthly payment by the time my ARM re-adjust in October. I'm sure I'm on the same boat just like everyone else where selling the house really isn't an option unless I'm willing to take the hit.