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.