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Home > August 2009

August 2009

September 2nd, 2009 at 06:12 pm

Cash & Savings: $91,774 (-0.32%)
Foreign Currency: $29,605 (0.18%)
US Brokerage: $81,229 (-5.83%)
Overseas Brokerage: $40,089 (1.76%)
401(k): $37,242 (3.45%)
IRA: $68,220 (0.92%)
Roth IRA: $17,377 (-4.10%)
Total Assets: $365,536 (-0.94%)

August turned out to be pretty ugly for domestic stock market and going into September it looks like emerging markets especially will be pretty bad as well.

In the next few months I expect to make some major purchases that wil reduce my cash level significantly. The goods news is that my 5/1 ARM just adjusted the second time and my new rate is only 3.625% due to the low interest rate environment in the UK. My rate readjust each year by 1-year LIBOR + 2.25%. This helps reduce my monthly mortgage greatly percentage wise but amount wise it's not that significant since my principle isn't that large to begin with.

Posted in Uncategorized | 3 Comments »

3 Responses to “August 2009”

  1. kimiko Says:
    September 3rd, 2009 at 06:26 am 1251959203
    1251959203

    I like your numbers, mostly because you list cash or cash equivalent. Lots of people who list their net worth tend to include market value for assets that depreciate quickly or illiquid assets where the appraised values may not reflect selling prices. It makes it difficult to estimate accurately. I realize this is not your net worth, but it's still nice to see.

  2. Jerry Says:
    September 4th, 2009 at 09:14 pm 1252098855
    1252098855

    I appreciate your numbers, as well, as they lead to a more realistic view of things. You are fortunate with your 5/1 ARM going down... that happened for a friend of mine, as well - although they were really sweating it before the adjustment! There's no insurance that will happen, of course. Have a great Autumn!
    Jerry

  3. Easy Cloud Says:
    September 4th, 2009 at 10:49 pm 1252104575
    1252104575

    Thanks for your comments about my numbers. There is another website I used on a monthly basis as well www.networthiq.com. It asks you to enter your debts such as home mortgages, student loans, credit card debt, car loans, etc.

    I decided not to list them here because the only debt I have is my home mortgage, which is not much and it's not like I plan to flip houses to make a quick profit. I will say that a few years ago I also got lured into the hot housing market and planned to purchase a condo then sell it in 2-3 years. I put down $2,500 of earnest money but an arson led insurance dispute caused the construction to be done in early 2007, a year later than promised.

    By the time you can already sense the slow down in the metro area and I decided to walk away. Even though I didn't recover the earnest money but at least I didn't walk into a potential time bomb. To date I still believe that's the right decision.

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