Some Good News In A Sea of Bad…

Nov 14, 2007 @ 02:22 pm by EMS

I receive daily emails from my brokerage telling me how much I gained or lost that day in my IRA accounts.  I always thought it would be a special day when one of those accounts gained more than $1,000 for a day.  Well, that day finally happened yesterday.  Unfortunately, the previous 5-days have been a major beat-down on my portfolio and yesterday’s gain puts me no where near where I was at the beginning of the month…

Oh well, such is the market.  It was a good day regardless.

 Up Over $1,000

October 2007 Net Worth Report (+7,889) – 2007 Net Worth Goal Achieved!

Nov 01, 2007 @ 11:21 am by EMS

With 2 months left to go in the year, I’m happy to report that we’ve reached our 25% net worth increase for 2007 goal!

October was yet another great month in the market for us.  We saw large gains in many of our holdings including VMW, AAPL, and EMC. On the income side, we also saw some one-time gains from an employee bonus.  Liabilities also increased a fair amount, but this is due to a 0% arbitrage game that I’m playing with one of my credit cards at the moment.

The game-plan for the rest of the year is simple:

  • A market correction is bound to happen, don’t let it knock the net worth into a negative report.
  • Some extra-income will be realized because of some extra work I’ve taken on at the university.
  • Enjoy the holidays, but keep it reasonable.  I ordered my Christmas present early – a Mac Mini.  For the kids, keep things sensible and try to remember that at this point in their lives, more value will come from college savings as opposed to another toy that will be forgotten.
  • Continue with the energy savings.  The Smart Strip (mentioned earlier) should help on the electricity side.  With the rising cost of gas, limit the number of multiple trips taken into town.
  • I’d like to see a $205,000 net worth as of 12/31, but don’t get down on myself if I don’t quite reach it for whatever reason.

October 2007 Net Worth Report



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