Friday, September 4, 2009
Autumn came a little earlier for me this year, August was the first down month I have had since April and only the second month this year I haven't seen growth. August just seemed to have a lot of cool and expensive weekends along with purchasing a new TV and piece of furniture for the TV. The major loss came in my 401k which I found was an accounting mistake by me. You might have noticed as well that I added "precious metals" under my assets because I am planning on buying some silver and some gold here. I will start small and see how it goes. It will not be a investment to make money but more of a way to start protecting and creating wealth.
Lets break it down:
Cash & Savings: This is mostly because I purchased a TV which we paid cash for and a new piece of furniture for it. I also had a long weekend in Chicago for a bachelors party where the money flowed like it grows on trees. Either way I still was able to save a few hundred so I cannot complain! This bracket holds the funds for my down payment on house(which is currently on hold again), engagement ring, insurance, auto maintenance, Roth IRA(before I max it out), and vacation. This is why it can be a little deceiving, it also holds my monthly budget in it. It has about 16-17k sitting around as savings the rest are funds that are going to be used at some point over the year. The rest is used on a daily bases for covering expenses, rent, food, auto, etc...
Stocks/Brokerage: This saw steady growth and I went to sell my my past employee stock and my account has a hold on it based of updating address and such from moving. I will be cashing out on that this month along with buying a few hundred dollars of FAZ (shorting the financial stocks) even though I have lost a bit with it.
Retirement 401k: As I have been saying if the dow hits 10k or end of september I will roll half of my old 401k into an IRA and let it sit in cash until we see a major pullback. When I went to transfer it to my Vanguard account, I saw where my actual amount was smaller than what the account said, based of not being fully vested with my old company. Not sure why it was showing me the fully vest amount, but it was and that was a $3000.00 difference, ouch!
Retirement IRA: Finally got over the $5000.00 mark! This should jump next month once I rollover my old 401k. Besides that nice steady growth is what I like to see.
Debts and Liabilities - Vehicle and Credit still high
Credit Cards: Most of this is still the engagement credit card with a 12 month 0% APR, I am not going to put much of a dent into this debt until the 12 month, when I will pay it off in full. I have that money going straight into my saving account creating a little interest off of it till I pay it in full. There was a little jump in debt but it is sorta in between stage, we purchased flights up to NYC and the furniture is on the credit card but all will be paid in full before interest is assessed.
Car Loan: Same story as last month...think I have stopped thinking about selling it.
So overall August was a bad month, but in the grand scheme of things, I like where I am at. September is already shaping up to be an expensive month. I have managed to lower my rent and get my cable bill reduced, so hopefully that will help slightly. I look to be on track the next couple of months and gain in my net worth if the stock market it can hold up. We will see next month!