BA70's Net Worth for March 2010


Assets Value Change ($) Change (%)
Cash $15,712 $480 3.15%
Stocks $38,488 $2,982 8.40%
Bonds $65,806 $783 1.20%
Annuities $0 - -
Retirement $258,085 $15,153 6.24%
Home $223,500 - -
Other Real Estate $0 - -
Cars $0 - -
Personal Property $0 - -
Other $0 - -
$601,591 $19,398 3.33%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $178,873 ($801) (0.45%)
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other $0 - -
Total Debts $178,873 ($801) (0.45%)
Net Worth $422,718 $20,199 5.02%
*All values shown in USD ($)
Notes:
03/05/2010 Nice rally going on. 52-weeks highs are well within reach now. Our assets are above $600k for the moment, and just $2k from our all time high back in October of 2007. I think it's likely we will drop below the $600k asset level again next month when it comes time to update our home's value - it's been on a slow slide downhill over the last 5 or 6 months. Overall assets are still 30% in cash. If we have a large pull back we will put some of the money on the sidelines back to work. 03/11/2010 13 years left on our mortgage if we keep paying an $500 extra in principal each month. I'd like to see that cut down under 10 years, but we'd need to put down a good lump sum to make that happen (about $30k). We've got plenty of cash if we wanted to do it. It's a bad move, but I am more and more tempted... 03/17/2010 I doubled down on DIG today. Bumped my holdings from 200 shares to 500 shares - in at 35.88. Hoping that the market momentum carries a little further. I don't have a strike price set, but if I can stick to my guns I'll bail at 38.50. I think greed is getting the better of me, but it seems like the fundamentals are there for these shares to continue rising. Demand is rising, and we're a few months away from Summer Driving and Hurricane seasons - sometimes this adds a risk premium to the price. I may be out well before then, we'll see. This is a big position for me, so my "jitter level" is moderate to high. Our shares of GE continue to recover - now at $18. This puts our losses there at less than 50%. We placed a large trade on those shares back in 2007 - I'd put that at #2 in the list of the worst moves I've ever made. Some memorable bad moves: #1 - Major move into QQQ in October of 2000. (Based on a Bob Brinker call that I went waaay overboard with) #2 - GE in at 32 (on it's way down from 41 - never catch a falling knife...) in 2007. Bottomed in the 6's in 2009. Still holding. #3 - APPL bought at 140, and then more at 170 - bailed at 90 when Steve Jobs left due to illness. #4 - RIMM - Attempted a sideways trade from APPL to RIMM take the stock loss on APPL. Went into RIMM and lost even more money... #5 - PEIX - Pure speculation on market buzz - in at 30, out at 27. In the broader market we're within 1% of 52 week highs. If I had to guess I'd say we'll move higher through mid-May. Watch out KTID, we're right behind you now! Happy St. Patty's day! 03/20/2010 Already bailed on my DIG trade. The loss I incurred effectively wiped out profits from my earlier trade where I got in at $29.75, and out at $35... How sad. Trading on emotion continues to screw me. I think I need to set some rules and live by them. A couple other notes. Our home value continues to go downhill. Latest check of Zillow shows out house listed at $216k. I will be getting my review at work on Monday. Generally it looks favorable. I do believe I will be getting a raise as an outcome - but that will come in June. With any luck the raise will push me into six figures. Hard to believe... 03/23/2010 And away we go... 10,888 and headed higher - no doubt about it. It shouldn't take long to take out 11k. 10% unemployment, $14 Trillion in debt. HA!!! DIG is headed back up again. Hmmm... On another note, I had my review today. Went well. The company has a budget of 2.6% for "merit increases" which should occur in May or June. My best guess is that I will end up with a 3% raise out of the deal. Time will tell.

Comments