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Archive for November, 2003
Some interesting developments in the last month. First of all, now I’m including my new student loan, since I’ve started getting reimbursed for my MBA. However, I haven’t applied any of the reimbursement to the loans yet. I was holding on to the cash because of the possibility of buying a car. I’ve decided to wait, so after I receive my next reimbursement check, I’ll be making a large payment to my older student loan with the higher interest rate.
I’m also using some of the money I’ve saved up to buy parts for a new computer I’m building. I’ve bought about $350 worth of parts so far.
| | November 17 | October 12 | | Cash Accounts: | $ 14,242 | $ 10,920 | | Taxable Investments: | $ 2,921 | $ 2,860 | | 401k (Pre-Tax): | $ 7,682 | $ 7,259 | | Roth IRA: | $ 1,017 | $ 754 | | Credit Cards: | ($ 571) | ($ 1,747) | | Student Loan 3.97%: | ($ 3,562) | ($ 3,562) | | Student Loan 2.82%: | ($ 9,250) | $ - | | Home Inventory: | $ 7,959 | $ 7,659 | | TOTAL | $ 20,554 | $ 24,143 |
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By Flexo on Saturday, November 15th, 2003 at 2:22 pm | Comments Off
 MSN Money – Why buy and hold is baloney
Well, I’ve been operating under a “buy and hold” strategy for my investments over the last year. It seems the easiest to do without a major time commitment, with a stable return which has historically proven to be good. Yes, I know that “past performance does not guarantee future results,” but over the course of 40 years, most people think it’s fair to say we’ll see the same kind of returns on the indices as a whole.
People have been saying otherwise lately. There is talk of a huge “market correction” based on the fact that economy in general has been overpriced, not just since the tech boom of 1999-2000, but since the beginning of the Industrial Revolution. Taking this further, according to some calculations, we’re due for a market correction with a duration of several centuries, as a result of the fall of the Holy Roman Empire in A.D. 476. I’m not sure if I believe the extreme way of thinking, but it doesn’t look too pretty for the world economy, if this is the case.
Back to the article. What this author is suggesting sounds like it would garner so much to be paid in fees, it’s just not worth it. Anyone have any thoughts?
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By Flexo on Tuesday, November 11th, 2003 at 12:31 pm | Comments Off
MSN Money – 9 ways to look rich but live cheap
This article offers some tips on how to live a rich lifestyle while not having to spend much money. I’ll revisit this later.
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By Flexo on Monday, November 10th, 2003 at 9:21 am | 4 Comments
U.S. Mint to unveil nickel commemorating Lewis & Clark – Nov. 6, 2003
Hot on the heels of the ending of the State Quarters redesign program, the mint unveiled two new designs for reverse side of the Jefferson five-cent piece. The obverse will remain the same, according to the CNN article.
 
The “Louisiana Purchase/Peace Medal” design will be released in the spring of 2004 and the “Lewis & Clark Keelboat” will arrive in the fall. More information can be found on the US Mint website.
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By Flexo on Thursday, November 6th, 2003 at 2:55 pm | Comments Off
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