My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.

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MONTHLY ARCHIVE

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Jan 2003 (29)


 

Monthly Update - January 2009 ($796,679, -$11,654)

Contributed by mm | February 1, 2009 12:30 AM PST

networthicon.jpgWe continued to live below our means and save a huge portion of our income. But even though our portfolio is only mildly exposed to equity investments, we still took a hit from worst market performance in any January since 1928. As a result, our net worth retreated 1.4% and dipped below the $800k mark.

On the other hand, our mutual fund automatic investment plan is in its full throttle. $23,000 net purchase was made in the month, bringing our total investment exposure as a percentage of net worth by two points to 33.4%.

BALANCE SHEET

net-worth-0901.jpg

NOTES

- The entire credit card balance is in 0% APR balance transfer deals or spending in the last 30 days.
- Tax liability grows as a result of incremental investment losses.
- Life still goes on … the MM family is celebrating Chinese New Year in a beach vacation in Hawaii. We are off to see the volcano!

More PFBlog Articles You Might Find Interesting ...


01/27/14 | 2013 Year-End Update ($1,659,549)
01/02/12 | 2011 Year-End Update ($1,212,450) | (3)
04/09/11 | Monthly Update - March 2011 ($1,149,008, +$2,362)
03/05/11 | Monthly Update - February 2010 ($1,146,646, +$19,373)
02/05/11 | Monthly Update - January 2010 ($1,127,273, +$4,906)




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This Post Has Received 4 Comments. Share Your Opinions Too.


York Commented on February 1, 2009

MM - Do you perform any budgeting and projections at the beginning of each year? What are these looking like for 2009?


Michelle Pesto Commented on February 3, 2009

Completely off topic here, but with the economy and all ...
Does it make sense to pay down on my mortgage by making extra payments if I plan t sell the house in 5 years or less?


MM Commented on February 4, 2009

Michelle, the short answer will be: if you will still have a good cash cushion for unexpected emergency, and you cannot find better use of your cash (say credit card repayment, or any other higher interest rate loans, or taking risks in stocks, etc.), it doesn't hurt to hasten some mortgage payments for predictable gain.


Michelle Pesto Commented on February 5, 2009

THANKS MM I really appreciate it, I'm trying to learn ways on how to leverage my money so that i can have more disposable income...any ideas?

Read More ... 139 Posts In The Same Category


01/27/14 | 2013 Year-End Update ($1,659,549)
01/02/12 | 2011 Year-End Update ($1,212,450) | (3)
04/09/11 | Monthly Update - March 2011 ($1,149,008, +$2,362)
03/05/11 | Monthly Update - February 2010 ($1,146,646, +$19,373)
02/05/11 | Monthly Update - January 2010 ($1,127,273, +$4,906)
01/01/11 | Monthly Update - December 2010 ($1,122,367, +$37,499) | (1)
12/03/10 | Monthly Update - October/November 2010 ($1,084,868) | (3)
10/05/10 | Monthly Update - September 2010 ($1,067,889, +$47,223) | (7)
09/17/10 | Monthly Update - August 2010 ($1,020,665, +$34,678) | (3)
08/02/10 | Monthly Update - July 2010 ($985,987, +$24,773) | (1)
07/09/10 | Monthly Update - June 2010 ($961,214, -$4,421) | (3)
06/07/10 | Monthly Update - May 2010 ($965,329, -$45,686) | (6)
05/09/10 | Monthly Update - April 2010 ($1,011,016, +$6,626) | (3)
04/07/10 | Finally, A Million! | (33)
03/03/10 | Monthly Update - February 2010 ($984,687, +$14,331) | (3)
02/05/10 | Monthly Update - January 2010 ($970,356, +$452) | (11)
12/30/09 | Net Worth Trend: '07-'09 | (5)
12/28/09 | Decade of Progress | (8)
01/02/09 | The $1M Goal Revisited: Should I Take Risk? | (11)
01/01/09 | Annual Update 2008 ($808,333) | (10)
12/31/08 | Bye Bye 2008 | (5)
06/03/08 | Monthly Update - May 2008 ($885,297, +$12,932) | (65)
05/10/08 | Monthly Update - April 2008 ($872,365, +$39,068)
04/08/08 | Monthly Update - March 2008 ($833,298, +$5,976) | (10)
04/08/08 | Monthly Update - February 2008 ($827,321, -$25,287) | (1)
02/09/08 | Monthly Update - January 2008 ($852,608, -$42,790) | (10)
01/11/08 | 2008 Financial Goals | (9)
01/05/08 | 2007 Net Worth Growth Goal vs. Result (and Brief Annual Income Statement) | (3)
01/02/08 | Monthly Update - December 2007 ($895,398, +$19,549) | (1)
12/30/07 | Financial Plan 2008: Net Worth Growth Goal = $220,000 | (7)
12/27/07 | Financial Plan 2008, Part 3: Spending and Tax
12/24/07 | Financial Plan 2008, Part 2: Investment Income
12/22/07 | 2008 Financial Plan: Participation Award Winner Announced | (2)
12/21/07 | Financial Plan 2008, Part 1: Earned Income | (1)
12/14/07 | How Accurate Are My Predictions of 2007? Part 3: On Expense and Closing Comments | (3)
12/11/07 | How Accurate Are My Predictions of 2007? Part 2: On Investment Income
12/07/07 | How Accurate Are My Predictions of 2007? Part 1: On Earned Income | (4)
12/01/07 | Monthly Update - November 2007 ($875,850, -$33,806) | (5)
11/01/07 | Monthly Update - October 2007 ($909,656, +76,911) | (6)
10/08/07 | Running Household Finance As A Business: Charting the Money-Making Machine | (8)
10/01/07 | Monthly Update - September 2007 ($832,745, +$39,275) | (14)
09/18/07 | What's Next After Five Years Of Gains? | (12)
09/07/07 | Monthly Update - August 2007 ($793,469, +$31,328) | (7)
08/04/07 | Monthly Update - July 2007 ($762,141, +$5,217) | (9)
07/07/07 | Monthly Update - June 2007 ($756,924, +$3,438) | (9)
06/03/07 | Monthly Review - May 2007 ($753,486, +$30,033)
05/01/07 | Monthly Review - April 2007 ($723,414, +$45,748) | (9)
04/04/07 | Is $1M Still Enough? | (39)
04/02/07 | Monthly Review - March 2007 ($677,666, +$24,212) | (3)
03/09/07 | Running Household Finance As A Business, The Introduction | (5)
03/03/07 | Monthly Review - February 2007 ($653,454, -$7,582) | (7)
02/01/07 | Monthly Review - January 2007 ($661,036, +$29,785) | (6)
01/02/07 | Monthly Review - December 2006 ($631,251, +$26,716) | (7)
12/30/06 | Financial Plan 2007: Strategic Intentions and Financial Goals | (5)
12/23/06 | Financial Plan 2007: The Landscape | (11)
12/02/06 | Monthly Review - November 2006 ($604,535, +$28,543) | (20)
11/01/06 | Monthly Review - October 2006 ($575,992, +$29,210) | (16)
10/20/06 | Six Figure Blogging | (17)
10/01/06 | Monthly Review - September 2006 ($546,782, +$29,283) | (12)
09/04/06 | Our Wealth Accumulation Is Gaining Velocity! | (4)
09/02/06 | Monthly Review - August 2006 ($517,498, +$38,185) | (13)
08/03/06 | Monthly Review - July 2006 ($479,314, +$18,101) | (2)
07/27/06 | No More Social Security Tax Payment in 2006! | (9)
07/20/06 | 2006 Mid-Year Review | (6)
07/08/06 | Monthly Review - June 2006 ($461,213, +$10,941) | (3)
06/11/06 | Monthly Review - May 2006 ($450,271, -$5,489) | (4)
05/05/06 | Monthly Review - April 2006 ($455,760, +$6,667) | (8)
04/03/06 | Monthly Review - March 2006 ($449,093, +$16,267) | (5)
03/04/06 | 2006 Personal Finance Goals | (5)
03/02/06 | Monthly Review - February 2006 ($432,826, +$6,073) | (12)
02/27/06 | The 2006 Financial Plan: The Footnotes
02/11/06 | The 2006 Financial Plan | (8)
02/02/06 | Monthly Review - January 2006 ($426,753, +$26,206) | (10)
01/03/06 | Why I Don't Reveal Income Information, and Some Revelation | (10)
01/01/06 | Monthly Review - December 2005 ($400,548, +$6,250) | (7)
12/03/05 | Monthly Review - November 2005 ($394,298, +$40,622) | (13)
11/05/05 | Monthly Review - October 2005 ($353,676, +$89,790) | (10)
10/21/05 | A Thousand Moving Parts | (11)
10/04/05 | Monthly Review - September 2005 ($263,886, +$1,832) | (4)
09/07/05 | Monthly Review - August 2005 ($262,054, +$23,273) | (3)
08/03/05 | Monthly Review - July 2005 ($238,781, +$7,662) | (5)
07/07/05 | Financial Goal Restated | (21)
07/05/05 | Three Years in Five Charts | (6)
07/03/05 | Monthly Review - June 2005 ($231,119, +$4,376)
06/28/05 | Technical Detail of Excel-Based Net Worth Report | (10)
06/14/05 | A Long Summer Ahead | (13)
06/02/05 | Monthly Review - May 2005 ($226,743, +$6,465) | (23)
05/17/05 | Nickle and Dime Toward Maximum Savings | (4)
05/15/05 | 73 Accounts and Counting | (6)
05/03/05 | My Offline Excel Models #1: Monthly Snapshot | (12)
05/03/05 | Monthly Review - April 2005 ($220,278, +$11,945) | (2)
04/05/05 | Monthly Review - March 2005 ($208,333, +$2,991)
03/13/05 | Practical Accrual Accounting in Microsoft Money and Quicken | (3)
03/09/05 | Personal Accounting: Cash Method or Accrual Method? | (7)
03/02/05 | Monthly Review - February 2005 ($205,342, +$4,646)
02/23/05 | Why Do You Need Software For Personal Finance Management? | (9)
02/08/05 | Financial Plan 2005: Summary
02/04/05 | Monthly Review - January 2005 ($200,696, +$5,175) | (3)
02/01/05 | Financial Plan 2005: Expenses
01/30/05 | Financial Plan 2005: Income
01/30/05 | Financial Plan 2005: The Overview
01/26/05 | Year 2005 Financial Objectives | (2)
01/21/05 | 2004 Performance Grade: C+
01/17/05 | A Year's Worth Of Expenses
01/07/05 | Monthly Review - December 2004 ($195,522, +$7,150)
01/03/05 | 2004 Savings Scorecard | (1)
12/02/04 | Monthly Review - November 2004 ($188,372, +$11,947)
11/01/04 | Monthly Review - October 2004 ($176,425, +$3,150)
10/01/04 | Monthly Review - September 2004 ($173,275, +$4,418) | (6)
09/02/04 | Monthly Review - August 2004 ($168,857, +$12,062)
08/12/04 | Conservative Net Worth Accounting
08/01/04 | Monthly Review - July 2004 ($156,795, +$4,577) | (2)
07/30/04 | CFA Level I Passed | (2)
07/01/04 | Monthly Review - June 2004 ($152,219, +$3,209) | (1)
06/01/04 | Monthly Review - May 2004 ($149,010, +$4,384)
05/02/04 | Monthly Review - April 2004 ($144,626, +$2,334)
04/02/04 | Monthly Review - March 2004 ($142,292, +$2,287)
03/05/04 | Definitions of Balance Sheet Buckets
03/04/04 | Monthly Review - February 2004 ($139,905, +$3,653)
02/01/04 | Monthly Review - January 2004 ($136,252, +$3,668)
01/06/04 | Year 2004 Financial Objectives
01/05/04 | Total Return on Investable Cash
01/04/04 | Results of Year 2003 Financial Objectives
01/04/04 | Monthly Review - December 2003 ($132,584, +$8,123)
12/31/03 | Year-End CFI Summary
11/30/03 | Monthly Review - November 2003 ($124,461, -$105)
11/05/03 | Is $1,000,000 Enough? | (6)
11/01/03 | Monthly Review - October 2003 ($124,556, +$4,663)
10/01/03 | Monthly Review - September 2003 ($119,902, +$10,576)
09/28/03 | ACCOUNTING RULE - Bonus Accrual
08/25/03 | Finances in My Home Buying
08/16/03 | ACCOUNTING RULE - Home Related Accounting
06/30/03 | Complete Financial Model of House Buying vs Renting | (8)
02/14/03 | ACCOUNTING RULE - Floating Income Tax Recognition
02/07/03 | ACCOUNTING RULE - Car-Related Accounting
02/04/03 | ACCOUNTING RULE - ESPP Accounting
01/16/03 | "Retirometer" | (1)
01/02/03 | Year 2003 Financial Objectives








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