My Personal Finance Journey

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Monthly Update - August 2010 ($1,020,665, +$34,678)

Contributed by mm | September 17, 2010 2:34 PM PST

6398-networth.jpgEvery August, our net worth will predictably jump up since it is when the annual cash bonus is announced and annual stock grants are vested. This year is no exception. A handsome bonus and a batch of new vesting activities pushed our month-end tally by over $34,000 to a new record high of $1.02M despite the punishing environment in the equity market.

At the same time, it's great to see that my wife's freelancing career is reaching new heights with over $5,000 billable work in August alone with about 3 working days every week.

So, with 8 months in 2010 behind us, our net worth has increased by over $50,000 so far this year. Let's hope that this time, we will hold on to our seven-figures much longer compared to the two-month stint earlier this year.

6411_networth.jpg

Notes:

1) We booked the after-tax value of the announced annual bonus in the Receivable line, waiting for the eventual cash payout in September, hence the 282% increase in that line.

2) We haven't sold out the vested stock grant shares yet, and the rise in the "Stocks in USD" line reflects the increased MSFT shares (after mandatory tax deduction). This also reflects a $10,000 purchase of JNJ.

3) On the "Fixed Income Funds in USD" line, we sold our interest rate hedge position RYJUX -- obviously no interest rate hike is in sight now.

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S Commented on September 17, 2010

Impressive increase in August! Is this as of end of August or includes the rally in September?


dj Commented on September 21, 2010

what do you use for fixed income funds?


ALL Commented on September 22, 2010

yes of course share market is a good place to earn money but one should enter there only if he or she has the knowledge of it otherwise the money which the person invests can also go in vain.....but surely for those who have knowledge its a great place to earn were u r ur own boss



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