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 Review - June 2006 ($461,213, +$10,941)

Contributed by mm | July 8, 2006 4:51 PM PST

We continued our financial rollercoaster ride in June, and fortunately, we ended up good in June with five-figure net worth increase. Our investment portfolio barely returned any gains by the end of the month -- this is after suffering some more losses in the first half with the furthering of global stock market correction in the first half of the month before recovering all of the losses in the second. As a result, our monthly result benefits mostly from our savings process: we will be able to save about half of our $20,000 monthly income after expenses and taxes. The good part: we are getting more used to the growing volatile nature of our net worth. While we are glad we can resume our net worth growth, we also understand it will be a stretch to repeat the 29-month streak of continued monthly net worth improvement.

BALANCE SHEET

2006_06_net_worth.JPG

There are a few signifant moves among different lines in the P&L. First, I bought some more stocks during the decline, more specifically adding more to our American International Group (AIG) holdings and opening the position of White Mountains Insurance (WTM). Brokerage line also includes some money-market-type funds, so our real cash position is still in the north of $100,000.

Separately, we paid off about $7,800 in our Discover card, in which we took advantage of 0% APR balance transfer since May 2005. We probably made $300 to $400 during the fourteen months roundtrip. (On the flip side, now that I'm sitting in Asia, it is much harder to explore the low-APR balance transfer territory more than I want.)

IMPORTANT PERSONAL FINANCE ISSUES IN MONTHS AHEAD

With the wrap-up of the first half of 2006, I'm about to summarize my H1 progress. I also made some progress in having a better handle of the corporate finance aspect of our small business; still, more to be done in the next two months.

This Post Has Received 3 Comments. Share Your Opinions Too.


makingourway Commented on July 9, 2006

I'd like to congratulate you. you're doing a phenomenal job savings and leveraging your expat situation!
Great job!
Regards,
makingourway


Flexo Commented on July 9, 2006

Great job as always, MM!


fatboy Commented on July 11, 2006

I have been adding to my position WTM since the stock tumbled. Currently, WTM makes up almost 60% of my portfolio.


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