My Personal Finance Journey

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


By Topics

Overall:
0. About (10)
1. My Progress (139)
2. Car & Home (107)
3. Credit (138)
4. Banking (33)
5. Saving (49)
6. Investing (308)
7. Taxes (89)
8. Spending (74)
9. Misc (97)
A. Archive (49)



MONTHLY ARCHIVE

Feb 2014 (3)
Jan 2014 (6)
Jan 2012 (1)
Apr 2011 (1)
Mar 2011 (1)
Feb 2011 (1)
Jan 2011 (1)
Dec 2010 (1)
Oct 2010 (1)
Sep 2010 (1)
Aug 2010 (1)
Jul 2010 (1)
Jun 2010 (1)
May 2010 (1)
Apr 2010 (1)
Mar 2010 (6)
Feb 2010 (2)
Jan 2010 (7)
Dec 2009 (3)
Feb 2009 (4)
Jan 2009 (8)
Dec 2008 (1)
Jun 2008 (2)
May 2008 (2)
Apr 2008 (5)
Feb 2008 (3)
Jan 2008 (15)
Dec 2007 (32)
Nov 2007 (6)
Oct 2007 (8)
Sep 2007 (9)
Aug 2007 (24)
Jul 2007 (2)
Jun 2007 (1)
May 2007 (3)
Apr 2007 (4)
Mar 2007 (4)
Feb 2007 (13)
Jan 2007 (6)
Dec 2006 (3)
Nov 2006 (7)
Oct 2006 (7)
Sep 2006 (6)
Aug 2006 (4)
Jul 2006 (10)
Jun 2006 (1)
May 2006 (3)
Apr 2006 (2)
Mar 2006 (6)
Feb 2006 (6)
Jan 2006 (3)
Dec 2005 (1)
Nov 2005 (9)
Oct 2005 (8)
Sep 2005 (13)
Aug 2005 (25)
Jul 2005 (16)
Jun 2005 (17)
May 2005 (19)
Apr 2005 (20)
Mar 2005 (24)
Feb 2005 (23)
Jan 2005 (36)
Dec 2004 (40)
Nov 2004 (34)
Oct 2004 (17)
Sep 2004 (21)
Aug 2004 (59)
Jul 2004 (37)
Jun 2004 (31)
May 2004 (29)
Apr 2004 (52)
Mar 2004 (49)
Feb 2004 (49)
Jan 2004 (31)
Dec 2003 (48)
Nov 2003 (52)
Oct 2003 (29)
Sep 2003 (8)
Aug 2003 (5)
Jul 2003 (2)
Jun 2003 (2)
May 2003 (5)
Apr 2003 (2)
Mar 2003 (2)
Feb 2003 (3)
Jan 2003 (29)



 

Portfolio Update - December 2007 (Down 0.52%)

Contributed by mm | January 1, 2008 12:36 PM PST

portfolioicon.jpgSUMMARY

After another choppy ride in December, the domestic market retreated 0.7% and the foreign market MSCI EAFE index lost almost 3%. My benchmark index, which is composed of 50% domestic equity, 35% foreign equity and 15% cash, suffered 1.34%.

Speaking of my portfolio, although I took some (more) beatings in my large bank and credit card company holdings, my other financial stocks and energy holding came to the rescue. Also, my hand-picked foreign equity funds are performing extremely well compared to the index. All together, my portfolio only took a small haircut of 0.52% in December, which is much better than the 1.34% loss of the index.

Although extremely volatile in the latter half, 2007 is still a good year for investors committed to the market. For the year of 2007, my portfolio recorded a gain of 8.77%, besting my benchmark's 6.98% gain by a good margin.

TRANSACTIONS

The year-end distribution of all mutual funds make bookkeeping a nasty job in December. Other than that, I made a few adjustments to the portfolio:

1) To book some tax loss before the end of the year, I swapped some losing Citigroup (C) shares to JP Morgan (JPM).

2) Believing the market is still undervalued in the ongoing bearish mood, I continued to add some more exposure to the market, including more to FSTMX (domestic equity), JAOSX (foreign equity) and KBE (financial stock sector ETF).

Other than that, I'm gradually moving some cash balance to China to play the Dollar/Yuan carry trade, and hence you can see a higher-than-normal return on my cash account -- that includes some currency gains.

NEXT STEPS

1) I intend to complete a more thorough analysis of my 2007 performance by asset class (domestic equity vs foreign equity) and by vehicle (mutual fund vs individual stocks).

2) I will then take the learning and start thinking about my 2008 asset allocation and investment strategy.

6348-portfolio.jpg

This Post Has Received 44 Comments. Share Your Opinions Too.


Millionaire Money Habits Commented on January 1, 2008

That's a pretty healthy portfolio!


deborah Commented on January 1, 2008

This coward is routing for you, but I am in nothing but government guaranteed deposits for now.

I will make about a risk-free 4% return on investments over the next year.


Creative Investor Commented on January 8, 2008

deborah: Would that 4% risk-free return include inflation as well? With inflation running at 2-4% a year (depending on the source), it's nothing to sneeze at, so you should consider that as well.


Deborah Commented on January 9, 2008

I will be losing to inflation, however, I just don't trust the market. I suppose losing about 1/3rd in the tech bubble has left me very cautious and the market is simply a highly risky place to have your money right now.

I think we are heading into a bear market and I would rather preserve capital and lose to inflation rather than risk having a negative return. I think negative returns are a very strong possibility for 2008.


Ro Commented on January 16, 2008

Hi! Great work on this, but one question, I don't quite follow how your Actively Managed Portfolio holdings go from 857K to 863K yet you register a loss? I understand the purchases/sales factor in to the gain/loss calc, but intuitively it doesn't jive with me. Any thoughts?


MM Commented on January 16, 2008

Ro, there is a cash infusion of $10,175 that makes the difference.


Ro Commented on January 17, 2008

MM, sure, but where does that come from? Is it supposed to just account for salary income that isn't accrued into the net worth calc (i.e. it gets accounted for when cash comes in)? Otherwise i would assume any other cash should already be accounted for in the net worth.


MM Commented on January 17, 2008

Ro, technically I do this by calculating any cashflow in or out of my investment accounts ... yes it won't tie to my cash position in my balance sheet.


Ro Commented on January 17, 2008

MM, mechanically i see how that works out in the ssheet, and the gain/loss makes sense. But i still don't see how you reconcile the difference in Actively Managed Portfolio value from Month-to-Month. I would think that the difference between months should be: End of This Month = End of Last Month + Gain(Loss) + Unaccrued Assets (Salary, Gifts, Inheritance, etc).


Opair lvus Commented on May 30, 2017


Derekhef Commented on August 20, 2017

t free viagra online high
laugh|[url=http://viagraicn.com/viagra-commercial-asian]kamagra vs viagra[/url]
best place to buy viagra online


MelvinDonge Commented on August 20, 2017

s viagra casero companion
pretty|[url=http://erectionpillsvcl.com/viagra-high-blood-pressure]free viagra samples[/url]
how to take viagra 100mg


JuliusClema Commented on August 21, 2017

t generic viagra legs [url=http://viagrayc.com]viagra[/url] buy viagra online
r buy prednisone online front [url=http://prednisoneyc.com]prednisone 5mg[/url] buy prednisone
m levitra online school [url=http://levitrayc.com]buy vardenafil[/url] levitra coupon


FrankieJaw Commented on August 21, 2017

n prednisone online bound [url=http://prednisoneyc.com]buy prednisone online[/url] buy prednisone online


JuliusClema Commented on August 21, 2017

o buy sildenafil interest [url=http://viagrayc.com]generic viagra[/url] generic viagra
b payday loans online favour [url=http://paydayloansyc.com]payday loans online no credit check[/url] online payday loans no credit check
o provigil cost house [url=http://modafinilyc.com]provigil coupon[/url] modafinil cost


JuliusClema Commented on August 21, 2017

q prednisone online before [url=http://prednisoneyc.com]prednisone 10mg[/url] prednisone 5mg
h canada pharmacy talked [url=http://canpharmacyyc.com]canadian pharmacy reviews[/url] canada drugs
q generic viagra online bit [url=http://viagrayc.com]generic viagra online[/url] viagra


Michaelabaft Commented on September 3, 2017

viagra online money order
viagra without doctor
what is best generic viagra
[url=http://bfviagrajlu.com/#]viagra without a doctor prescription[/url]
can you get viagra for performance anxiety


Anthonywef Commented on September 4, 2017

generic viagra capsules
viagra without prescription
viagra online comparison
[url=http://bfviagrajlu.com/#]viagra without a doctor prescription[/url]
can you take viagra and levitra together


Dennislaf Commented on September 4, 2017

getting viagra in new zealand
viagra without doctor
viagra safe get pregnant
[url=http://bfviagrajlu.com/#]viagra without prescription[/url]
when is viagra generic in us


WalterCow Commented on September 5, 2017

medicamento sildenafil 50 mg
viagra without prescription
order sildenafil online no prescription
[url=http://bfviagrajlu.com/#]viagra without doctor[/url]
e preciso receita medica para comprar viagra


Richardfaw Commented on September 5, 2017

viagra and other pills
viagra without prescription
viagra billig online
[url=http://bfviagrajlu.com/#]viagra without prescription[/url]
sildenafil tablets in australia


DennisBeazy Commented on September 6, 2017

generic brand viagra difference
viagra without prescription
buy viagra ebay
[url=http://bfviagrajlu.com/#]viagra without a doctor prescription[/url]
generic mail order viagra


JasonNeesy Commented on September 9, 2017

drug addiction support groups
alcohol rehab facilities
psychology of addiction
[url=http://drugrehabtrustedclinic.com/]drug addiction rehab centers[/url]
side effects from oxycontin


CharlesHef Commented on September 12, 2017

real viagra sale online
cheap viagra online canada pharmacy
[url=http://nkwcheapviagraueo.com/]cheap viagra 100mg[/url]
buy viagra cheap usa


RichardQuoca Commented on September 13, 2017

oxycodone withdrawal headache
alcohol rehab centers
breaking weed addiction
[url=http://drugrehabtrustedclinic.com/]drug and alcohol rehab[/url]
oxycodone withdrawal timeline


Louistit Commented on September 15, 2017

cialis 20 mg instrucciones
buy viagra online
[url=http://viagrajfeg.com/]buy viagra online[/url]
viagra buy online in india
buy cialis online
[url=http://cialisdmge.com/]cialis online pharmacy[/url]
costco pharmacy price viagra


CharlesLiede Commented on September 15, 2017

[url=http://atarax.directory/]atarax pill[/url] [url=http://buy-clindamycin.shop/]clindamycin[/url] [url=http://kamagra.fund/]kamagra[/url] [url=http://proscar.mba/]proscar 5 mg[/url]


Patrickagift Commented on September 15, 2017

can you buy cialis over the counter in the uk
buy viagra
[url=http://viagrajfeg.com/]viagra online[/url]
taking 2 viagra pills
cialis buy
[url=http://cialisdmge.com/]cialis online pharmacy[/url]
levitra discount canada


Patrickagift Commented on September 15, 2017

viagra 2009 sales
buy viagra
[url=http://viagrajfeg.com/]viagra online[/url]
online pharmacy cheap viagra
online cialis
[url=http://cialisdmge.com/]cialis online[/url]
reliable generic cialis sites


Brettlix Commented on September 15, 2017

[url=http://fluoxetine247.us.com/]order fluoxetine[/url] [url=http://medrolpack.us.org/]medrol[/url] [url=http://hydrochlorothiazide12.us.org/]Microzide[/url]


CarlosLes Commented on September 15, 2017

pfizer viagra online australia
online viagra
[url=http://viagrajfeg.com/]viagra online pharmacy[/url]
prospecto levitra 20 mg
buy cialis online
[url=http://cialisdmge.com/]buy cialis online[/url]
best way split viagra pills


CharlesLiede Commented on September 15, 2017

[url=http://furosemide20mg.pro/]furosemide 20 mg tab cost[/url] [url=http://buytadalis.store/]tadalis sx without prescription[/url] [url=http://buy-inderal.store/]inderal[/url] [url=http://viagrapills.pro/]viagra[/url]


Bennyanymn Commented on September 15, 2017

[url=http://doxycycline100mg.us.org/]doxycycline hyclate[/url] [url=http://cephalexin250mg.us.org/]cephalexin capsules[/url]


CharlesLiede Commented on September 16, 2017

[url=http://plavixgeneric.pro/]cost of plavix[/url] [url=http://buy-amoxicillin.reisen/]buy amoxicillin online[/url]


RickyCiX Commented on September 16, 2017

buy viagra in south africa
viagra 100mg pills
where to buy viagra in cabo san lucas
[url=http://gdoviagrakjyu.com/#]buy viagra 100mg[/url]
buy viagra soft tabs


AshleyMoigh Commented on September 17, 2017

buy cialis today
cialis canada
cheap cialis prescription
[url=http://fgocialisgfeb.com/#]cialis canada[/url]
order cialis no prescription canada


Donnienurce Commented on September 17, 2017

where can i buy cheap cialis
cialis canada
buy cialis montreal
[url=http://fgocialisgfeb.com/#]cialis online canada pharmacy[/url]
buy cialis tablets uk


ArthurJak Commented on September 18, 2017

Legitimate Canadian Mail Order Pharmacies
top rated canadian pharmacies online
discount pharmacy
[url=http://ehmcanadaufgpharmacypo.com/#]canadian online rx[/url]
canadian pharmacy online


DerrickNok Commented on September 18, 2017

canadian pharmacies
Canadian Drugs
best canadian mail order pharmacies
[url=http://ehmcanadaufgpharmacypo.com/#]Canadian Drugs[/url]
List of Safe Online Pharmacies


Kennithmus Commented on September 20, 2017

buy viagra cheap in canada
viagra no prescription
bula do viagra 25mg
[url=http://dyviagrahwithoutbdoctorklprescription.com/#]viagra no prescription[/url]
us prices viagra


Fvezxaparp Commented on September 20, 2017

guaranteed online personal loans - http://personalacrb.org/
no hassle payday loans personal loan bad credit ’


GbwEndurf Commented on September 22, 2017

cash loans not payday loans
cash advance loans
consolidate student loans
online payday loan ’


Nnbcdrima Commented on September 22, 2017

brand name viagra online sales
cheap viagra
viagra professional
cheap viagra ’


Nnbcdrima Commented on September 22, 2017

brand name viagra online sales
cheap viagra
viagra professional
cheap viagra ’


Add Your Comments










Remember personal information?




(It will take a few moments for your comment to be published. Please do not close the window until then.)


Read More ... 312 Posts In The Same Category










This page was last rebuilt at September 22, 2017 09:22 AM PST. (320 Words)
 

RSS FEED





PERSONAL FINANCE BLOGS I READ

Consumerism Commentary
Get Rich Slowly
My Money Blog
All Financial Matters
The Simple Dollar






.



Copyright 2003-2014, PFBlog.com. All Rights Reserved. (Privacy Policy)