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 Update - June 2010 ($961,214, -$4,421)

Contributed by mm | July 9, 2010 4:21 PM PST

6398-networth.jpgOur net worth retreated $4,421, or 0.5% in the month of June. In particular, our employee stock option account extended its distressed journey -- it has lost 75% of its value since the beginning of the year. Conversely, our investment overall fared well, led by a 13% surge in Berkshire Hathaway stock price and fixed income fund gains.

With 2010 half way through, our wealth tally ended the first half a tad below where it started. And after briefly claiming millionaire club membership for a couple of months, we have been back to the $900s for three months now.

It could have been much worse -- the overall market lost about 10% in the last six months, yet we still preserved most of our capital. Chances are, if more investment opportunities present themselves, we are in a very cash-rich position to take advantage of that.

6409-networth.jpg

Footnotes:

• We currently have automatic purchase orders enabled for these funds:
• VGENX (energy stock) - $1,000/week
• VIPSX (inflation-protected bonds) = $1,000/week
• LSBRX (multi-sector bonds) - $1,000/week
• Various China equity funds - $700/week

China lifted its unofficial peg on USD in June and so far Chinese Yuan (CNY) has appreciated about 1%. We expect about 5% further appreciation in the next 12 months. We have about 29% of our assets nominated in CNY and it will likely increase over time, but we don't expect to dramatically shift money from USD to CNY.

• We are actively looking at ways to deploy our cash. We still have a mild bearish view of the equity market. Some ideas we are exploring:
AMJ (higher yields from Master Limited Partnership but with interest rate risk and credit risk with ECN structure),
Way-out-of-money put on TLT (insurance against bond market flop),
CYB (hedge against CNY appreciation).

• We are expecting a big payday in August and September when our annual bonus will be distributed and a lot of stock awards will be vested. For whatever it is worth, hopefully we can reclaim our millionaire status by the end of Q3.

• The family just finished a two-week vacation in Northeast and Florida. Highlights of the journey include Niagara Falls, Harvard University and Epcot.

This Post Has Received 30 Comments. Share Your Opinions Too.


Carol Commented on July 11, 2010

Congrats on hitting your 7 figure milestone much early than you thought. Now I guess it's all about more leverage.


dj Commented on July 17, 2010

what do you use for fixed income funds in the US? I notice you have a $12k appreciation in 1 month


Marian Commented on July 21, 2010

• VGENX - bad choice. No peak oil issue in sight
• VIPSX - very bad choice. The only thing in sight: deflation.


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