July 29, 2008
I am taking a break from real life… or it may be better to state that I am enjoying life instead of just moving though and watching it take place around me.
I will at some point get back to this, and with a new direction as I begin to rediscovery how much I enjoy… not one thing but everything again.
April 6, 2008
I have been busy the last few weeks, as you can see had a slight increase mostly from tax returns and extra $1,000 from for being deployed over 12 months.
I invested a little bit into the Visa IPO to test to the waters, plan on holding on to it long term and perhaps putting some more money into it down the road.
Right now I will be leaving GA when I get back to head to KS, with some trips up and down the east coast in between with stops in SC, VA and NY. I am excited about moving but at the same time a bit worried. Was reading some articles in a Kansas paper and for what I though was a somewhat conservative but progressive state some of the stuff like abortion and other issues seem like they came out of the 50′s or 60′s. I am most likely just reacting to some minor but vocal group, I have no problem with religion but when people stay talking about God this and that and laws and stuff, I just sit back and wonder if they ever took a basic class in school on civics or even understand anything about the history of their own government.
I plan to rent and will be buying some furniture and other things. Right now it looks like I will have $18,000 to spend; I have $15,000 put aside already. Now many will be like wtf, your wasting money but I plan to buy some things which will last; instead of buying and replacing items every three years. Now, I move often so I will have to pay for replacement insurance and pay much more attention to movers, but going to buy quality cooking pots and pans and knives etc.
I also plan to take a more serious look at blogging when I get back, perhaps own domain and use it for more then just updating on money which is what I have been doing over the last year while I was deployed and started this.
February 10, 2008
My FNBO saving account just announced that their interest rate had dropped once again so I will be moving my house buying funds to a Vanguard Money Market account. I have now also fully funded my Roth IRA for 2008, and looking good to max my TSP. My new goal is to store away extra funds into the Money Market as a saving towards a house or condo later on.
I still have my furniture fund but I will just be getting a bedroom set, desk and chair when I get back and into my own place sometime in September 2008. I will slowly buy furniture and housewares on a budget after the initial purchases. I priced out an entire apartment for almost 17k at Room and Board and would spent 10k at William Sonoma with the knowledge that yes I spent alot of money that I could have gotten something that did the job just was well cheaper; but I am looking at it more of if I buy that one item I will never have to buy that item again mentality. Rather pay good money up front and only have to replace it if its lost.
Right now I still do not know where I will be in September, I hoping for a urban location in the United States. If I end up in a rural area I will most likely just rent but if in a city I will buy a condo. I will most likely rent for the first six months either way so that I can get to know the neighborhoods. I am looking for a 1-2 bedroom condo in a walkable urban area, something that I can get with VA loan and hold on to in the years to come. Due to location I should always be able to rent or if needed sell it due to location. However great location = $$$. Thus the need to learn the market whatever I end up, that will also give me the time to have a decent amount of money for a down payment and cover costs.
The market is going back and forward but not too worried, I just keep picking up shares and in for the long run. I did change my TSP from a Life cycle to International, since with my Target Retirement from Vanguard and Vanguard 500 index I wanted more international exposure.
January 15, 2008
Big improvement from when I started this earlier in the year. No change on a few items as I wait for data to be updated.
Financial Goals for 2008
-Fully fund my Roth IRA (75% complete)
-Fully fund my TSP (1/12 complete)
-Start saving money for future condo/house (0%)
-Continue to fund my taxable accounts and take a good look into DRIPS (1/12 complete)
January 1, 2008
Well, I was able to put away just a tad more, which will disappear tomorrow when I start funding my Roth IRA. I realize this is the NOV networth but I am always a month and half behind on posting these. Looking back on the year, I did not do too bad. I missed fully funding my TSP, but I will put in $15,500 this upcoming year even though I could put in $45k since I am deployed, but I lack the money;)
I plan to fully fund my Roth and TSP this year, and get an taxable mutual fund to get more international exposure.
I have to start looking for housing when I get back to the states. I did not accept the bonus $30k for three years, instead getting a changing my job from combat arms into a specialty area of being a Comptroller. It just so happens Comptroller and the Finance Branch are merging in 2008, so I will end the year being a Finance Manager. In the military, its a bit different then civilian world, but its basically still a job of budgeting and funding. A new world of options have opened for me with this, and when I retire in 14 years (plan on 20, as long as I am having fun) I will have a much better leg up in the civilian world vs combat arms (basically leadership / management of a larger group).
My SDP (Saving Deposit Program) is building up quite nicely on that 10% interest rate. I plan to throw it into the FNBO account at 5.05% when i get back and use the funds to buy furniture and household goods.
No resolutions, I prefer to make changes when I realize I need to make a change. Its was a good year, I have some very fond memories, even though I spent the majority of the year in Iraq.
December 6, 2007
I am later then normal in posting this due to work and life. Networth has decreased due to some investment losses, which is really short term.
October 26, 2007
Well I have finally gotten around to updating this, no longer have access at work, so takes a bit more work. I still have a little bit of credit card debt and some fire insurance on a property listed because the payment from checking has not posted yet, but they are paid. I finally after months got access to the HSBC account and transfered the money over, logged in the next day and had $17.26 in interest that was added after I had transfered the funds, so in the process of moving the interest then I will be closing the account. Putting money into the FNBO account but those transfers have not posted. While on leave I was given a chance to pick up some land for next to nothing, since it was in the family. I initially did not plan to list property since I cannot turn it into cash overnight, but since it is equity, I have decided to go ahead and list it at what its assessed value according to the 2007 property assessment. I was unsure how to put a price on the land and houses otherwise, figured this was the most straight forward. I am not looking to inflate my net worth just see and track my slow improvement.
September 25, 2007
Ok, a bit late updating this, I was back in the states much like my last post was typed a month ago but just now got posted.
I took on some credit card debt while I was on leave in the states, mostly having to buy some clothing since everything I had was in storage in GA, and airline tickets.
I still have no access to the HSBC account, I had planned to get that fixed while in the states but never did. I will recontact them again this week. I will also have to contact FNBO, I have forgotten some information I need to access that account so in both cases I have interest that is not reflected.
I have maxed the SDP account, so now I will sit back and watch the interest grow in that account. I now have $740 dollars a month that is a budget surplus. I will pay off the credit card bill first, followed by increasing my TSP contribution along with allocating money into a fund for future vacations, since I have been asked quite nicely to go to Alaska when I get back to the US after this deployment.
September 25, 2007
I swear sometimes I wonder if I should be paying someone for a sauna treatment, just without the humidity.
I grabbed some San Benedetto, green tea and chugged one down, threw the other in the refrigerator. I wish these Italian teas were sold in stores in the United States, instead of importing it from some mail order on-line site. Maybe its just the real sugar, it makes the taste much more crisp and clean unlike the frustose syrup that is used in the US.
I ordered a new account with FNBO, which is offering an better rate then HSBC and I already have access to the account, something I still do not have with HSBC.
Almost finished the BBC Earth series, recently started reading the book, The Well-Educated Mind. Its mostly common sense, explains how to read and absorb information you read. I have noticed that as I have gotten more specialized, I have frogetton so many basic things I used to know.
August 2, 2007
My July networth:
My HSBC account is still at $5000; it has interest in the account but unsure how much since I have no access to the account. Its been two months and even with one phone call; I have not recieved my password in the mail. I will need to call them again, once I do have access I will remove the funds, their service is horriable.
I am also waiting for my SDP to show the $5,000 I deposited into the account, the amount has left my bank on the tracker till I see it pop up in the SDP. The 10% interest rate there is amazing. I will finish maxing it at $10,000 this month, then racket up my TSP.
I lowered my car’s value down to $15,000. I can get more but not in a timeframe that I would really need to liquidite it. To be honest I would rather have a deflated sense of networth (notice, not included household items, and real estate) then some inflated number. I look at the concept of networth as everything I quickly turn into cash.
My mutual funds took, a hit from the market, but I am not worried. It provides an opportunity to buy low, since I plan to hold on to my stuff for awhile.
In other news, watching the news of the bridge collapse up in the Twin Cities. The death toll appears low for now, hopefully it will not rise.