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About Me:

Not So Mighty Merch

I know that where I am now is not where I want to be (in credit card debt and medical debt). I vaguely now where I want to be (running a small business (franchise or real estate), having more quality time with my family, and less stress or maybe different stress).

So, this is a journey from here to there. Wherever there is. Hence the title and my confusing ramblings.

I am embarrassed to say: I make more then I should and still live paycheck to paycheck, I am older and should be more mature, I am educated (MBA in Finance) and should know better, I have worked for investment houses and am unable to manage mine.

I think you get the general idea.

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Goals 2010
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2. EF Fully Funded
. a. 4th Month - $5,000
. b. 5th Month - $5,000
. c. 6th Month - $5,000
3. Contribute $14,000 to Son 1 529
4. Contribute $8,000 to Son 2 529
5. Extra $36,000 to mortgage
6. Rebalance portfolio
7. Educate myself more on Real Estate
8. Educate myself more on foundations

DONE:
1. Invest $16,500 in 401(k)

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Savings and Investing
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Mortgage (4.5% interest rate)
01/31/2010 - $341,840 ($1,413 paid)
02/28/2010 - $340,422 ($1,418 paid)
03/31/2010 - $338,973 ($1,448 paid)
04/30/2010 - $337,544 ($1,429 paid)
05/31/2010 - $336,109 ($1,434 paid)

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DONE:

Invest $16,500 in 401 (k)
01/31/2010 - 2,295 Invested
02/28/2010 - 4,718 Invested
03/31/2010 - 7,268 Invested
04/30/2010 - 10,430 Invested
05/31/2010 - 12,980 Invested
06/30/2010 - 15,402 Invested
07/31/2010 - 16,500 Invested

My Pages

75 Basis Point Cut

January 22nd, 2008 at 01:31 pm

Breaking news....

Fed lowered rates by 75 basis points at 8:20 today. Federal Funds rate at 3.5%.

For those looking to refinance, this week might be the week to do it. Keep an eye on the treasuries.

I expect with today's meltdown, money will be flowing into treasuries causing prices of treasuries to rise and the yields to plummet (proce and yield have inverse relationship, like seesaw). So, you should see mortgage rates down this week.

Posted in Investments | 1 Comments »

1 Responses to “75 Basis Point Cut”

Broken Arrow Says:
January 22nd, 2008 at 03:02 pm 1201014155
1201014155

Oops, so it's already happened.

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Not So Mighty Merch

Where I am now is not where I want to be. So this is my journey from here to there.

75 Basis Point Cut

1 Responses to “75 Basis Point Cut”

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