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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

Sigh...Monster Up Day Setting up

September 19th, 2008 at 01:31 pm

The futures are currently pointing to a huge up day today on top of the 400 point surge yesterday.

As I look premarket GS is up $32 to $140. STT is up $6 to $65. WM is up a buck to $4. Hell, Apple is even up almost $8. Oil is at $97.5 probably going down today. Gold is down $54.

So what happened? Is everyone drunk? Is it like someone about to jump off the ledge and the sun comes out?

"U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke proposed moving troubled assets from the balance sheets of American financial companies into a new institution. "

and

"U.S. officials are considering include establishing an $800 billion fund to purchase so-called failed assets and a separate $400 billion pool at the Federal Deposit Insurance Corp. to insure investors in money-market funds, said two people briefed by congressional staff. They spoke on condition of anonymity because the plans may change. "

Source: http://www.bloomberg.com/apps/news?pid=20601103&sid=am.XqrSCUntI&refer=news

Posted in Investments | 4 Comments »

4 Responses to “Sigh...Monster Up Day Setting up”

Broken Arrow Says:
September 19th, 2008 at 04:00 pm 1221836459
1221836459

Yeah, huge movement with GS... and well, really the entire financial sector. Even if it has weakened somewhat right now.
baselle Says:
September 19th, 2008 at 06:45 pm 1221846327
1221846327

My regional bank stock, MI, took off like a balloon. Everybody's excited about RTC II. Just wait until Uncle Sam has to crank up the printing press to make more money to "cover" it. Could be October surprise, the 2008 edition.
merch Says:
September 19th, 2008 at 06:59 pm 1221847182
1221847182

Yea I was thinking about that. But all they programs are more if they are needed. Like the 400 billion for MM will only come into play if there is a rush to the exits and the PMs sell. If there is an orderly exit, the funds won't be used.

As for the 800 billion, they haven't let out the details. I have to see how it is set up. Currently I don't expect the AIG or the money market thing to cost any money.
Broken Arrow Says:
September 19th, 2008 at 07:08 pm 1221847701
1221847701

I read an article that AIG has the assets to cover their liabilities. It's just not liquid enough to get to right now to stem their own losses. That's where the Fed comes in, with their generous loan. In return, AIG has to pay something like 11% on that loan! So, yeah, AIG should survive, and Uncle Sam not only shouldn't lose money, but more importantly, he may even make a nice profit on this.

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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.

Sigh...Monster Up Day Setting up

4 Responses to “Sigh...Monster Up Day Setting up”

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