No, this isn’t a political post, as this isn’t a world affairs blog. It’s just a mnemonic device to memorize the compound interest formula. One of my friends told me this is how he remembered it for the GMAT. You can just memorize this one, as replacing “1” for the “n” value (number of periods) will give you … Read more
Net Change: +$1,071.31 Net Cashflow: +$2,430.77 Investment Performance: $ (1,359.40) August 2010 S&P Performance: (4.7%) Dining Out Spend: $ (224.41) I usually make my net worth updates about 2 days after the month closes. I only wait those two days to make sure all of my credit card transactions have gone through and are loaded … Read more
I watch a lot of online shows these days, much more than I watch of broadcast or cable television. (In fact, it’s probably my biggest distraction from studying for the GMAT) One of the things I really enjoy doing is browsing through Hulu and looking for interesting shows that catch my eye. Wall Street Warriors … Read more
Net Change: +$5,485.64 Net Cashflow: +$2,571.20 Investment Performance: +$2,914.44 July 2010 S&P Performance: +6.9% Food Spend Monthly Improvement: $ (52.36) Dining Out: $ (308.03) Groceries: $ (217.55) What a difference one month makes. Now the market is my best friend. ;) My Net Worth Goal (+$25K this year) would be easy to reach if I … Read more
Net Change: +$1,550.75 Net Cashflow: +$2,600.85 Investment Performance: $ (1,050.10) June 2010 S&P Performance: (5.4%) Food Spend Monthly Change: +$0.86 Dining Out: $ (299.26) Groceries: $ (173.96) Maybe I should just move all my investments to cash? I know, I know, I’m just kidding. The market will have its ups and downs. Stocks are a … Read more
Most personal finance experts will tell you that, when it comes to your 401K, at the very least, you should invest up to your company’s match. For example, if your company matched the first 6% of your paycheck, you’d set your contribution to 6%. It’s free money to you and comes tax deferred. I have … Read more
Net Change: $ (1,324.54) Net Cashflow: +$1,966.45 Investment Performance: $ (3,290.99) May 2010 S&P Performance: (8.2%) Food Spend Monthly Change: +$134.85 Dining Out: $ (248.65) Groceries: $ (225.43) Why do I even trust the stock market anymore? This month was very good for me from a cash flow perspective, showing a net of nearly $2,000. … Read more
CNN Money recently had an article titled “21 Best Money Tips Ever,” showing money tips from various well known pundits. They included staples from the personal finance and investing world, with sage advice from both Jack Bogle and Warren Buffet. After going through all the words of wisdom, my favorite came from Mark Cuban: “Unless … Read more
I could have maxed out my 401(K) investment this year. All I had to do was set my contribution rate to 25%, but I chose not to. The amount is not the drawback for me, as I could easily afford to invest the full amount and have money left over in my bank account. When … Read more
Net Change: +$1,673.29 Investment Performance: +$277.14 Net Cashflow: +$1,396.15 Dining Out: $ (356.56) Groceries: $ (252.37) A good month overall, but as I write this, I already know that most of these gains have been wiped out by May’s poor investment performance. This week the Dow dropped 1,000 points before recovering and ended the week … Read more