http://www.thesunsfinancialdiary.com/about-me/october-2006-score-card-%e2%80%94-part-ii-net-worth/ Sat, 21 Nov 2009 20:14:32 -0800 http://wordpress.org/?v=2.8.6 hourly 1 http://www.thesunsfinancialdiary.com/about-me/october-2006-score-card-%e2%80%94-part-ii-net-worth/comment-page-1/#comment-269 My Best and Worst Money Moves - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time Mon, 13 Nov 2006 17:53:52 +0000 http://www.thesunsfinancialdiary.com/2006/11/02/october-2006-score-card-%e2%80%94-part-ii-net-worth/#comment-269 [...] Mutual fund investments are supposed for long-term and we didn't really look for quick bucks with them. As many stocks hitting record lows in 2002, we also started investing in some well-known tech stocks. For example, we bought 2000 shares of NT at $0.47 in September 2002, 2000 shares of LU at $0.88 and 300 shares of MOT at $9.93 (the most expensive stocks I purchased at that time) in October, 1000 shares of ALA at $4.88 in November and 1000 shares of GLW at $4.01 in December. Again how bad could they be? Our patience paid off when we sold these stocks a year and half later. NT shares were sold at $4.08 and MOT shares were sold at $12.98 in December 2003, GLW shares were sold at $12.64 in March 2004 and ALA shares were sold at $15.22 in May, when we paid $50,000 downpayment to buy our current house with a 5-year ARM at 4.75%, almost the the lowest rate at that time. And we didn't touch our mutual fund investments at all. Without those stock investments, it could be a little hard for us to come up with the downpayment. Of course, the market itself presented us an excellent opportunity to buy low and sell high later, but what we learned from this was to focus on long-term investment and not to shun away from the market even when it went into some tough times. On January 1st, 2004, we had a net worth of $201,442. Since then, we bought a house in May 2004, had our first child in February 2005, and bought a new minivan in May 2005. By the end of last month, our net worth was at $401,089. Without the early investments, I doubt we could double the number in less than three years. [...] [...] Mutual fund investments are supposed for long-term and we didn't really look for quick bucks with them. As many stocks hitting record lows in 2002, we also started investing in some well-known tech stocks. For example, we bought 2000 shares of NT at $0.47 in September 2002, 2000 shares of LU at $0.88 and 300 shares of MOT at $9.93 (the most expensive stocks I purchased at that time) in October, 1000 shares of ALA at $4.88 in November and 1000 shares of GLW at $4.01 in December. Again how bad could they be? Our patience paid off when we sold these stocks a year and half later. NT shares were sold at $4.08 and MOT shares were sold at $12.98 in December 2003, GLW shares were sold at $12.64 in March 2004 and ALA shares were sold at $15.22 in May, when we paid $50,000 downpayment to buy our current house with a 5-year ARM at 4.75%, almost the the lowest rate at that time. And we didn't touch our mutual fund investments at all. Without those stock investments, it could be a little hard for us to come up with the downpayment. Of course, the market itself presented us an excellent opportunity to buy low and sell high later, but what we learned from this was to focus on long-term investment and not to shun away from the market even when it went into some tough times. On January 1st, 2004, we had a net worth of $201,442. Since then, we bought a house in May 2004, had our first child in February 2005, and bought a new minivan in May 2005. By the end of last month, our net worth was at $401,089. Without the early investments, I doubt we could double the number in less than three years. [...]

]]> http://www.thesunsfinancialdiary.com/about-me/october-2006-score-card-%e2%80%94-part-ii-net-worth/comment-page-1/#comment-138 What Are Those $100,000+ Gains Exactly? - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time Thu, 02 Nov 2006 21:26:58 +0000 http://www.thesunsfinancialdiary.com/2006/11/02/october-2006-score-card-%e2%80%94-part-ii-net-worth/#comment-138 [...] October 2006 Score Card — Part II: Net Worth [...] [...] October 2006 Score Card — Part II: Net Worth [...]

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