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Archive for June, 2017

New Retirement Account - Ooooh Yeah

June 21st, 2017 at 01:56 pm

Just realized today I will add a new retirement account this weekend - how did I lose track of that? Actually I had it since the beginning of the year, it is my Health Savings Account (or HSA). However, I was not allowed to do any investing with it until it reached the $2,000 mark. Well... with my contribution this Friday I will cross that mark. Now that I can do investing, it makes it feel like a real investment account.

Yes, this is supposed to be used for health expenses, but if your expenses are minor you can just pay for them out of pocket and use the HSA as another retirement account, which is my current plan (Note its addition on the left). Yeah, as I am turning 55 this year (ugh) I won't ever get this account to a very high level, but still it helps with my taxes today (saves money on various taxes), and I don't have to worry about spending the money like I did with the Flexible Savings Account I was using previously. Plus, my employer contributes some to it (I got over $700 this year).

Its small, but adding a new account to my list of accounts is cool.

The Power of Differences in Style

June 10th, 2017 at 05:07 pm

The SG-GF and I like to go to yard sales and estate sales (probably too much, but whatcha going to do?) but when we go together you can see we have a very different way of going about it. She likes to
peruse every item, talk with the sellers, and just enjoy the experience. Me... I go in, view items very quickly, only stopping at things that really catch my eye, and talking as little as possible.

As you might imagine, this can make for a frustrating time for the two of us when we are together. We've had to compromise quite a bit to make this work for us. I often take a book along and when I am done will return to the car and sit and read until she comes back.

That said, there is another difference we have that I think works for us. She is more of a price haggler where I am not. If I don't like the price, I will put it back, thank them, and move on. Usually that means she can at times get a better price than me, but I am not always worried about getting the absolute lowest price, since the prices are usually so good anyway.

That said, my way works too. Sometimes sellers will deal better with people that don't hassle them about every little thing. Case in point was a local estate sale a few weeks ago (NOT run by an estate company)
where I bought a few items and actually chatted some with the seller. (Yeah, I stretched myself there) I then went and got more things,and for a good chunk of it she just let me take the stuff for free. Not everything, but I could tell she appreciated I didn't haggle with her, especially as the prices were very good.

Come to this weekend, and she was there again still emptying the place out. She remembered me, and while I could only find a few things to get, she just told me to take them and not worry about it.

Not sure where I am going with this other than it is interesting that different techniques can work the best at times. Still... its nice to know I can ask the SG-GF to haggle on something and she is always
up for the challenge.

YTD Money analysis (Why now? version)

June 10th, 2017 at 04:56 pm

Ok, why am I doing an analysis today you ask? Ummmmm..... because I feel like it. That and I have some time to decompress at home, so why not?

OK, that out of the way... how are things going? Well... checking the numbers it looks good to me. Here goes...

* My 457 plan went over $511k this weekend. Comparing to the end of the year and backing out contributions, I get a 6.7% growth year to date. Not shabby.

* My ROTH IRA is today over $127k. Doing the same analysis, I get a 6.7% growth YTD. (I sense a trend here)

* For my brokerage, its over $67k. Same math for this gives me a 5.6% growth YTD. It would be over the 6.7% of the others, except for a stock that will remain nameless. (Damn you Macys!!!!)

As for the total value, I have an over 11% growth so far this year. Lets see if we can keep this up for the remainder of the year.

PS: Yes, my numbers on the left are a little lower than what I posted here. I am afraid the numbers will go down at some point, and I would feel bad lowering them. So I am letting them trail a few percent behind just to feel secure. Go figure.