Net Worth Feb. 1, 2010. $189,083 (-11,515, -5.74%)
Highlights:
* Holy heck! What happened to the market? I looked up and we're down 5K in one month?!?
* We paid 10K in quarterly taxes to Uncle Sam for the end of 2009. We didn't have our business together, so this is a serious overpayment. I know, I know, loan to the IRS, blah blah blah. But you really don't want to owe when you have a small business! And we should get a lot of it back in a couple months.
So, this is not nearly as bad as it looks, since a lot of the loss is a temporary loan to the IRS. But the market needs to get its act together! We're always down in quarterly payment months, so this is no surprise.
Sunday, January 31, 2010
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5 comments:
Ha-ha! Exactly 2 minutes ago I had the exact same thoughts as you did about the market! I don't follow the market day to day, just once a month as I do my net worth calculation.
Part of me finds it funny that once a month there's probably a lot of people thinking the same thing: *yay*, or *eeek*. On an intellectual level we all know its market noise but part of our brain can't help a but make us do a little yelp.
The market is really crazy right now. It can either drop more or get back to its high point a few weeks ago. There are alot of uncertainty since bank reported bad earnings and Bernanke and team are due up for election. But then again, it might be a good time to invest in if you are a long term investor.
http://moneyhoneysf.blogspot.com/
Some stocks will go up.
Some stocks will go down.
Just don't know which ones.
;-)
Seriously, MasterPo isn't a market guru. Right now the political risk is over shadowing everything else (unless something dramatic and unforseen happens, like a major terrorist attack, which to some extent the market may have already factored in!).
If the Republicans win big in November then for the short term at least the markets will rise. After that it will depend how they govern, if they can hold back the tax hikes being promised by Obama.
Even just to extend the Bush tax cust would be sweet for the market (and MasterPo's wallet).
Hey Dog, I see on your goals to put 15k into a SEP-IRA. I've been confused about this for a while and wonder what your understanding of it is. I thought that you can only put a % of your profit into a SEP. So, I've always waited till the end of the year to figure out how much profit I've made and then put $ into the SEP. How are you figuring how much to put towards your SEP?
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