Personal Finances – June 2010
- 4 Comment
It was a rough month for my stock portfolio. All five of my holdings saw a drop in share price, although the only one to take a drastic hit were my shares of BP. I foolishly added a position in BP a week or so after the spill when the share price had dropped to around $42, and when it dropped steeply to $35, I decided to purchase some more shares. The stock dropped farther than that, and to Jim Cramer’s suggestion, I got out finally around $32. It has since gone back up, but the spill is going to continue longer into the summer, killing BP’s profitability. I am now seeking a new place to invest what was left of that position.
My new job is going very well. The branch I work at is very grateful to have me back, as operations are running a lot more smoothly now that they have another body in the building. The only part about the job that I’m not liking is the company started me out at my old hourly rate, and consider me a “new hire.” That means I didn’t receive any holiday pay for Memorial Day, and I won’t receive any for the Fourth of July either. Kind of a bummer, but I’d still rather work here than my other job.
As you can see from my numbers below, I didn’t increase my net worth as much as I usually do. That’s primarily due to the drop in the stock market, but my debts are still being paid off as much as I normally pay. I’m also looking at taking more money out of my Prosper account as it becomes available so I can start “playing with the house’s money” there and seeing a realized gain out of it.
$1,692.92 Total Income
$1,600.00 Monthly Pay Checks
$1.79 Checking Account Interest
$0.61 Savings Account Interest
$28.67 Dividends ($86.01 / qtr.)
$61.84 Prosper Loans
$1,043.86 Total Expenses
$200.00 School Loans
$192.00 Car Payment
$300.00 Food & Utilities
$100.00 Gas
$72.00 Cell Phone
$50.00 Entertainment
$129.86 Insurance
$649.06 Net Monthly Cash Flow
$92.92 Passive Income
8.90% Passive Income % of Expenses
$9,164.80 Total Assets
$716.90 Checking Account
$609.11 Savings
$521.63 Scottrade Account
$17.97 Prosper Account
$19.96 ChaCha Account
$9.05 Paypal Account
$880.78 IRA
$1,821.30 401k
$5,089.73 in Stock
$1,160.49 Loans on Prosper
$19,036.03 Total Liabilities
$11,718.09 School Loans
$6,524.60 Car Loan
$793.34 Credit Card
-$9,871.23 Net Worth
Related posts:
4 Comments on this post
Trackbacks
-
Aaron Wakling said:
Hello.
I would like to put a link to your site on my blog roll if you want to do the same for mine. It would be a good way to build up both of our readerships.
thank you.
June 12th, 2010 at 8:15 pm -
BrianEarley said:
Sure, that would be great!
June 15th, 2010 at 8:56 pm -
jason said:
Bearls: I could hardly count adding a position of bp as foolish. They own the rights to a majority portion of the oil in Alaska. I would say that we are not to the point of exploiting that resource yet, so that is not “revenue” for them. The talk that they are bankrupt or will be bankrupt is unfounded. But selling those rights would make them flush with cash. Here is the real issue. The government is using this spill as a distraction and stepping stone. The government is exploiting this crisis. Much like bush did in the wake of the 911 attacks with the patriot act. They even asked (demanded) cameras be installed to view the spill 24/7. The distraction is from the war that is escalating in the middle east, and the stepping stone is to cap and trade of carbon credits. Do you really think we can land a person on the moon or put someone in orbit around the earth, but we can’t plug a hole in the earths crust under a mile of water within 30 days? We can put out a forest fire burning on multiple fronts in 7 days in california. No the real deal is that bp wants to cap the well for later use and the whole of america want the hole plugged.
July 13th, 2010 at 8:47 pm -
BrianEarley said:
I have been thinking that it is a distraction as well. The government isn’t afraid to do drastic things to accomplish an agenda. It does make sense that we would want to be the last great source of oil in the future. We could charge whatever we wanted.
July 14th, 2010 at 8:43 pm