Comments on: Net Worth Update: June — $150,815.98 (down $7Gs)

By: J. Money

J. Money — Fri, 02 Jul 2010 17:21:33 +0000

@nyx – :)
@Miss Jane – It’s an interesting voice, that’s for sure ;) I think I’d have to listen to her for a bit to appreciate it.
@Aury (Thunderdrake) – Hey, at least you have a game plan! So many people go w/ their emotions and are the ones in my opinion making these crazy spikes happen all over.

By: Aury (Thunderdrake)

Aury (Thunderdrake) — Fri, 02 Jul 2010 16:32:29 +0000

As of writing, the stock market is undeniably overvalued.

Which is a pity, because I’ve been contemplating my new entrance strategy by selling cash secured puts as a means of buying shares at a discount. But I can’t help but feel that it’s pending plummeting though. XD

If I get into it again, I might have to re-contemplate my hedge. Paper Assets have been quite saturated in the market (need I really explain the bond markets? XD) So we could be looking at a comeback of commodities.

Tangents aside, I’m short stocks and long commodities at the moment.

By: Miss Jane

Miss Jane — Fri, 02 Jul 2010 13:17:20 +0000

She used to be in a band called The Knife (from Sweden) with her brother.
When she went solo she released her album under Fever Ray:
http://www.youtube.com/watch?v=4F-CpE73o2M

I love her voice.

By: nyx

nyx — Fri, 02 Jul 2010 06:42:37 +0000

hey that’s awesome good for you =)

By: J. Money

J. Money — Fri, 02 Jul 2010 02:42:29 +0000

My thoughts are thinking it would be a helluva GOOD idea, that’s what! :) I’m not going to do it because I’m a panzy (and I might need it if I go blogging full-time later) but If you have the cash to invest I’d be bout it bout it.

By: Financial Samurai

Financial Samurai — Fri, 02 Jul 2010 00:38:37 +0000

J, what are your thoughts of taking a good chunk of that $39K and investing in the markets after a 13% pull back right now? Could be good!

By: J. Money

J. Money — Thu, 01 Jul 2010 21:29:06 +0000

Really? Your fave? I never knew that :) Now I’m gonna think of you every time I do the future updates! haha…

By: Meghan

Meghan — Thu, 01 Jul 2010 19:57:40 +0000

J. Money, this is always my fav post of the month just cause it’s so sang inspiring. Though you were down a little this month, you are right, it’s about the long haul. Thanks for your motivation!

And yes, Lady Gaga is amazing! ;)

By: J. Money

J. Money — Thu, 01 Jul 2010 19:04:46 +0000

@doctor S - Yessir that's the truth! Doesn't really matter what the 401k is doing until it's time to cash it out ;) But obviously it's gotta be going up over time to do some goodness (which I think it will for sure). Nice to see you back online and off Twitter (hah!). @Melissa - A post about it is actually already in the hopper! But for now here's your answers ;) Possibility of a refinance somewhere on the horizon? Nope! Because I literally JUST checked the other day, and unfortunately we don't qualify for any of the new programs out there. Apparently we have to start defaulting and/or lose our jobs - then we can do it. ?!?!??!! What would it take to get to the point of refinancing? Well, if we were able to physically do it, I'd say we'd have to at least decide to keep the house for 3 more years. It would make no sense to refi and then leave after a y ear or two as it would take at least that to recoup the refinancing costs (maybe around $3kish?). Of course, the option of keeping it as an investment property and renting it out is always on the table, but these days I'd much rather go back to just renting myself and getting rid of it. I've realized I'm not of homeowning quality ;) Would a refi save any money on your monthly payments? OH YES. Probably at least $200 a month, if not $300. But again, would only make sense if we were to keep the place and not unload it. Of course in this economy that's not an option either, but you get what I'm saying. Refinancing is only good if you can recoup the costs and then save every month after. Well, that or if you're rates keep going up and up and you're getting screwed! Fortunately most of ours is @ a fixed rate or we'd really be in trouble. @StackingCash - Haha yup!!!! It's a perfect time to be picking up these bad boys ;) Which is why I just dropped $5k into my Brokerage Roth just now! I have to wait 'till it clears in a bit, but then it's on. The market can keep going down, but eventually it's gotta get back up and I want to have as much skin in the game as possible at that point. @Miss Jane - Well done rolling that over, I have like 4 friends who have theirs all over town and they never take the time to get it all consolidated. I feel like if you only had one account to check and maintain, it would be a lot easier to manage. AND pay attention too also. Now who the heck is Fever Ray?

By: Miss Jane

Miss Jane — Thu, 01 Jul 2010 16:33:06 +0000

My 401K went down a bit as well, but it is in a lot better shape since I rolled over an old 401K from a previous job (+$10,000), finally ;)

Not much of a Gaga fan…give me Fever Ray any day :D