My Q1 2008 grades

Reading Time: 2 minutes (Update Apr 2) Another news to make myself feel better, Chinese A share mutual funds declined 22% on average (read this Chinese news from Money-Courier). For comparison, Shanghai Composite index dropped about 34%, from 5261.56 to 3472.71 in the period. Note that index is not a good benchmark index because it’s skewed by some big… Continue reading My Q1 2008 grades

Close AMZN puts, Portfolio update

Reading Time: < 1 minute I closed the Amazon Feb $65 puts last Wed, when I saw the stock dropped to around $68, which is the low point the day after it released Q4 earning. Lesson learned: 1) short/put a stock is much harder than I thought. I started this trade because I saw EDU, AAPL, and VMW all dropped… Continue reading Close AMZN puts, Portfolio update

Free money from CitiBank: 0% balance transfer

Reading Time: < 1 minute Last week I received the new credit card from CitiBank, which I immediately put it in use by transfering some of the high interest (7.75%) debt in my HELOC to this account. Note this 0% offer is valid for one year. I found out this offer from MyMoneyBlog. I have done credit card balance transfer… Continue reading Free money from CitiBank: 0% balance transfer

New 401k, $25 from MasterCard, Staples Rebate

Reading Time: < 1 minute 401k My new 401k plan did first purchase yesterday. I got 0.47 shares of company stock plus other mutual funds. If this rate holds, I am going to get 12 shares this year πŸ™‚ MasterCard CCF settlement I registered for $25 settlement fees. Now waiting its arrival to my mail box…I understand it will take… Continue reading New 401k, $25 from MasterCard, Staples Rebate

Fund selections for Vanguard IRA

Reading Time: < 1 minute I picked the following funds (and their weight) for my Vanguard IRA yesterday. Vanguard International Value 50% (developed market large cap value) Vanguard Winsor II 25% (US large cap value) Vanguard Selected Value 25% (US mid cap value) The first two funds are in my current 401k plan, I found the Vanguard Selected Value through… Continue reading Fund selections for Vanguard IRA

Big Mac, Dollar and 401K

Reading Time: 2 minutes Yum Brand, the parent co. of KFC, Pizza Hut and Taco Bell, had a great quarter yesterday, thanks to the loyal customers in China flocking to KFC and Pizza hut. Maybe because they think the steamed bun in Beijing are unsafe? Yesterday I heard about this Big Mac index (link to Economist) from NPR. This… Continue reading Big Mac, Dollar and 401K