I received my latest statement from T. Rowe Price.
Blue Chip Growth $16,659.97 -$279.17
Mid-Cap Growth $39,356.08 -$488.61
Value $3,223.14 -$176.86
I took a little hit this year but hopefully next year will look better.
Showing posts with label mutual fund. Show all posts
Showing posts with label mutual fund. Show all posts
Tuesday, January 15, 2008
Friday, December 28, 2007
Emergency Fund
I've been noticing in reading debt reduction and personal finance blogs that most if not all have as a goal for 2008 to increase their emergency fund. By significant dollar amounts. This got me to wondering: How much money do people keep in their backup accounts? (Please take my poll)
My emergency fund is also my home improvement, vacation, IRA fund. I have $325 per pay payroll deducted into this account. I don't have an ATM card or checks for this account and although it's not very far away it's not terribly convenient to stop at. The balance is usually around $2000-$3000. Right now it is higher because I didn't go anywhere for vacation and the home improvements I did this summer I was able to pay for from my regular paychecks.
I'll call the credit union today or next week and request a check withdrawal for my 2008 IRA contribution and the account will be back down to it's normal balance.
If I don't go anywhere in the spring for vacation, I'll withdrawal some of the money and deposit it in my mutual account which is my new car fund. I have $300 withdrawn from my checking account each month for that fund but am thinking about increasing the amount for 2008.
How much do you have in your emergency fund? Do you have an emergency fund? Why or why not?
My emergency fund is also my home improvement, vacation, IRA fund. I have $325 per pay payroll deducted into this account. I don't have an ATM card or checks for this account and although it's not very far away it's not terribly convenient to stop at. The balance is usually around $2000-$3000. Right now it is higher because I didn't go anywhere for vacation and the home improvements I did this summer I was able to pay for from my regular paychecks.
I'll call the credit union today or next week and request a check withdrawal for my 2008 IRA contribution and the account will be back down to it's normal balance.
If I don't go anywhere in the spring for vacation, I'll withdrawal some of the money and deposit it in my mutual account which is my new car fund. I have $300 withdrawn from my checking account each month for that fund but am thinking about increasing the amount for 2008.
How much do you have in your emergency fund? Do you have an emergency fund? Why or why not?
Monday, May 14, 2007
What??!!!
Oh holy hell. I received paperwork from T. Rowe Price regarding my new mutual fund and under seperate cover a tax form 5498.
Evidently the Mid-Cap Mutual Fund that I have that I thought was a Roth IRA isn't it's a traditional.
I just got off the phone with a very nice service rep and from what I understand, I opened it as a Roth but in 2004, I transfered shares to open the Blue Chip Roth IRA and when I did that it closed the Mid-Cap as a Roth but still was open as a traditional. Hmmm. I'm sure I didn't know that was what I was doing. It still doesn't make sense to me.
I'm not sure how I didn't notice on any other statement prior to this but now I'm not sure what to do.
The Mid-Cap Growth is closed to new investors so I can't just open up a new Roth so at a minimum I'll either have to just continue with only the Blue Chip Growth or choose another open fund that is similar to what the Mid-Cap Growth was.
I need to decide what to do with the funds in the traditional. Either convert them to a Roth or leave it. My taxes for the past years are incorrect. Luckily is isn't a huge amount of money but I get more upset thinking about what if I hadn't caught it at all. Of course I did but that not the point.
I need an accountant this is too much for me to think about or have time to figure out.
Also my beneficiaries were outdated so had I died, some people would have been surprised with a little extra money not meant for them.
On a good note, I was able to change the date that the automatic investment to my new account happens so I won't miss a May investment. And this will teach me to be even more diligent in reading my statements.
$2.70 Dairy Queen
Evidently the Mid-Cap Mutual Fund that I have that I thought was a Roth IRA isn't it's a traditional.
I just got off the phone with a very nice service rep and from what I understand, I opened it as a Roth but in 2004, I transfered shares to open the Blue Chip Roth IRA and when I did that it closed the Mid-Cap as a Roth but still was open as a traditional. Hmmm. I'm sure I didn't know that was what I was doing. It still doesn't make sense to me.
I'm not sure how I didn't notice on any other statement prior to this but now I'm not sure what to do.
The Mid-Cap Growth is closed to new investors so I can't just open up a new Roth so at a minimum I'll either have to just continue with only the Blue Chip Growth or choose another open fund that is similar to what the Mid-Cap Growth was.
I need to decide what to do with the funds in the traditional. Either convert them to a Roth or leave it. My taxes for the past years are incorrect. Luckily is isn't a huge amount of money but I get more upset thinking about what if I hadn't caught it at all. Of course I did but that not the point.
I need an accountant this is too much for me to think about or have time to figure out.
Also my beneficiaries were outdated so had I died, some people would have been surprised with a little extra money not meant for them.
On a good note, I was able to change the date that the automatic investment to my new account happens so I won't miss a May investment. And this will teach me to be even more diligent in reading my statements.
$2.70 Dairy Queen
Sunday, April 29, 2007
Mail off Mutual Fund app
I mailed off my application for my new mutual fund. I'm a bit excited over it. I've had CD's and my IRA mutual funds but not just a plain everyday one.
I'm planning on using it to park money over the next 3-5 years to save for a new car. I decided on the 15th of the month as the day for transfer. It really didn't matter to me so I just picked that number. I hope it's enough time so that the first deposit will be made in May.
$1.42 coffee @ gas station
$1.25 Cherry Coke
$0.25 snack box (didn't pack a lunch)
I'm planning on using it to park money over the next 3-5 years to save for a new car. I decided on the 15th of the month as the day for transfer. It really didn't matter to me so I just picked that number. I hope it's enough time so that the first deposit will be made in May.
$1.42 coffee @ gas station
$1.25 Cherry Coke
$0.25 snack box (didn't pack a lunch)
Tuesday, April 24, 2007
New Mutual Fund
I finally filled out the paperwork for my new mutual fund. It was 8 pages long but didn't have a beneficiary section.
When I had my will updated, my lawyer said that anything that can be left to another person without going through probate I should do that way. So I called T. Rowe Price today to get a form. They call it a Transfer on Death Registration Form. It's pretty straight forward.
While I had the rep on the line, I double checked my initial investment. (I keep calling it the minimum buy-in. Hee. Can you tell I'm overdue for my Vegas vacation?) Regular minimum is $2,500 but if you sign up for Automatic Asset Builder the minimum is waived. AAB is minimum of $50.
I'm set because I'm starting the fund with $1,000 and AAB of $300 per month. I might increase the monthly amount later but $300 is the minimum since that was aproximately my car payment when I had one.
I'll finish filling out the paperwork and mail it off tomorrow.
$600 Dennis
When I had my will updated, my lawyer said that anything that can be left to another person without going through probate I should do that way. So I called T. Rowe Price today to get a form. They call it a Transfer on Death Registration Form. It's pretty straight forward.
While I had the rep on the line, I double checked my initial investment. (I keep calling it the minimum buy-in. Hee. Can you tell I'm overdue for my Vegas vacation?) Regular minimum is $2,500 but if you sign up for Automatic Asset Builder the minimum is waived. AAB is minimum of $50.
I'm set because I'm starting the fund with $1,000 and AAB of $300 per month. I might increase the monthly amount later but $300 is the minimum since that was aproximately my car payment when I had one.
I'll finish filling out the paperwork and mail it off tomorrow.
$600 Dennis
Friday, April 6, 2007
Investments
I updated my stock holdings today. When the statements come in, I put them in pile next to the computer and once in a (great) while, I look them over, then file them away.
Ford, 105.88 shares = $848.10
Visteon, 40.55 shares = $355.23
Pepsi, 42.97 shares = $2,736.62
Harley-Davidson, 110.79 shares = $6,819.94
Yum!, 14.13 shares = $831.12
CMS, 228.73 shares = $4,149.07
AT&T, 130.91 shares = $5,140.92
401K as of 12/31/06 = $93,067.94
IRA's
Mid Cap Growth = $35,177.97
Blue Chip Growth = $15,115.69
Looking over the IRA statements it looks like I didn't max out my investments for 2006. I had even asked when I called to reset my password for their website. I could have used the $2,000 I put in for 2007 for 2006 and been up-to-date. Oh well, good thing I found out now instead of after the 15th! Then I would have really been upset. I wonder if I can charge it? Then I can get my bonus points, order a withdrawal from the credit union and make the payment when the check gets here on Monday. If not, I have to go to Target so I'll be on that side of town, I can just get the withdrawal myself and mail it today.
Update: Hmm, evidently I have too much money to manage alone. Hee. I called T.Rowe Price about my IRA contributions. Evidently, in January of this year I sent $2,000 in for 2006 then in March I sent in $2,000 for 2007. At first I really thought that they had credited someone else's money to my account, but I was wrong. I looked in my checkbook and there it was. How I forgot about that, I don't know, but I did. So 2006 is fully funded, and 2007 is 1/2 done. I should be able to get the other 1/2 invested by May.
I'm still waiting for a callback from the insurance adjustor. I already paid $1,700 for the work and charged the materials, they came up close to $1,500. I'm thinking maybe she's on vacation because of Easter. If I don't hear from her today, I'll call again on Monday. My checking account is looking a bit pathetic after all the pay outs.
Ford, 105.88 shares = $848.10
Visteon, 40.55 shares = $355.23
Pepsi, 42.97 shares = $2,736.62
Harley-Davidson, 110.79 shares = $6,819.94
Yum!, 14.13 shares = $831.12
CMS, 228.73 shares = $4,149.07
AT&T, 130.91 shares = $5,140.92
401K as of 12/31/06 = $93,067.94
IRA's
Mid Cap Growth = $35,177.97
Blue Chip Growth = $15,115.69
Looking over the IRA statements it looks like I didn't max out my investments for 2006. I had even asked when I called to reset my password for their website. I could have used the $2,000 I put in for 2007 for 2006 and been up-to-date. Oh well, good thing I found out now instead of after the 15th! Then I would have really been upset. I wonder if I can charge it? Then I can get my bonus points, order a withdrawal from the credit union and make the payment when the check gets here on Monday. If not, I have to go to Target so I'll be on that side of town, I can just get the withdrawal myself and mail it today.
Update: Hmm, evidently I have too much money to manage alone. Hee. I called T.Rowe Price about my IRA contributions. Evidently, in January of this year I sent $2,000 in for 2006 then in March I sent in $2,000 for 2007. At first I really thought that they had credited someone else's money to my account, but I was wrong. I looked in my checkbook and there it was. How I forgot about that, I don't know, but I did. So 2006 is fully funded, and 2007 is 1/2 done. I should be able to get the other 1/2 invested by May.
I'm still waiting for a callback from the insurance adjustor. I already paid $1,700 for the work and charged the materials, they came up close to $1,500. I'm thinking maybe she's on vacation because of Easter. If I don't hear from her today, I'll call again on Monday. My checking account is looking a bit pathetic after all the pay outs.
Monday, April 2, 2007
Decision on New Mutual Fund
For my new car savings fund, I've decided to go with, T.Rowe Price Value mutual fund (TRVLX). It was the top recommendation in February's Smartmoney for Large-Cap Value funds.
I already have my IRA's with T. Rowe and even though I hate their website, I haven't had any problems with their service by telephone or mail.
The fund manager is John Linehan and he's been with the company for 9 years, with this specific fund since March of 2003. It's 5 year return is up over 59%.
5 year return is 9.75 and 10 year is 10.94 with .90 expenses.
I'm planning on depositing $400-$500 per month by automatic withdrawal and will probably start it with $2000-$2500.
My car is a 1998 and I should be able to squeeze out a couple more years. It has a ton of mileage on it but I get regular oil changes and it's still running good. The body isn't A++ but I'm not a car person and with 150 mile commute each day, I just need to get back and forth to work.
I ordered the forms and prospectus (for some reason I couldn't download them) and they usually mail quickly. I've already received my statement for the $2,000 I invested in this year's IRA and I just mailed it last week.
I already have my IRA's with T. Rowe and even though I hate their website, I haven't had any problems with their service by telephone or mail.
The fund manager is John Linehan and he's been with the company for 9 years, with this specific fund since March of 2003. It's 5 year return is up over 59%.
5 year return is 9.75 and 10 year is 10.94 with .90 expenses.
I'm planning on depositing $400-$500 per month by automatic withdrawal and will probably start it with $2000-$2500.
My car is a 1998 and I should be able to squeeze out a couple more years. It has a ton of mileage on it but I get regular oil changes and it's still running good. The body isn't A++ but I'm not a car person and with 150 mile commute each day, I just need to get back and forth to work.
I ordered the forms and prospectus (for some reason I couldn't download them) and they usually mail quickly. I've already received my statement for the $2,000 I invested in this year's IRA and I just mailed it last week.
Wednesday, March 21, 2007
Updated To Do & Done List
Usually every year in March I order my free copies of my credit report from all three credit reporting agencies. This year, after a tip from one of the blogs, I've decided to order one from each every four months.
I ordered the first one yesterday and will probably get it within two weeks.
I know there are some store credit cards that I need to cancel but that should be all there is.
I tried to go online to T. Rowe Price and add $2,000 to my IRA account for this year but that is one of the worst websites I've ever tried to use. Very user un-friendly. So I found an old statement and I'll just mail it in the old fashioned way.
Tomorrow I'm going to do some research and pick a mutual fund for my savings account for a new car. February's SmartMoney had an article on Best Mutual Funds. I received March's issue and haven't looked at it yet but I'm sure it'll have recommendations.
$4.95 Taco Bell
I ordered the first one yesterday and will probably get it within two weeks.
I know there are some store credit cards that I need to cancel but that should be all there is.
I tried to go online to T. Rowe Price and add $2,000 to my IRA account for this year but that is one of the worst websites I've ever tried to use. Very user un-friendly. So I found an old statement and I'll just mail it in the old fashioned way.
Tomorrow I'm going to do some research and pick a mutual fund for my savings account for a new car. February's SmartMoney had an article on Best Mutual Funds. I received March's issue and haven't looked at it yet but I'm sure it'll have recommendations.
$4.95 Taco Bell
Saturday, March 10, 2007
Bonus Money $$$
I got my Federal & State taxes deposited yesterday. Also my company gives out some kind of bonus in March based on results from the previous year. No one knows what the goals are from year to year, how they are measured, who does the measuring, or what departments are grouped together. As usual, I forgot all about getting it. Some time in February, the managers walked around and put a flyer on our desks saying that we were getting the bonus and it would be the full amount of $1,500.
Pretty good, considering I didn't really know I was getting it. My Federal tax refund was large also. So I'm going to put $2,000 in my Roth IRA this month. This is great because it'll get me back on track to depositing the maximum amount for the new year in January of the same year. The last two or three years I've been off and using the grace period to get the max in by April for the previous year.
I was able to access my T. Rowe Price account this morning so I'll transfer the money. I want to open up another mutual fund with automatic deposits for a new car fund. My car is still driving really well. It's 9 years old and I'm going to keep driving it until it dies, but I don't want a real car payment. I've been meaning to set up the mutual fund for over a year so I need to just get going on it.
The good thing about being off work for the last few weeks, I'm hardly spending any money, other than snow shoveling, but it's supposed to be warm this week and Phil saw his shadow so early Spring!!
Pretty good, considering I didn't really know I was getting it. My Federal tax refund was large also. So I'm going to put $2,000 in my Roth IRA this month. This is great because it'll get me back on track to depositing the maximum amount for the new year in January of the same year. The last two or three years I've been off and using the grace period to get the max in by April for the previous year.
I was able to access my T. Rowe Price account this morning so I'll transfer the money. I want to open up another mutual fund with automatic deposits for a new car fund. My car is still driving really well. It's 9 years old and I'm going to keep driving it until it dies, but I don't want a real car payment. I've been meaning to set up the mutual fund for over a year so I need to just get going on it.
The good thing about being off work for the last few weeks, I'm hardly spending any money, other than snow shoveling, but it's supposed to be warm this week and Phil saw his shadow so early Spring!!
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