June 6th, 2009
Net Worth: MTD +2.06%. YTD: +16.69%
Well, a very interesting week. First of all, the currency situation reversed. All the gains came from the falling Canadian Dollar. The week was flat in $US. Gold and Silver also lost some ground.
In the market, both Dow and S&P passed their 200 days moving average. More precisely, the dropping 200DMA passed them. Dow is struggling with the YTD break even line whereas S&P failed to break Jan's high. The end result is the waggle room is even smaller for both of them. We will see whether they break the resistance or back down from 200 DMA. I would remain bearish until the 50 DMA passes the 200 DMA.
The TSE is another story. The 50 DMA passed the 200 DMA and the uptrend continues. It's both smaller and less diversified than the S&P though.
I used morningstar for the first time. It's cumbersome and inflexible, but I can't seem to find a better tool. I was actually surprised to learn that bonds only makes up about 20% of my portfolio. However, since it did not count my emergency fund, I am still comfortable with the asset allocation. I certainly need to boost emerging market and REIT though.
Spending
Food: 19% of budget.
Housing: 100%
Transportation: 26.28%
Phone: 0%
Misc: 12%
I did cut back eating out a bit, not much though. I am also driving again. I don't know how that would impact my transportation cost yet, but it's certainly a lot less time consuming. I know earth is important, but until they build a viable and cheap mass transit system, I don't think I have much of a choice.
Net Worth: MTD +2.06%. YTD: +16.69%
Well, a very interesting week. First of all, the currency situation reversed. All the gains came from the falling Canadian Dollar. The week was flat in $US. Gold and Silver also lost some ground.
In the market, both Dow and S&P passed their 200 days moving average. More precisely, the dropping 200DMA passed them. Dow is struggling with the YTD break even line whereas S&P failed to break Jan's high. The end result is the waggle room is even smaller for both of them. We will see whether they break the resistance or back down from 200 DMA. I would remain bearish until the 50 DMA passes the 200 DMA.
The TSE is another story. The 50 DMA passed the 200 DMA and the uptrend continues. It's both smaller and less diversified than the S&P though.
I used morningstar for the first time. It's cumbersome and inflexible, but I can't seem to find a better tool. I was actually surprised to learn that bonds only makes up about 20% of my portfolio. However, since it did not count my emergency fund, I am still comfortable with the asset allocation. I certainly need to boost emerging market and REIT though.
Spending
Food: 19% of budget.
Housing: 100%
Transportation: 26.28%
Phone: 0%
Misc: 12%
I did cut back eating out a bit, not much though. I am also driving again. I don't know how that would impact my transportation cost yet, but it's certainly a lot less time consuming. I know earth is important, but until they build a viable and cheap mass transit system, I don't think I have much of a choice.