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Stock Market Correction: Now? June 7, 2007

Posted by pf in Expenses and Savings, Goals, Portfolio Allocation.
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A little over a week ago, I had given an update (Sell Stocks in May and Go Away: Update)  on how things were going since I went into a more defensive position with my equity holdings.  In it, I offered the parting comments below:

“Anyway, if you’ve been thinking about this topic, but have not yet been able to make a firm decision, there is still time to act.  Whether or not you’ll be correct in your timing…that’s another thing entirely.”

                             Buying A More Expensive House: Good Investment?

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Nintendo Wii: Fundamental to Building Wealth June 4, 2007

Posted by pf in Expenses and Savings.
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The title of this post is only to make myself feel better.  After years of reisting ownership in one of the available game systems (Xbox, Play Station, etc) I could not resist the Wii.  I had been intrigued by what I had read about it, but the deal was sealed after I actually played it.  I choose to see it as fate that shortly after I tried it, one popped up at the electronics store and I immediately snatched it…with restrained glee. 

                    Pareto’s Principle (80/20 Rule) of Personal Finance 

This type of impulse purchase is a bit unusual for me, however, as suspected, the enjoyment is worth the price.  My kids absolutely love it (no surprise there), but so does Mom and Grandma, too.  I think that is the most satisfying part…everyone can play…and they do!

So, while this purchase puts a bit of a dent in ye old pocket book, I am sure it will reap returns in other ways…like my sore shoulder from all that Wii boxing and baseball!

Net Worth – May 2007 June 2, 2007

Posted by pf in Net Worth Update.
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Well, I must admit, the month did not go as I had expected (does it ever?).  More specifically, you may recall that I had gone to a much more defensive position with my holdings in anticipation of a correction (Sell Stocks in May and Go Away: Update). 

Well, as everyone knows, that has not happened…quite the opposite in fact.  However, although I missed out on some larger gains as a result, I am not complaining too much as it was still another good month where we saw our net worth increase by $15,713.

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