QuestForAMillion.net

Archive for February, 2008

28 Feb

Using Free Money

Now that we’ve paid our 0% credit card off, we’ve gone and built a balance on another 0% card. About a week ago we received some “convenience checks” from one of our credit cards. We get these all time and they usually have a nice low or 0% interest offer for 6 months or so. […]

28 Feb

0% Credit Card Paid Off!

I know it’s a bit early, but we’ve paid off our 0% credit card. We got to the point where the additional interest we would earn by having the money sitting in a savings account became negligible, so we just paid it off. We used this card to put carpet in our recently finished basement […]

20 Feb

Using Your 401(k) Like an ATM

I came across this disturbing article earlier today. In summary, the guy took a 401(k) loan in order to pay the bills. Unfortunately the bills include some maxed out credit cards and a BMW lease. It’s bad enough when people use the equity in their homes to live above their means, but when their retirement […]

19 Feb

Investing Update

In a recent post I gave an update on what I’m investing in now. Well, things have changed a little. I sold the DOG position for a loss. I really don’t think the markets should be going up right now but they’re headed more up than down. Since I think I see a direction and […]

14 Feb

It’s the Least Wonderful Time of the Year

Tax time! For most people this time of year is a time to be dreaded. But for some, those foolish among us, this is a time of “free” money. I was talking to a co-worker the other day. He’s expecting a tax refund of about $7000 this year. It’s usually in the $7000 - $8000 […]

05 Feb

What I’m Investing In Right Now

The start of 2008 has been brutal for the stock market. Despite my recent vow to be a passive investor, I just haven’t been able to do it. I liquidated all the holdings in my Rollover IRA to move it over to Wells Fargo so I could get free trades. It took less than a […]

01 Feb

January Net Worth Posted

The disappointing results for January have been posted on the Monthly Results page.
Due to the horrific stock market we had a net worth decline for the month. We managed to grow our cash a small amount and decrease our liabilities, but losses in college and retirement accounts wiped out any gains. We had a net […]

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