Tuesday, December 4, 2007

November Net Worth

Nothing outstanding this month, just the usual routine of saving. My net worth rose by 6%, and it’s now $3,737. I haven’t gotten financial aid this month, so I hope to get two-months’ worth in December, and put it away.

Cash makes over one-third of my assets already. Wow. Am I getting a little conservative? The thing is I’m working on saving about $1,600 to be able to open a checking-savings account with a minimum balance of $1,300. Concentrating on this, I started ignoring investments totally. Now, I have to remind myself, that this savings account can surely wait, and I’d better put more money in my index fund. After all, one-third of cash certainly is not my ideal allocation.

Monday, December 3, 2007


Today Russian citizens have chosen the parties that will sit in our parliament for the next four years. I voted for the first time in my life. I knew that United Russia, a monstrous party with vague promises, that reeks a little with totalitarianism and a cult of personality, and is headed by our current president, would get the majority of voices. Other parties had lesser chances to obtain seats in the parliament. Still, I believed that my voice could make a difference. I actually like two parties from the opposition, both sharing democratic values. One of them appealed to me the most, so I voted for it.

The rough estimate is already known. United Russia gained over 60%. Three other parties won much less voices, but also made it to the parliament: first, the communists (their position is usually strong, because almost every senior citizen always votes for this party), second, a party aimed at persons aged 55+, and third, a funny party, which has a very charismatic and entertaining leader, but which political positions I can’t figure. My party and the other party that I like have gained about 1% each. Oh, by the way, the total number of parties was eleven.

I’m used to being a member of small groups. For example, I am a student in Moscow – we don’t make up to 1% of the population, I guess. I invest money in mutual funds – less than 1% of the Russian population deal with stock market either. But now I am in a small group again, and the consequence is that I, my values and my aspirations are not represented in the government. OK, I don’t want to think about politics anymore. It’s too frustrating.