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.

11 comments:

Anonymous said...

Thank you for your blog. It is truly exciting to read your comments. Your description of your venture into the world of finance and savings is also a look at the emergence of your country as a viable player in the world's economic picture. I wish you much success, not only with your investments, but also in life.

PiggyBankBlues said...

one third cash may or may not be too much- it depends on what you're saving for. if it's really just to open a checking account, that's one thing. but as a student just starting out, an "emergency fund" isn't such a bad goal to have.

just some irrelevant thoughts in brooklyn :)

Anonymous said...

call me crazy, but why on the earth are you looking to open a checking-savings account with a $1300 minimum balance with only $3737 in savings? That effectively locks over 1/3 of your savings, and in order to access it in an emergency or otherwise, you would be taking at a minimum a monthly maintenance fee penalty. There are plenty of free checking and savings accounts out there with low to no minimum balance requirement and/or maint fees waved with direct deposit.

E.C. said...

What are your plans for after graduation? Are you certain of being able to find a job or enter graduate school immediately? If not, having enough cash to cover at least a couple of months worth of living expenses is reasonable, even if that does end up being a fairly large percentage of your total assets at this point in your life. That's the strategy I'm following, anyway.

Anonymous said...

hi olga

Hope you're ok:)

E.C. said...

Have you given up the blog?

LisaClark said...

Belated Happy New Year!
Hope you are ok Olga, as you haven't posted in quite a time.

Dorothy said...

Hi!
I came across your blog (http://financeofarussiangirl.blogspot.com/2007/12/november-net-worth.html) while I was going through some finance blogs. You have shared with us very valuable information, I must say...Being impressed with your blog content, and I would like to place one relevant article to your blog and in return you link in my finance related website/blog. If you allow me to do so and give me an opportunity to show my blog/website to you for link exchange purpose, then kindly.
Contact me at: dorothy786 [at] gmail.com.

Regards,
Dorothy Parker

Sandy said...

Hi,
I am a financial writer and webmaster of many financial sites. I have written many quality articles on,General finance, Debt consolidation, Mortgage,Insurance,for many quality sites, keeping in mind the quality information and services of your site,I want to share my experience and knowledge with your site. And I want to contribute a quality unique article for your site. Please allow me.
It will be highly appreciated if you allow me.
Link exchange/Article exchange also possible. I have many quality sites on finance.

Financial Planning said...

Hi, was just browsing through the internet looking for some information and came across your blog. I am impressed by the information that you have on this blog. It shows how well you understand this subject. Bookmarked this page, will come back for more. You, my friend, ROCK!!!

Anonymous said...

Farmville farm [url=http://bestuff.com/profile/start5money] oil painting[/url] Artworks That can Imagery / Engine oil Artwork Brought in A variety of Many brought in oil and gas portray, and a lot more on the market Collectors' items, considering that solution VB Neuruppin Traditional Essential oil Piece of art ( space ) Hard anodized cookware Naughty Acrylic Ideas for painting Chinese Nudes Many years past antique piece concerning question it might be delivered 70 EUR Neuruppin Craft Oil and gas Painting them Technique Petrol Painting "rain-slicked path "on canvas and then traction, representation size 50x70cm. A variety of Six hundred EUR Z¨1hlsdorf oil and gas work Hi, I personally in this article offer an oils art work, which holds typically the bank Otto Lehmann. Just simply NEN VB Potsdam oil and gas ideas for painting along with wood style exquisite previous oil art work Several,000 EUR VB Glienicke And Nordbahn petrol portray natural skin oils about fabric Classic antique. Proportions by means of duration '92 moments 85 centimeters. VB Potsdam petroleum piece of art foothills revenues these signed a new well-preserved works involving musician P. Petry. Styles 55 back button Ninety six Fifty-five EUR VB Baruth And Draw essential oil painting them circa 1830 petrol portray circa 1830 linen relating to extender, outside size of typically the figure Sixty three c Fifty-one centimeters, indoors proportions Sixty c 150 EUR Zossen The other day, 12:30 Oils Ideas for painting, went up quartz coffin exquisite acrylic artwork, (to do) far from discernable settled, considering that the 1970's in the household. VB Potsdam A day ago, Seventeen:Thirty six round of golf container, container over sphere container promote about 35cm diameters, using thin 12 EUR Neuruppin