Wednesday, November 30, 2005

Wallet Talk Wednesday: Asset Allocation

Alexander The Great Gold Coin

I've noticed that a lot of bloggers who talk about finances post their target goals and where they are at currently. It's an interesting idea and tool so one can track the progress or lack thereof in reaching their objectives. I'll probably have to create a java script or something of the sort to have it updated regularly, or borrow how Jonathan does it, for the mean time.

Long Term Goal: $1,000,000 Liquid Assets by late 30's, how to get here I don't know yet but I've started the steps to get here.
Short Term Goal: $100,000 Liquid Assets by December 2007 (most should be in the Market Funds) and $50,000 for Retirement Funds by December 2007 so I'll be 30 by this time.

Numbers are approximate:

Liquid Assets (Assets that can be used immediately):
Emergency Funds (Savings + Checking): $44,000
Market Funds (Stocks + Bonds + MF/ETF): $10,000

Other Assets:
Equity Property #1: $140,000 (November 2005 price)
Equity Property #2: $50,000 (November 2005 price)
Retirement Funds (401K, IRA, Roth IRA): $30,000

Short Term Liabilities: credit card, no car payment, no nothing, nada, zip, zilch, zero...sorry for not being your average american.

Long Term Liabilities:
Property #1: $560,000
Property #2: $750,000


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