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Archive for August, 2023

Wine Country 🍷

August 28th, 2023 at 12:57 pm

Not much to say about the stock market. I hit my high July 31st & it's been down since then. Oh well.

Looks like my cash surplus will be double what it was at the end of last year so I'm starting to think what I should do with it. Fully fund my IRA in January or pad my home down payment? I could do both actually.

I am looking forward to Napa Valley & Lake Tahoe. Flights & hotel have been booked. I booked the rental car yesterday. Now just to reserve the wine train.

For those that have been to either destination, what did you enjoy doing?

Capital One CD Rate Increase

August 10th, 2023 at 11:47 am

The 18 month CD rate at Capital One is now 5.15%. I don't know if I want to lock up my cash right now as I think about buying a home, but it's very tempting. I don't quite have the $10k that I like to have as I ladder my CDs. I'm at right about $8k. If they still a have this rate at the end of the year I may consider the longer term. Right now I have two 11 month CDs at 5.0%.

Mortgage Pre-Approval

August 3rd, 2023 at 02:57 am

I was pre-approved for a mortgage loan. I set the purchase rate at $350k - the absolute most I want to spend - with a 20% down payment. The goal is to pay at least $100k down. My mom has offered to give me $100k, but I think it's best that I not take the money. I would rather her keep her money to make life easier for her & my dad.

I'm looking at home purchase about a year from now when my current lease ends, but at least I know what I have qualified for while I'm searching. Interest rates have really kicked up. My current rate would be 6.50% for 30 years. I hope that the rates fall before I'm ready to buy.

July 2023 Net Worth

August 2nd, 2023 at 01:55 am

I can claim an all time investment high this month.

TSP $985,217

IRA $292,627

brokerage $86,464

Investments $1,364,308

Savings $28,372

Total $1,392,680

That is $52,044 in investment gains & $52,655 gains over last month. Maybe August will be the month I see one milllion in my TSP? I'm also not far off from $300k in my IRA. I will hopefully see that sometime next year, if not this year.

In other news, I applied for a pre-approved mortgage loan so my credit score took a hit of a couple of points due to credit inquiries, but I'm still well over 800.