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Financial Stuffs

May 24th, 2007 at 12:52 pm

So it looks like I may win $5 or $10. That was easy peasy money. Wink Good to see more people participating in this newest blog competition though. I think they're fun, though I am stumped on Top 10 for now, may sit this one out.

I moved $500 over from bonds to stock. Everything is doing good I guess, but getting way too bond heavy. So did the shift. I just did a big shift a couple of months ago - yeesh. Keeping on top of allocations. Plus it looks like we are up 8% for the year. Not bad, not bad. Cash, bonds, stocks and all... I am still amazed how much we are beating ex-broker's butt, but I guess not having to pay an inordinate amount of fees makes ALL the difference. All that being said we have another 1-2% to beat 2004 & 2006.

I would really like to do some ROTH conversions right now. I keep thinking what if dh gets some giant windfall from this movie and we get pushed to a higher tax bracket? What I should really think is, so what? Like it matters. So we will have that much more money to pay for the conversion. I should just bite the bullet and do it! What are the odds anyway - pretty slim. I have to jinx it to get a big windfall, so be it. That would be quite a jinx. Wink I can't contribute to any of my funds right now because I guess for the same reason - it is iffy if I am entitled to a tax-deductible IRA contribution if any extra money comes in. I should just start the paperwork - lord knows it takes forever. Waiting so far just means a bigger tax bill - all my accounts are doing so well. I don't think I have any bond funds right now either - dh has them all - since we have so little to work with individually I just consider it all one - our money. I have some cash, he has the bonds, we both have everything else I guess. But yeah, I should start paperwork and start converting. Every $100 gain is another $15 tax due to the Feds when I finally do it. It would be nice to be able to add some money to my accounts! Wink

Oh, I tried to move the $115 sitting in my Fidelity cash account to my mid-cap fund, but I guess I need $250 minimum. Now that is a conundrum. I am not sure if I can add any money. All the more reason to convert that and contribute the token $135 so I can invest the cash. I was wondering if I sold $135 from the mutual fund and then bought it back with the $250 if that would work. It probably would, but would they rather me go through all that? Gah. Why are these things so dang complicated!

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