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Fully Funded 2k7 IRA

April 15th, 2008 at 02:37 pm

God is good.

I was able to fully fund my 2k7 IRA with 4k. I am now working on a goal for the 2k8 for 5k

My portfolio breakdown as follows.

U.S. Stocks 0.12%
International Stocks 87.62%
Fixed Income 11.72%
Cash 0.47%
Other 0.06%
Not Classified 0.00%

Regional Breakdown
U.S. & Canada 0.13%
Europe 1.85%
Japan 0.00%
Latin America 55.00%
Asia & Australia 34.75%
Other 8.27%

My Style
80% large caps intl
20% mid caps intl

Posted in Retirement | 4 Comments »

4 Responses to “Fully Funded 2k7 IRA”

  1. merch Says:
    April 15th, 2008 at 04:12 pm 1208275946
    1208275946

    Nice work Bill!!!

    Your a lot heavier in international then me (I am about 20% intl and 80% US). Your also heavy in Latin America. Looks like a lot of risk in emerging economies, but as long as you and your wife are comfortable, that's all that matters.

    Instead of an EF, ST, LT funds, you might want to lump all tha into EF for now. You may alos want to stop your IRA contributions to pay down the CC before they readjust. But it looks like your on the right path. 2,000 pay down in march, not too shabby.

  2. billm950 Says:
    April 15th, 2008 at 11:05 pm 1208300746
    1208300746

    See, the way things are going, the US looks very unstable with all these interest rate crisis. Right now i'm looking into another 2000-3000 paydown this month on the cc. I been following the economy in brazil/argentina and they are the next world powers. they just discovered another oil field in the coast and that is going to bring in alot of new jobs. I'll adjust the brackets as things move forward to get 35% intl, 30% large cap, and 30% midcap/small caps and 5% in cash.

    EF funds is my next goal is to combine into one as will probably cut the funding to $35 a week to pay down some more cc.

    i hope to be under 25k by december.

  3. terri77 Says:
    April 16th, 2008 at 12:25 am 1208305527
    1208305527

    Good job on funding the IRA!

  4. Broken Arrow Says:
    April 16th, 2008 at 12:09 pm 1208347750
    1208347750

    Er, yeah, I was just going to say something about the internationals.... Ordinarily, I would say there is something seriously wrong with this picture....

    But then again, it is true that Latin America is an emerging power.... So, I'll take a look into that.

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