Where we're at:
Dow: 10,143.81
s&p: 1,076.76
10 yr: 3.11%
s&p P/E: 19.53
VIX: 28.53
1 yr: 6.49%
equity: 28
bond: 32
cash: 40
We received a workforce canning update last week, asking for volunteers 55 and older to take voluntary layoff, probably by the end of the year. I heard this week that 97 took the leave, 1 from IT. Lead thought that 300 were sought, a peer thought 100. The 2nd quarter wraps up this week, no news yet about how we're doing. The mood is still pretty somber around the place. I think we'll be like this through 2011 as well.
I decided to make a 401k shift this week. I don't like the Fidelity diversified int'l K and I don't need 3 funds, so I'm dumping the S&P and the Div K. I'll swap into a target date fund in 30 days after the Div K short term trading penalty period. I really like the target date funds because of the low expenses and the auto rebalancing aspect. Still no furloughs or forced layoffs, but we will see in July. The earnings call is July 21.
Saturday, June 26, 2010
Friday, June 11, 2010
more storm clouds....
Where we're at:
Dow: 10211
s&p: 1091.60
10yr: 3.2160%
VIX: 28.79
s&p P/E: 19.8
equity: 28
bond: 32
cash: 40
1yr: 9.1%
We seem to be in a correction now, the dow is down ~1000 points from its April high. But, I'm on the prowl for tax deferred investing. I bought into a REIT during this week's drop for spouse's IRA. I'll keep an eye out to get her back into US and foreign funds as well. I'll continue with the plan to bulk up our retirement and let the taxable ride. Our bonds are like the energizer bunny, hanging in there and giving us some diversity. Local credit union CDs help also. Bought a water heater this week, the only new thing left on the home list is a new mower. We'll probably buy that before Sept.
I attended a 'skip level' meeting this week with the local CIO. It went pretty well, she seemed interested in our feedback and I kept my foot out of my mouth. Today we received a workforce canning update, asking for salaried 55 and older 'volunteers'. I'm waiting for a shoe to drop before the 2nd quarter analyst call. I'm strangely calm about it this year. I think it's because I've realized that it's not in my control. We'll plan and defer what we can and prepare and see what happens.
Dow: 10211
s&p: 1091.60
10yr: 3.2160%
VIX: 28.79
s&p P/E: 19.8
equity: 28
bond: 32
cash: 40
1yr: 9.1%
We seem to be in a correction now, the dow is down ~1000 points from its April high. But, I'm on the prowl for tax deferred investing. I bought into a REIT during this week's drop for spouse's IRA. I'll keep an eye out to get her back into US and foreign funds as well. I'll continue with the plan to bulk up our retirement and let the taxable ride. Our bonds are like the energizer bunny, hanging in there and giving us some diversity. Local credit union CDs help also. Bought a water heater this week, the only new thing left on the home list is a new mower. We'll probably buy that before Sept.
I attended a 'skip level' meeting this week with the local CIO. It went pretty well, she seemed interested in our feedback and I kept my foot out of my mouth. Today we received a workforce canning update, asking for salaried 55 and older 'volunteers'. I'm waiting for a shoe to drop before the 2nd quarter analyst call. I'm strangely calm about it this year. I think it's because I've realized that it's not in my control. We'll plan and defer what we can and prepare and see what happens.
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