tag:blogger.com,1999:blog-6406250502334361055.post5534960661635166919..comments2023-10-22T05:30:40.231-05:00Comments on Money and Sense: Networth UpdateFinance Guyhttp://www.blogger.com/profile/17383060126272001336noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6406250502334361055.post-78715217195366993092008-01-03T23:45:00.000-05:002008-01-03T23:45:00.000-05:00Good catch anonymous. This actually increased my n...Good catch anonymous. This actually increased my networth, since I had also forgotten to decrease my car loan, making about a $300 difference.<BR/><BR/>In terms of my Roth IRA, I buy options in the assets that I blog about daily.<BR/><BR/>In my mind, the younger you are, the more risk you can accept since the investments you make are of smaller sizes and you can stomach such high risk.<BR/><BR/>At the same time, I am hedged by my 401(k), which I have invested in a very diversified and long-term way.Finance Guyhttps://www.blogger.com/profile/17383060126272001336noreply@blogger.comtag:blogger.com,1999:blog-6406250502334361055.post-21302718917479207492008-01-03T22:39:00.000-05:002008-01-03T22:39:00.000-05:00Also - If it isn't too personal a question... What...Also - If it isn't too personal a question... <BR/><BR/>What are you invested in with your Roth IRA that lost so much this month? What type of options? Do you plan on keeping this level of risk?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6406250502334361055.post-76643685935237605492008-01-03T22:37:00.000-05:002008-01-03T22:37:00.000-05:00You forgot to decrease the car value this month. ...You forgot to decrease the car value this month. It's the same as November.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6406250502334361055.post-86978088111539505802008-01-02T23:04:00.000-05:002008-01-02T23:04:00.000-05:00Mark,Roth IRAs can be deducted the amount you put ...Mark,<BR/><BR/>Roth IRAs can be deducted the amount you put into them with no penalties. However, you are right that it is a bad idea.<BR/><BR/>But, the real reason it took a huge hit is because I invest my Roth IRA into risky options and last month was not a great time for high risk betting.Finance Guyhttps://www.blogger.com/profile/17383060126272001336noreply@blogger.comtag:blogger.com,1999:blog-6406250502334361055.post-73059143984916227412008-01-02T14:57:00.000-05:002008-01-02T14:57:00.000-05:00Hey Finance Guy,I noticed that the balance of your...Hey Finance Guy,<BR/><BR/>I noticed that the balance of your Roth IRA took a major hit this month. Were you able to use these funds to cover recent expenditures? If so, I did not realize that was allowed and also, is that really wise?<BR/><BR/>Thanks,<BR/><BR/>MarkAnonymousnoreply@blogger.com