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A financial journey to our first million dollar

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S&P 500 Year-to-Date Return –3.9%

May 20th, 2010

Today, we had a little bit of pullback in major market indices all around the world. S&P 500 is down –3.9% today. The return of S&P 500 year-to-date is now –3.9%. It’s not too bad considering we had a pretty nice run last year.

Let’s take a look at the return of major indices around the world:

S&P 500: –3.9%
Dow Jones Industrial Average: –3.45%
Nasdaq Composite Index: –2.87%
S&P/TSX Composite Index: –2.9%
Shanghai Composite Index: –21%
Hang Seng Index: –10.64%
Nikkei 225 Index: –4.89%
FTSE 100 Index: –6.28%

So far, North American indices beat other major indices; while emerging market indices seems to be lagging. Will we see another bear market ahead? Nobody knows…

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Tags: bear return s&p 500 year-to-date YTD

Are We Stock Picker?

February 14th, 2010

investing_1

If you’ve been reading a couple of our last postings; you might be wondering: are we stock picker? We’ve been talking about stock picks, see here, here and here. In fact, we have never talked about ETF or mutual funds.

The answer to this question is: yes and no. We have a diversified portfolio; a large amount of them are invested, surprisingly, in ETFs and index mutual funds. We allocated only about 10% are invested in individual stocks. We’ll discuss more about our assets allocation in future posting.

Why don’t we just invest in index funds and do nothing? Isn’t investing in individual stocks very risky? There are a couple of reasons. One reason is because we want to find ten-bagger. We don’t normally find ten-bagger in index funds, do we? Another reason is because we want to improve our investment skills. We’re still beginner in the investment world; there are a lot of things we need to learn. That’s why; we don’t want to risk too much capital in individual stocks (for now).

(Picture is from stock.xchng.)

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Tags: ETF funds index Investment mutual pick stocks ten-bagger

Twitter account of 1stmilliondollar.net

February 7th, 2010

We just created a new twitter account for our blog. The address for our twitter is:

http://twitter.com/1stmilliond

Why not 1stmilliondollar? We just learned that twitter doesn’t allow user name longer than15 characters. That’s why; we have to choose shorter name. It’s not the best, but we can’t wait for twitter to support more than 15 characters.