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Archive for August, 2009

I'm shocked.....

August 29th, 2009 at 02:38 pm

to see gain in my Sharebuilder account.

I've been buying stocks of different companies every month. I pick these companies depending on how I feel. Sometimes it's drug company, sometimes it's bank. I do it for fun and I consider $100 as my monthly hobby expense rather than saving or investment.

Anyhow, I had this HUGE loser stock that wiped out other stocks' gain for a longest time.

Guess what?

I saw gain of $100 first time since I started my investment! (which is about 2 years or so...)

It's so nice to see gain instead of loss. Hahaha : )

Did you check your 401K balance lately?

August 18th, 2009 at 01:27 pm

I've been checking my 401K balance and so happy that it's back to 6 figures!! Yay!!

My friend and divorce

August 17th, 2009 at 02:22 pm

One of my friends is getting a divorce. She's been married for 17 years and has two boys. Her husband is a friend of ours, too. And he's a great guy who worshiped his wife.... until he found out his wife wasn't faithful to him.

I think the husband wanted to do over, and was willing to forgive his wife. But the wife said she doesn't love him anymore and wants to get a divorce. In their case, I'm feeling sorry for the husband. He's so screwed.

His wife never worked, and doesn't have a college degree. So, she knows she won't be able to get a high paying job. Thus, she wants him to pay her spousal support in addition to child support.

I had lunch with her with other friends and a couple of her comments kind of touched my nerve.

Me: "My co-worker was paying his ex-wife $700 for spousal support."
My friend: "That's it??"

Well.... do you know how hard it is to earn $700???

Me: "Do you have your own bank account?"
My friend: "With what money can I open a bank account?"

Well.... it doesn't cost $100k to open it. All you need is... maybe... $20??

So, here she is, doesn't even have her own bank account (to me it means no independence whatsoever), and pissed off a guy whom she will totally be dependent on financially, and complaining that the only job she can find is a kind that pays $10 an hour. Well.... you need to start somewhere.....

They live in a beautiful house that cost them $1M when they moved in a couple of years ago. Of course, it is upside down now, approx. $200K. Her husband doesn't want to sell the house because he knows he cannot sell it for what he wants. He is so angry at her now that I really cannot blame him. He always treated her like a princess, as far as I know.

They're going through mediation now but not sure how much they will agree on stuff like house and spousal support. I just hope she is making a right choice for her.