Lack of patience in my life

Patience has never been abundant in my life. Usually thoughts have revolved around being a go getter. It’s interesting to talk about this because my first thought is to rush off to amazon and find a book on patience.

Work and the CPA are two things that are causing me unhappiness, both take up time, and both excluding money provide no value. Upon waking every morning no thought of what fulfillment lies in the day fills my thoughts, rather it’s how much opportunity is being wasted. Unfortunately, nothing is as value adding as making money at this point in time, but this rant is getting to long proportions.

Several minutes ago a friend of mine was advising to slow things down in regards to work, to not be so eager to find another company. He stated that things out there are bad, and he’s right. Up until now much focus has been put on leaving this company as things that are of value, have not been offered. Things like working from home every once in a while, or getting comp time for lots of overtime. Furthermore, personality wise, future looking is my niche as opposed to history.

It’s tough to wake up every morning knowing that there is six months left before any mobility can be achieved. This is where patience comes in. Six months from now my opportunities and skill sets will increase.

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February 2013 Net Worth Update $7,815.13 (18.61%)

The month of February was good for the emergency fund, mainly due to a tax refund in the tune of $3000. Unfortunately a series of large purchases also took place. I ended up purchasing a mattress as sleeping on the air mattress wasn’t allowing to have a good nights rest, I also purchased a new phone as my old phone has a shattered screen, finally I made an insurance payment of around $400+.

With all that being said my budget is coming together, and I’ve set aside $100 / month for insurance, and $10 bi-weekly to go into my ATM account. While this may not be the smartest move I’d like to look into either purchasing a bike, or going to the gym as this would help with stress. Oh yes, one thing I forgot to mention is that I un-enrolled from the healthmiles program at my employer, it’s tedious to login daily and go for health screenings. It may be lazy, but having to make back money and get taxed on any proceeds just wasn’t worth it. Excluding all of the above, the only other thing noteworthy is that I’m waiting on my Georgia tax refund of ~$300+.

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Studying for the CPA – Brainstorming

Right now for studying for the CPA i’ve been watching Becker lectures, following that I would try out some of the homework. I’m so very reluctant to admit that the wording is tricky and often times it does cause me to stumble. I was reading on the everyday systems forum that testing helps retain memory, for that reason I’ll be quit watching lectures.
When I was in school drilling problems and looking answers taught me the most, granted I didn’t know the very minute details of each theory, however I understood the overarching concepts. In others the picture was clear. I always wanted to say “in other words”, mission accomplished.
Moving on, I think I’ll be drilling problems and see how I end up doing. It’s about time I got into experimenting again. Waking up around 5ish, and heading into work at around 7ish seems like a good hour to practice. Currently too much time has been spent on reddit and other aggregation websites for me to be effective.

I’ll make sure to post some type of update on how I’ve been doing.

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January 2013 Net Worth Update $4,668.66 (-2.59%)

Overall for the month of January I lost money, however I ended up paying 2 months worth of rent (~$1600), and purchased a vacation ticket to England (~$782). That being said I expect February to be a better month as I should incur less expenses. Furthermore, March should yield even larger growth as I’ll be receiving three paychecks. On the tax side of things, it looks like I’ll be receiving around $1200, give or take a couple of hundred dollars.
I expect my utility costs will go down as winter winds down as I’ll be heating my apartment less. In addition, for the next two months my Comcast bill is paid in full due to credits for a missed, and late installation. Besides that there isn’t too much to note, I’m looking forward to finishing up with the CPA in about 9 months and looking to move into a different company following that.

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One last thing to note, I’ll either rebalance yearly or give up rebalancing as I don’t feel it is worth the work. I have also given up tracking the various amounts in my investments, rather all items will be lumped into one category until otherwise noted.

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High Yield Bond Etfs Comparison

I’ve been looking to find alternative investments besides what is in my main portfolio (utilizing a slightly modified permanent portfolio). As such junk bonds / high yield bonds have been interesting as they generally correlate with the stock market, however with less volatility. I put together this chart to see which etf would suit me best, as I’m looking for a number of things.

As you can see I have this filtered by duration, something I’m weary to take lots of risk on as I own long term bonds. As such I’m favoring HYS an etf by PIMCO that is on the short end of the yield curve.

Taking a look at etfreplay we see that it does have a good bit of volatility in it, but much less so than the stock market.

The first screenshot is HYS (Pimcos Etf) vs AGG (iShares aggregate bond index)

The second screenshot is HYS (Pimco Etf) vs IVV (iShares S&P 500 index)

Finally in this last screenshot we see all the different etfs listed in my table above moving against one another in terms of NAV.

I believe HYS has a lot of potential. There are definite risks involved, however I feel those are somewhat mitigated due to the credit screening, and low duration of the etf. Perhaps in time I’ll be looking to add a position into HYS and I will track how it does relative to my portfolio.

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October 2012 Net Worth Update $4,072.57 (-3.22%)

For the month of October I paid close to $1000 dollars for my current rent, and another $800 for other apartment. I’m waiting to receive a refund in the neighborhood of $600 dollars which should help me along. Markets overall this month didn’t do too well, and gold has constantly been a boon or a curse, but so has every asset class.
As a note, I have a $2000 contingent liability on my books until one year of employment is over. As of November 10th, I’ll have 10 months to go.

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Now a part time Vegan / Vegetarian

I wrote here how I wanted to experiment with Veganism for 30 days. Unfortunately 2 days in I ate meat, and had to restart.

First Week:
Starting out was difficult as cravings are constantly testing your willpower, and at time you fail. Furthermore it doesn’t help that friends go out and will eat meat with almost every meal, if not every single one. However if you want something, perseverance is key. My first couple of days were nothing but cravings, and having to throw out lots of food because it was meat or dairy based.

Second Week:
Following the first week the cravings went away and it became easier to go out and not salivate all over the meat menu. It also becomes much easier to talk to those close to you and admit that you aren’t into meat. It amazes me how much peer pressure can play into making you follow certain trends. During my first week I couldn’t look my friends in the eyes and admit that I don’t eat meat or cheese.

Third Week:
This is where things start to become odd. At first you crave meat, then the cravings stop, and then you start to dislike meat altogether. Throughout this week it was difficult to imagine myself eating meat, and my mind actively starting to shun it. It’s also noteworthy that this week my taste buds started to enjoy vegetables more.

Fourth Week:
During this last week, nothing of major importance happened.

My overall thoughts:
There are a lot of health claims touted for being vegan or becoming vegetarian. I’ve found most of these to be false, however two major things stick out. My energy levels have fluctuated a good bit, however after a large meal a nap will be necessary. Before napping occurred once or twice a day. Hunger cravings have changed from more sweet things like chocolate, and candy to clementines, bananas, and other sweet fruit. This could be attributed to eating more fruit with every meal which is more of a dietary choice than anything else.
The main takeaway here is that forcing yourself into good lifestyle habits will trump any diet or fad out there. This is evidenced in the book, Blue Zones.
Finally, veganism is the ultimate goal, however try eating out on a corporate business trip. It’s difficult to do, and it’s not always ideal to shun dairy products. While out there, my best foot is put forward.

Give being a vegetarian a shot and see how much you enjoy it, if anything switch back. Oh yeah, while donating blood it was shown that there is plenty of iron in my blood. Who would’ve thought?

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August 2012 Net Worth Update $8,229.75 (-4.93%)

This month wasn’t too bad considering my unemployed status (beginning job this September).

Fortunately although spending rose a very good bit, so did the overall market with gold actually coming back into the black. Now as I enter the new world it will be fun to start paying more and more bills. Bring them on!

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Jumping into Veganism

I’ve been vegetarian and vegan before, but I gave it up due to pressure or losing too much weight. Now I’m back into it, this time for good, and I’ll be sharing my adventure as I live it. My reasons aren’t to protect the world, nor to help the animals, rather I’m doing this to become more healthy and have more energy.

Day 1:
Today wasn’t too bad. This morning I had some fruit and oatmeal with peanut butter. Lunch was lentil soup and cantaloupe. Dinner was cucumber, tomato, humus, with bread and small amount of black salt. Finally for dinner it was all about white grapes.
Emotionally speaking I didn’t feel too deprived of food, nor were cravings evident. With this new way of eating (for me, nothing new about veganism) I’ll be able to lose several pounds that I probably don’t need to. Maybe I’ll look good in a speedo?

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Patience when investing

As of now I have some cash that is sitting idle that I would love to invest, but is it worth it?

In just over a month I’ll have access to a 401(k) where I can grow money tax free, and not have to spend an extra couple of minutes working on my taxes. That’s the tough part of wanting a prompt retirement, learning to weigh what the costs and benefits are.

Yield while important over the long term isn’t too important in the short term. I’m much like a private company, seeking long term growth and willing to take hits in the short term.

With everything being said, make sure to always take your time when making important decision. Think, how will this impact me in the future? Is there any way I can maximize my efficiency?

While I may not be able to invest this money at the moment, I may be able to negotiate a 12-15% reduction in rent due to paying a lease in its entirety. Not a bad ROI.

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