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Stocks for my S/D SEP IRA

February 6th, 2012 at 09:15 pm

I had $8283 in my S/D SEP IRA brokerage cash account, and decided to pick up 2 on my list - Chipotle (CMG) and Cost Plus (CPWM). I bought approximately equal amounts - $90 more of Cost Plus. Chipotle stocks are very expensive - $4097 only got me 11!
The trades haven't gone through yet but I set the limit price well within todays dailies so they should trigger it.

Its exciting buying stock.

Investing - IRA

January 30th, 2012 at 09:59 pm

I decided what to invest the $31,000 I had in cash in my traditional IRA. Some of the money was not invested when I rolled money over, some is from 99 cent only store sales.

So I am set up to buy (tomorrow hopefully, I have market limits set that should get triggered).:
Starbucks (SBUX), Intercontinental (IHG), Southwest (LUV), and Seniors Living (SRZ). The first 3 are companies I use frequently and think they will be in business for a while. The last was a calculated gamble. Well, its all a calculated gamble. More than just numbers.

I currently have $31,000 already invested in this account, stocks I bought in July when I rolled. $4000 of that is earnings, the stocks I chose are doing ok. I'm quite liking Coach - COH.

This is an interesting retirement account, I don't think I will be able to add money to it. So it starts here and goes for 14-24 years. I'll switch to more conservative investments in the future :} Or not. Perhaps I'll be conservative with other accounts.

I have a few other brokerage accounts that need stock. TO DO.

Too many accounts!

January 26th, 2012 at 08:16 pm

I have too many brokerage accounts. There. I've said it. Now I suppose I have to do something about it.
At least get them organized.

I got my history from my 4 investment accounts with USAA, they uploaded back from 2007 to the document area and I printed them out and put them in folders labeled. I have a joint brokerage (with k), a traditional ira, a roth ira, and a sep ira. And a mutual fund that was cashed in this year. I sold stock too, but it looks like I sold some at a loss to make the total gain only a few hundred. So that won't add to my tax burden. I have a lot of cash in these accounts that need to be invested, when I have time to think about what to invest in. I rolled over an IRA. I invested about half in July and made $3707 or 15.89%. That includes the NDN that was sold.


I also have 2 first trade accounts that I have had for a while. I used to do a bit of day trading and quicker investments, during the 90s. I took most of the earnings out, but never sold any of the stocks that lost money, so I have some bizarre things going on. I have a few stocks without symbols I can't trade. and a few work 0.004 or 0.002 or 1.46.
Of value:
8 shares of ARET for $9.28
235 shares of GERON for $488.80
and $2167.88 cash.

My 99 cent only store (NDN) stock sold 1/17/2112, 99 shares for 2178. I will need to declare than next year.

I have a ROTH IRA account with First Trade it has 488 shares of GERN for $1015. And about $5 in the cash account.

I have an ING brokerage account. I set it up with automatic investments coming from the business account and buying NDN stock. The stock buying was automatic too. The stock I had got sold for about $7300 and I transferred that back to the business to pay a credit card. The business is increasing stock and has a bit of debt. I am going to have to pay tax on the stock sale next year.

I used to have an etrade brokerage account. I'm going to continue to ignore it. Its probably gone.

The only IRA I can add to is the SEP IRA, and I think only if the business makes profit. I make too much income to add to an IRA. I am putting money away through one of my incomes, which I also need to organize. I just started this year, I think its about $4000/year. And I think its getting matched.

I also need to organize k's retirements, he has a few from a few jobs too. This will be the major project after taxes.

Update Jan 24

January 24th, 2012 at 11:51 pm

The payments hit, k's credit card is now $13,378.85.
Feels a lot better.

Started to organize the investments today and realized I don't have very good records. Got a bit overwhelmed. I am going to call one bank and see if they can get me a history. I'll call Thurs or Fri.
I downloaded jstocks to keep track. But I don't have all my purchase info. And the info on the dividends reinvested. Much I seem to be lacking.

I do need to figure out the investments I need to report on taxes within 2 weeks. Can't wait till that deadline is done and the tax game put away for a while. And hopefully I won't have to come up with piles of money at tax time. Last year was about $18,000 ($8,000 was to my SEP IRA from profits from the biz). I didn't make money this year. And I sold a house at a lose that should offset the non-taxed consulting income. Hoping....



Jan 12 update

January 12th, 2012 at 03:11 pm

I'm trying to blog every day to stay on track and spend time focusing about money and not wasting it playing on the web. I love playing on the web :}

I was inspired after blogging yesterday to finish entering the remaining statements for my hobby business. I tend to call it a hobby business because its not my main job, but its a real business, it did gross $150,000 last year and employed 22 people at least part-time. Plus me, but I work for free :} Its run from my house and I do a lot of advice, but the daily stuff is run by others. I do all the financials though. I am currently a sole owner so it all goes on my personal income tax.

Other things I need to compile for taxes - charity donations - work trip receipts (Germany, ?), bank info (interest, mortgage interest), Kansas house sale info + income before sale, stock sell info (wasn't there a letter about this from last Jan?), ... I'm sure I"m missing things. Next year I will be more prepared because of this wonderful blog that will help keep me organized.

TODO - organize paperwork and set up files so they will be maintained over the year instead of just putting everything in a 'to be filed' hanging folder.

I bought a $50 coupon for a local Mexican restaurant for $4 yesterday. Yes, FOUR dollars. From Restaurants.com. Regularly $20, but I got $16 off by going through upromise and typing in DINNER for a coupon. My friend is getting 13% for her student loan. I chose a place I haven't been that I think my nieces will enjoy. Its an inexpensive place and I'm not sure we can even eat $50 worth!
I also bought some toner and other things for the business using the upromise link, Staples.com offers 2% so I bought all the things I usually do at the end of tax time (1099 forms, storage boxes, etc) and got free shipping, and they will arrive before I could have gone shopping anyhow.

I also opened a new type of savings account and transferred my 6-month emergency fund to it (and set up the $1200/month automatic savings). The old savings was getting 0.25 (going to .3 at 25,000), the new one is 0.30 now going to 0.35 at 25,000. Not a huge difference. The CD rates weren't worth the lock. This savings is something to look into when I start studying my investments... (TODO)

Jan 11 update

January 11th, 2012 at 05:44 pm

Had my new consolidated deposits go through today. $2575 in total. It dropped my bank balance to $650 which was a bit unnerving, I like it over $1000. I didn't get a $1741.15 paycheck automatically deposited, I need to look into that, not sure I turned in the timesheet or if it was just late due to the holidays.

I transferred that exact amount from my 6-month living expense/saving, I will transfer it back when I get the money. So my checking account is accurate - $2675 with about $1200 that hasn't cleared. I'm caught up on bills, and according to my http://purple.savingadvice.com/2011/12/28/time-line_89165/ timeline I have more income coming in before I pay my credit card (have $1000 budgeted, but it will be more this month thanks to Vegas. http://purple.savingadvice.com/2012/01/11/vegas-and-vistors_...

I need to start focusing on taxes. I see my accountant on Feb 4. I have to finish my books for my hobby business, pay sales tax and issue W-1099s by the end of the month. And start on my personal stuff which will be complacdo this year.


TO DO - enquirer about paycheck
TO DO -move 6-month savings into at least CDS. Balance is currently over $16,000.
TO DO - change timeline figure so the dates are accurate.
TO DO - TAXES!!!!!!


Upromise

January 11th, 2012 at 11:43 am

I joined upromise to help a good friend pay off her student loans. She's already out of school, I think the program is through Sallie Mae.
I set up the toolbar so all my relevant online purchases will get credited.
I also applied for a credit card and got it, it will give 3% on top of any other deals towards her loans. The bank gave me a $15,000 limit, so I'm thinking crazy credit is the norm again. (I have a few things to post about this in the future, I've played some funny credit card games - all in my favour!).
I have already done some shopping using my card and the upromise site, and bought things I usually purchase like flea stuff for the cat, cat food, and last night I went through drugstore.com and picked up a few things I usually buy and have wanted. I think so far I've made her about $40 for her loans. A few of the places gave back 8% when I used the credit card too.

I made one unplanned purchase; I bought one share of a stock certificate from the 99 cent only store (NDN). I am getting an actual certificate, matted and an engraved plaque which I am having 'Thanks for the ride'. I have bought a lot of this stock (NDN) over the years, its made me a lot of money, and its about to go private. I currently have hundreds of shares which I guess will be sold. The shareholders meeting is tomorrow to vote, but since the board wants to sell I assume it is a done deal. So I guess this is officially artwork.

TO DO - make a list of all the stuff I buy and compare online prices. I don't like shopping (except at the farmers market) and tend to buy most things online anyhow.