My 1st Million At 33 – yes, you can do it too

For the month of June from 6/1/07 to 7/1/07,

1. Net worth is down by 3.83%.
2. Value of my company holdings is down by -12.05%. My asset allocation strategy using the assumption that my company would positively and strongly correlate to the general stock market is obviously breaking down. The losses from two consecutive month in this category are now at almost 25%.
3. Everything else excluding my home and cash is also down by 3.63%, with the PM market taking a heavy toll at the end of the month.
4. If including cash in #3, it’s down by 2.54%.

Well, but this review is already 9 days late (unintentionally). And PM markets had the biggest July rally for quite a long time, returning ~8% in just 9 calendar days. My company stock went up too, and both probably made up most of the losses if not more.

Looking forward, I am preparing my shopping list for more energy (uranium and natural gas) and precious metal stocks (mid to junior, and possibly indexing ETF), in the hope that the correction will materialize. I have sold out all holdings that correlates to the general market this month. Of course, the correction is still nowhere to be seen. If the bull market continues, I will be simply time-averaging back into the market with selected picks. I have been itching to buy several names. Unfortunately, they are running away in price, and I often barely have enough time to watch their prices once a day.

Special note: returns were calculated by subtracting 3.00% APR return of my cash position.