I Love This Game
My second playoff game came sooner that I had expected. Because of some unfortunate reason, I was offered the opportunity to see the Clippers again last night against the Suns in Game 6 of their series. Again the Clippers was victorious and forced a deciding Game 7 at Phoenix. It was very entertaining and our seats this time was at center court but still at the nose-bleeds. Thank goodness it was the Staples Center since it didn’t matter where we sat we were still in the middle of the action. I brought my Adalyn to her first NBA game ever. She was excited. Everything was fine until near the end when some dude 2 rows back fell over and push the guy behind us on her. She’s a little banged up on the shins, but I think she’ll be fine. What a way to enjoy the action after a nail-biting conclusion to my Spurs’ game the night before where they inched by the Mavs by 1 point to foce a Game 6.
On another unrelated note, I finally put 59% of my position into cash. My trailing stop-loss mark was actually met today so I had to make that switch to cash to reduce further damage by this recent bearish market. Hopefully I’ll have to see if my move was right. Moving your money out of position seems a bit overwhelming. I am worried about the fees and tax implications. But since its in a roll-over IRA, I don’t think I have any issues with tax since an IRA’s capital gain does not impact my taxes since this is tax deferred. Also the money market mutual fund’s overall fee is only 0.13% per year. That’s about just a meal a year so no biggie. Now I have to do the same with the remaining 41% of my portfolio. Unfortunately, this one is in my 401K so I have to wait for a recent transaction I initiated. On May 12th, I moved the majority of that portfolio into a Small Cap and International Fund. Both sectors suffered a 6% decline so far since then. I would have only lost about 4% if I left it the way it was in multiple funds. Oh well, live and learn. I’m willing to move that into cash as soon as we hit about 10-12% stop-loss. Hopefully this will happen later since I can initiate another transaction. Only crappy part in dealing with my 401K is that you’re only allowed 2 transactions a month.
On a positive note, I’m looking to be completely debt free next Friday. I think I’m going to have it on video of me screaming, “I’m debt free“, much like how those Dave Ramsey callers do it on his radio show. Hopefully I can post that on here when it happens.
