Archive for February, 2008

Portfolio return for January 2008

Monday, February 11th, 2008

January 2008 had been an extremely volatile month as far as the equity markets were concerned. My portfolio is down a hefty 3.72% for the month, but it could have been worse since at one point (right around 1/23), I noted a fall of as much as 6%. It recovered slighly at the end of […]

ETF transfer from Vanguard to WellsTrade

Wednesday, February 6th, 2008

For the purpose of free rebalancing, I submitted a request to transfer the ETFs I held in an IRA at VBS (Vanguard’s Brokerage Service) to WellsTrade (Wells Fargo’s free trade offering).
I was pleasantly surprised by the speed at which this was accomplished. I faxed in the request to WellsTrade on the morning of 2/04/2008 Monday. […]

Municipal reset bonds auction failure

Tuesday, February 5th, 2008

Just read this off Fatwallet Finance: it appears that there were some municipal reset auction failures over the past two weeks. Here’s the first article:
A tortuously slow and painful credit ratings shakeout in the beleaguered bond insurance industry has helped cause the failure of US municipal bond auctions, the first known instance of this since […]