The CHT Pump

On Sunday evening Japan time (more like early Saturday morning in the U.S.), I ordered a sell of $1400 out of VMMXX and $2300 from VBMFX to put into a new VIPSX and an already existing VTMSX account. This is just to diversify the bonds side of my 50/50 stocks/bonds taxable account to be used for school/house/car savings. $700 each gets added to the stocks and bonds sides to keep contributions even.

The bad news: Monday comes the FNM/FRE bailout and VTSMX is up 1.5%. I end up buying $700 worth of VTMSX at the new NAV. Tuesday comes and it’s down 3.14%. Bah!!

The good news: Losing 3.14% in NAV the next day is a hell of a lot better than the Franklin Templeton fund I was using last year that charged a 5.75% load (Somebody please kick me in the balls). Long live low-cost index funds!