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Retirement funds after the dive.

May 30th, 2006 at 03:44 am

As I sit here recovering form cutting branches out of my oak tree (oak is really hard wood!), I took a quick look at my retirement fund balances. A few weeks ago I said the amounts had crossed the 100K amount. Well if you do any following of the market, you can guess what happened next. As they say in the war movies on a submarine, "dive, dive!"

When I looked last on Friday, the total had went down to around 97K, quite a precipitous drop. For some I know that is a terrible time to follow stocks, but I know I have over 20 years 'til I retire (unless I get lucky somewhere!), so this drop is really insignificant. In fact, as my latest retirement contributions were made at the close of Friday, that means I got more for my money. Perhaps next time it gets back up to $100K, I won't say anything - I think I jinxed it when I talked about it last time.

I had also sent some money in for a DRIP I have alomst 2 weeks ago, but the purchases are done only once every two weeks. Well the purchase was to be done this past Friday, so hopefully that worked to my favor as well.

Not much of a moral to the above, other than perhaps to say if you want guaranteed returns, work on being frugal. When you save money, it always goes right into your pocket.

1 Responses to “Retirement funds after the dive.”

  1. baselle Says:
    1159415706

    That dive is only a 3% drop. Gotta stop biting your nails. Wink

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