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I had a shock looking at my Roth acct. tonight

July 1st, 2011 at 07:46 pm

I decided to make a quick check of my ROTH IRA accounts for an end of the month checkup, and at first I didn't notice it because it was sooooo far off, it just didn't register. Finally I noticed my account was a few thousand off what it should be. One stock I owned had dropped dramatically (say 40%!) in one day, and I had no idea what happened. (BTW, it is MRO) At first I thought it was a glitch, but I quickly saw it wasn't. After some research I found out they spun off part of the business and I should be getting some stock of the new company. So far my account isn't showing the new stock, so I added in what I should get for the new company, and my overall account went up slightly.

Man, I just don't need shocks to my system like that.

3 Responses to “I had a shock looking at my Roth acct. tonight”

  1. baselle Says:

    I feel for you. I had a similar queasy experience for one of my shares (WEC) which had dropped like a rock in one day. Turns out that was the day the stock split.

    In addition to sometimes collecting business news releases, I figure out where the company is based and scan the business news in the company's local market. The surprise stock split tells me that this tip doesn't always work.

  2. snafu Says:

    In June there was a huge campaign asking contributors to check the fees they were being charged and to familiarize themselves with their holdings. It's important to know if you are holding a bond fund or product whose fees and low rates combine to keep reducing the value of your holdings.

  3. rob62521 Says:

    I hate shocks like that! A year or so ago after the stock market was really tumbling, part of my 403b was in stocks...I had lost so much that it was actually eating into the principal...that was not a good time. Especially since I've paid into it over 20 years. Hopefully with this good week, the stock market has sort of turned around.

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