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Putting my head back in the sand... - A Suburbs Boy Living a Country Life [My Flickr Photos]
March 18th, 2008
08:50 pm


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Putting my head back in the sand...
I made the mistake of looking at how our 401(k) investments have done over the last year. I might as well have been investing in mortgage-backed securities. Okay, not quite that bad...but...ai-yi-yi!

(7 comments | Leave a comment)

[User Picture]
Date:March 19th, 2008 12:53 am (UTC)

Oh GODS yes...

I try to ignore mine as much as possible on the assumption that by the time I actually retire it'll all work out... that and the fact that I fully intend to die in my office.
[User Picture]
Date:March 19th, 2008 02:12 am (UTC)
Just think of it as a buying opportunity.

If you aren't retiring soonish (next year or three), no worries.
[User Picture]
Date:March 19th, 2008 03:22 am (UTC)
I just have to keep reminding myself that I'm dollar cost averaging and it really means, with any luck, that I can buy more shares now that will be worth more later.
[User Picture]
Date:March 19th, 2008 04:28 am (UTC)
*shiver* I haven't looked at my statements for ages; I think I just fed an unopened stack of envelopes from last year to the shredder.

The US dollar's been diving against most other currencies, too. Overseas investments, ahoy! (Or even Canadian ones, with their dollar about equal to ours now. Eesh.)
[User Picture]
Date:March 19th, 2008 01:24 pm (UTC)
I'm talking completely out of my ass here, but I've been doing transcription work for a network of various financial planners for about six months and they've all been seeing the same thing and recommending sticking with your current allocation through the slowdown or now's the time to buy, as sillyhunter said.

Overall, they're predicting that this will last at least for the rest of this year.

once again, out of my ass...
[User Picture]
Date:March 19th, 2008 03:06 pm (UTC)
There's a happy medium between 'let it grow' and 'check it often'.
Are these expected to do well over 5 years or 50 ?
If 5, then checking every 6 months or so isn't a bad idea.
If 50, let it go.
Deep breaths.
[User Picture]
Date:March 19th, 2008 03:51 pm (UTC)

More like 30...

but yeah...deep breaths and let it go...
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