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I peeked and its not good

July 17th, 2008 at 11:00 pm

I checked my retirement account today because I heard the market was up the last two days. Well, I'm glad I didn't look before. It is still bad.

My roth account alone is down 8.5% since I last checked in on May 19th of this year. The whole account since the beginning of the year is down about 13%.

The positive side in all of this is that I'm 35 and don't need this money for the next 30 years or more. I'm also still investing each and every month. My next automatic investment is scheduled for next week. Looks like my shares are still on sale for a while longer. Yipee!!

So, since I peeked you don't need to...it's not that good yet. But keep investing the shares are still on sale.

Posted in Saving | 3 Comments »

3 Responses to “I peeked and its not good”

  1. Broken Arrow Says:
    July 18th, 2008 at 12:21 am 1216340460
    1216340460

    Yeah, the recent freak rally is well... freakish. But not much of a consolation for those of us who had money in there earlier. Bottom-feeders who are into crazy, crazy risk are having a field day I'm sure.

  2. baselle Says:
    July 18th, 2008 at 02:52 am 1216349533
    1216349533

    I keep thinking about all that money I put in during 2001 - 2003. I felt sad at the time, but very happy during 2004 - 2006 when all those shares, bought cheap, really lifted my portfolio. Remember your feelings right now, and keep up with the dollar cost averaging.

  3. scfr Says:
    July 18th, 2008 at 02:35 pm 1216391742
    1216391742

    You have a good attitude about it. I force myself to check only on the last day of the month ... It is tempting to check more often sometimes.

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