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In the year 2007, I put $4800 into my freshly minted retirement account.
How much do you think it was worth at the end of the year?
$4,799.78.
...D'OH!
That'll happen with investments, though.
To look at it positively, what happened is that in a wobbly market with a shitty dollar, they held the value rather than lost anything significant (it's not like a bank account which can only increase and is insured). I've only had the account six months, anyway. I'm just amused that it was twenty-two cents.
How much do you think it was worth at the end of the year?
$4,799.78.
...D'OH!
That'll happen with investments, though.
To look at it positively, what happened is that in a wobbly market with a shitty dollar, they held the value rather than lost anything significant (it's not like a bank account which can only increase and is insured). I've only had the account six months, anyway. I'm just amused that it was twenty-two cents.
no subject
Date: Jan. 9th, 2008 10:42 am (UTC)From:Because right now, with inflation high, unemployment rising, and denials about the recession starting to wash away, you really want to diversify. Exchange traded funds (ETFs) for resources (crops, uranium, gold, oil) are looking very good, as are foreign bonds for currencies that aren't in continuing free fall.
(YMMV. Talk to your broker or other professional before making any investments.)
no subject
Date: Jan. 9th, 2008 11:16 am (UTC)From: