I lost $337 in my 401k last month. That really isn’t a lot of money. Especially since I only have a pitiful $4,000 in my 401k account. Some unwise people are taking their money out of the stocks and putting them into bonds and cash. I don’t know much about the stock market so I have to believe the majority of pf bloggers and my 401k administrator when they say as long as I have a diversified asset allocation then I should stay where I am. I followed the 401k administrator’s pie chart on asset allocation for my age and I’m holding with one exception. Since the price of stock has fallen, technically they’re on sale. I can’t pass up a good sale so I’ve increased my contribution by $10. That’s kinda pitiful. I think I’ll add another $15 to that and see if I notice the difference in my paycheck. It’s not a lot but it’ll do until I get a good efund going on.
Monday, July 21, 2008
I Can't Pass Up a Good Sale
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