I blogged a few weeks ago about "My 401k is kicking butt" in which I discussed rebalancing my account and my current YTD return being 12.2% which is alot better than the 3% in 2006. After the market slump of this past week, about $2k has "disappeared" from my account. My 12.2% YTD return is more like 8.5%; still not a bad return but I don't think the fallout is over yet in the market. I wish I was able to avoid looking at my account ever so often and not worry about the occasional ups and downs of the market. Oh well, as they say, this is money you will not need for a long time.....blah, blah, blah. Can you tell I am a little frustrated?


  1. zacharyfruhling // July 27, 2007 at 12:02 AM  

    Just rejoice when the market goes down since you get to buy more while it's low. In thirty years, the recent downturn will barely be perceptible on the long-term charts!

  2. SingleGuyMoney // July 27, 2007 at 7:32 AM  

    Zachary - You're right. It is just hard to think like that in the short term.

  3. Unknown // August 14, 2007 at 4:51 PM  

    I agree w/ Zachary. Put the money in and forget about it. It will grow. Are you getting matching contribution from your employer?

  4. SingleGuyMoney // August 14, 2007 at 8:41 PM  

    Rocky - Yes, I am getting a match. I have to put in at least 5% to get the 3% match. I have always made sure to put in at least 5% to make sure I do not lose any free money.