My 401k and Investment Summary

Posted by Mrs Money on March 19th, 2008




This morning I logged in to check my 401k performance, and I braced myself for the worst.  I knew that I had lost money, but I wasn’t exactly sure of how much.  Right now my portfolio is down 22.9%. Needless to say I am a little bummed.  I am looking at this as a learning experience.  I am still young, but going forward I am going to make sure that I have money for retirement set aside not only in my 401k, but also in a CD or money market account as well.

Currently I contribute 6% of my pay to my 401k automatically each month because my employer matches $1.15 per dollar I put in, up to 6%.  It would be crazy if I didn’t do it, because that is free money.  The reason I have so much company stock is because when they match, they put it all into company stock.  Right now I wish I didn’t have that much company stock.  The reason I chose to put so much into the Franklin Templeton Foreign Equity is because it was doing so well historically.  It is currently performing second to worst.

As soon as things get better with the stock market, I plan on selling some of my company stock.  Hopefully I won’t lose a lot of money but who knows what the future brings.  I’ll update next month on the current performance then.  Hopefully I’ll be out of the red!

Related Posts Plugin for WordPress, Blogger...FacebooktwitterrssinstagramFacebooktwitterrssinstagram

If you enjoyed this post, make sure you
Subscribe to my RSS feed!

4 Responses to “My 401k and Investment Summary”

  1. Good post – brutally honest. It has been a tough market – but if you don’t sell you don’t lock in your losses. Eventually it should all come back.



  1. Job Hunting with, | The Ultimate Money Blog 14 04 08
  2. April 401k, ROTH IRA and Investment Summary | The Ultimate Money Blog 19 04 08
  3. 401K Company Matching with Stock- Should I sell? | The Ultimate Money Blog 20 08 08

Leave a Reply

  • About

    Welcome! I'm Mrs. Money and I lead a frugal, simple, and debt free life on a modest income. I make money online to help support our family. I believe in saving money, living green, and enjoying life!

  • Find Us on Facebook!

  • Instagram Feed

  • Categories

  • Archives