Friday, January 18, 2008

Our Mutual Fund...

...has lost $650 over this past month. Yikes. I'm wondering, though, if I should put some more money in it. We'd get a lot more "bang for our buck" right now, no? And then we can just let it sit for a while longer, until things look up...

3 comments:

miranda said...

eewww...as long as your fund itself doesn't go negative, and your risk tolerance can handle you riding it out...

Science Teacher Mommy said...

Is this a long term savings fund? Like money that will eventually go into a 401K? If not, we do a more short term savings on-line with IngDirect. Our rate fluctuates between 4 1/2 and 5 1/2 % depending on rates, etc. Just for a savings account that is good.

Doreen said...

It's more long term. We started it 2.5 years ago, and knew it was going to be heavily dependent on the stock market. We figured that if it was in a good place upon Dave's graduation, we'd close the account and use the money toward purchasing a home or furniture or whatever. At the same time, we knew that if the stock market was bad, we'd just leave it alone and wait. Which seems to be our approach right now. :p We have a separate savings account that we keep most of our savings in, we get about 4.75% on it. It's a normal savings account where the money is easily accessible and doesn't depend on what the stock market is up to. Now, that sounds like we have a lot of money, which we really don't, lol. But it's at least a little bit to give us a start when we graduate.