Thursday, October 2, 2008

Sad September Slump

Well…. I knew I’d be starting October back in the four digit red, but it wasn’t fun seeing my lowest net worth yet: -$1,730. Basically my ROTH IRA portfolio has a grand one year return of: -25.9%.

Oouch!

However, I can’t control that, so I’m moving on to other brighter aspects of my financial picture. It was nice to see where things did progress, and I increased my savings in the following accounts:

2008 Roth IRA 3K went from 58.4% to 58.7%
15K New Car Fund went from 24.1% to 24.3%
14 K Emergency Fund went from 18.7% to 18.8%
100K Home DP Fund went from 11.6% to 11.7%

I also reduced my student loan balance by $30 even after accounting for the interest I paid. We were also fairly smart with money this month, and were generally under budget as a couple.

So I made progress in the areas of finance I directly control, I just need to remember that this slump is just a slump. The larger economy will turn around, but until then I think I better be ready for a few more months in the four digit red.

1 comment:

Trevor said...

Can I just say... I FEEL YOUR PAIN! :) I only started investing about a year and a half ago, and my Roth IRA is down 30%!

Hmmm... maybe I'm invested in the wrong stuff?!

Talk about bad timing!

Hey- by the way, great blog. I like your stuff. I'll be coming back.