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Gulp! My Wife’s 401(k) is Down 39% Year-to-Date!
By JLP | October 10, 2008
Just for the heck of it, I checked the balance of my wife’s 401(k) this morning. According to Fidelity, our “personal rate of return” for 2008 is -39.4%!
Fidelity has this to say about their “personal rate of return” calculation:
Your Personal Rate of Return is calculated with a time-weighted formula, widely used by financial analysts to calculate investment earnings. It reflects the result of your investment selections as well as any activity in the plan account(s) shown. There are other Personal Rate of Return formulas used that may yield different results. Remember that past performance is no guarantee of future results.
Am I worried? NOPE! Am I disheartened? Maybe a little. However, all this makes me want to buy more so that I can take advantage of this gigantic sale that’s going on right now. For a long-term investor, that’s exactly what this is: A GIGANTIC SALE!
Topics: Investing |
