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401K balance

August 16th, 2007 at 04:52 pm

Like everyone is mentioning, the balance of my 401K is down, down, down....

The balance reached 6 figures a couple of month ago, and it's back to 5 figures again.

I'm not worried, though. I have about 20 years to catch up LOL

Actually, I am thinking about increasing my contribution while market is down.

One reason my 401K return has been good is I contributed a good portion of my salary around 2001 when market was really bad.

I didn't plan it that way. It was totally a serendipity kind of thing, but it worked out.

We tend to forget "Buy low, sell high." Maybe I should start looking for good stocks to buy.

1 Responses to “401K balance”

  1. Broken Arrow Says:

    You're absolutely right to want to increase your contributions at a down market! It's going to be a buyer's market soon (if it's not already).

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