Another drop in my net worth this month. Down 0.69%. I suppose that’s not a huge drop, but it’s movement in the wrong direction. I look at the numbers and just shrug. There’s not a lot I could do about it. The loss is mostly due to the downward movement in the market. In terms of cash accounts, the decrease was very small, and the fact that I already paid my state taxes but haven’t received my federal income tax return was part of the reason I wasn’t in the black. So I can take faith in the fact that my spending is under control.
It is interesting to see the variety in how my investments are playing out. Two of my mutual funds dropped by a small percentage, but one plummeted by almost 3%! My TSP (Thrift Savings Plan – the government version of the 401(k)) is doing ok. My Roth IRA is still down over $400 since I opened it last fall. I should start putting money into that while the market is down.
On the other hand, the six shares of Yahoo that I’ve had since the late 90’s did quite well this month, with all the talk of a buy-out. Those are the only individual shares of stock I own. Years ago, I had a Geocities website, and when they went public, a number of us got 10 shares of Geocities stock. They were bought out by Yahoo, and I ended up with 6 shares of Yahoo stock as well as a check for what I believe was about $300. Since then, I’ve just let the stock play. I got it for free, and I’ve already gotten $300 from it. For now, I’m just letting it ride.
One of my 2008 goals is to increase my net worth by 20%. So far for 2008, my net worth has dropped 2.65%. I still think it’s possible to come back from that though. I’ll just keep plugging along.
Megan is a 30-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.
