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Have You Looked Yet?

June 30th, 2008 at 04:37 pm

If you're like me and check your mutual fund balances only on the last day of the month ... today is the day ... have you looked yet?

I just checked mine ... a 4.4% drop compared to end-May.

Oh well ... My grandpa told me that his father (my great-grandfather) told him that the price of a stock only matters when it is time to sell. And for those of you doing the math, yes, those words came from a man who was buying stock back in a day when very few people did, long before mutual funds. I will heed the words of my ancestor and not sweat it.

P.S. - I'll tell you what I AM sweating, tho. The 4.75% locked rate on my Wachovia MMA expires on Wednesday. I will miss it dearly. They're offering a 7-mo CD at 4.00% APY. I may go for that. They also have a 12-mo CD at 4.25% APY. (Both have a $5K min)

4 Responses to “Have You Looked Yet?”

  1. creditcardfree Says:

    No. I haven't looked. Well, at least I've been warned. I really should check my balances because I do write them down from time to time.

  2. Broken Arrow Says:

    Heh. I look at my balance fairly frequently, and yeah, the past month hasn't been pretty at all.

    I feel exactly the same way as your... great-grandfather? With a long term horizon, value investing (buying in right now) actually makes a ton of sense. My 401k is set passively for the long term. The Roth is short-term, but that's to satiate my current desire for stock trading.

  3. merch Says:

    More specifically, the last week was brutal.

    As the saying goes, "When there is fear in the street, get greedy."

  4. Ima saver Says:

    I know how you feel. I had a 5.5% c.d. expire in May and it rolled over into a 3.6%

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