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Reply to "Checked 401K today after not looking in 3 months"
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[quote=Anonymous]2007 DH and I were 30/31. We had been investing since law school and put almost all of our excess cash in a brokerage account. On the worst day after 5 year of saving we were approximately $250k less than we had put in. Our annualized return was in the negative upper 20 percents. I nearly panicked and sold it all but a significantly older and wiser colleague persuaded me not to by literally calling her broker in front of me and buying $50k of McDonald’s stock and $50K stock of Home Depot stock. She told me rightfully so nothing had in fact changed to those companies or their fundamentals. She was so right. FYI, if you started investing in 2002 you had less than you put in until 2011. 9 years to get to zero growth. FYI, this time around I have in the last quarter put and extra $500k into stocks beyond what was automatically being contributed. If it stays flat I’ll continue this pace of acquisitions. If it goes down I will increase it. [/quote]
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