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Reply to "Can't bring myself to check my 401K"
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[quote=Anonymous][quote=Anonymous]I find it somewhat helps if you look at your overall growth over the past 5-10 years and also look at total net assets not just equities. I think we’ve lost about 15% of total net assets just in this dive but we are still ahead of where we were a couple of years ago. Of course if it keeps gojng this way it won’t be true and I’m not as confident in the rebound this time but I guess we’ll see. I’m so cautious that I never really considered any of that money as “mine”—I always discounted out net worth by at least 20% mentally, figuring that at least some of it is bubble. [/quote] Love the discounting idea. Finally checked today and was pleasantly surprised to see we were only down 2% YTD, up 17% over past 365 days. I checked what is on my mutual funds and saw I am still way overweighted on US tech stocks, so I trimmed that some more. Still looking for where to reinvest. I think US is hosed for quite a while. Moved kid’s college $ to very secure account that is for kids starting college. Tempted by gold and Euro defense but worried about buying near highs. [/quote]
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