Happy 401k Friday!
Certainly can’t complain about the markets’ performance yesterday. My 401k balance went up $1078.72! Woo-hoo!
That is the second most on record for a single day not including days when a monthly contribution was applied.
It still wasn’t enough for me to reach a new all-time high — $68283.84 back on May 19 — but it’s put me back within striking distance.
As of this morning, the balance sits at $68173.03 — which is up nearly $5k since the start of the year.
That feels pretty nice considering this is a sum growing on its own from money that I never even see.
At the same time, when I do the actual math (adding up my contributions so far this year), I realize that technically I’m almost throwing money away.
At best, I’m breaking even — it’s close, but as long as the balance continues to increase, I’m not going to let it bother me.
Hey, if the balance is still rising at a pace of $10k per year in a down market, well, I consider that a pretty good thing.
I like to think, for 2008, that I’m stock piling when things are on sale… And I really look forward to the recovery because I think this strategy will pay off *very* handsomely…
