Monday, October 13, 2008


I'm meeting with a financial adviser today. I want to setup an asset allocation rather than just this random conglomeration of mutual funds.

Part of the prep work is to write out your financial portfolio. So today is the first time I've realized how much it has gone down in the past month. I think total I'm down about $35,000. If you take out taxes, medicare, and social security, that's probably about as much money as I'd make in an entire year.

So at this point I have to leave all that money in the market and wait for it to come back. That means my assets are essentially frozen for probably 5 years.

It makes you wonder about if I had put the money all into a savings account and waited to put it into the market till right now.

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