I’m a little late with this post this month, and no, it’s not because I was too scared to see the results in writing this month (ok, maybe a little scared…)
September was a wild ride for the markets as a whole, and since my portfolio is almost completely invested in stocks I felt that pain this month. Despite what the numbers say now, I’m actually very happy with how the month turned out. I gained in my 401(k) only because I’m new to my job and the portion of my contributions that didn’t evaporate was enough to increase my still tiny balance. I’m very happy with how much I was able to save in September. I increased the value of my cash savings account by almost 4.5% but also withdrew from this account to contribute to my Roth IRA and stock up on some of my holdings at fire-sale prices on a few of the market’s worst days this month.
Roth IRA: $13,900 (-3.97%)
Traditional/Rollover IRA $7,055 (-7.48%)
401(k): $270 (+40.63%)
Cash Savings/Emergency: $5,100 (+4.4%)
Total Portfolio Value: $26,325 (-3.14%)
It was a rough month, but as long as I stay focused on my long-term goals I’m confident it’ll all work out in the end. Hopefully next month’s check in yields a prettier picture!