I think that hurt.
So the stock market tanked today and, accordingly, my 401(k) felt some small amount of pain.
Balance on market close yesterday: $106,818.40
Balance on market close today: $102,976.52
Net loss in one eight hour period: $3,841.88
That stings just a little! At least I didn't lose more than I and $EMPLOYER put into the fund since the beginning of the year, so from where I stand I'm still coming out ahead. If I'm lucky I'll be able to cash in on these depressed prices when my next contribution for the fund goes through.
Balance on market close yesterday: $106,818.40
Balance on market close today: $102,976.52
Net loss in one eight hour period: $3,841.88
That stings just a little! At least I didn't lose more than I and $EMPLOYER put into the fund since the beginning of the year, so from where I stand I'm still coming out ahead. If I'm lucky I'll be able to cash in on these depressed prices when my next contribution for the fund goes through.