Introduction
It is my personal finance research. I found out today that my biggest mistake is not to work on my 401K from 2007 to 2019, and then my asset still is around $6,200 us dollar. Originally I invested $8000 us dollars. I like to figure out the deepest part is that the feeling of laidoff, the painful experience. I should have embraced much early and be happy to work with those 401K with Par tech 401 K plan with Charles Schwab. I will not have any employer who will provide such great platform for me to grow my 401K plan. Although I wasted last 12 years and I did not make any profit compared to my original investment. I did not trade anything from 2010 to 2019 March.
Reasons
I do not know psychology investment too much. I just learned this year. I may have loss aversion, and I remembered the pain of loss of $3000 and I took the loss and sold all funds to keep in money market in 2008.
I also can relate to the difficult time to start full time job again in the city of Vancouver. I also think that my lack of research of personal finance. My motivation to build wealth and grow rich is too weak to tell.
I was struggled to from 2008 to 2010 to get residentship from Canada, I filed the appeal for leave. I got $30,000 home equity line debt from 2009.
A check list
I need to make a check list for annual checkup. Also I need to spend at least 10 hours to review those $6,000 dollar asset.
The rebalance is free and transfer is free. There is no limit to rebalance. All those features will be charged in non-401K account Ameritrade.com. I chatted with Ameritrade.com, mutual fund is $45.00 dollar and stock is less than $7.00 dollars. This is the first and only chat I have from 2007 to 2019, and it is in March 2019.
I learn that the platform 401K is such great tool, and I have to keep the balance above $5,000 dollars.
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