Introduction
It is my personal finance research. I like to learn and look into my 401 K management lesson on par tech 401 K fund.
Case study
I did study my par tech 401 K. I invested $8,000 dollars into my 401 K from 2006 to 2007.
I like to put some facts in the following:
1. mutual funds holding from 2006 to 2008.
2. 2008 loss screenshot
3. 2009 to 2019 money market fund
I like to analyze how many mistakes I made as an investor, what common mistakes I made as a naive investor from 2007 to 2019. What can I do in order to improve myself as a problem solver? What was my thinking process? How many big mistakes I made through those 12 years.
1. Buy high sell low in 2008.
2. I should get back to those funds when market comes back. I should follow S & P index.
3. I should not put money market fund in 2009.
4. I should spend time to rebalance, and at least learn how many funds available.
5. I should spend time to chat and look into how to grow those investment. I can grow those $8,000 dollars into $30,000 dollars using Par tech 401 K plan by choosing TRBCX or FXAIX from 2010.
Ideas to work on
If I learn how to invest in the equity market, those fund from 2010 to 2019 can be tripled in TRBCX fund.
Laidoff in 2007 turns into such great experience for me in my life. If I can handle the 401 K properly and I stayed in the course on equity funds in 2008, then I will let those fund grow to $20,000 dollars.
I should spend at least one hour every week to learn Schwab Charles 401 K website, and also learn all investment funds available starting from 2008.
I should learn personal finance since I have 401 K fund with value over $6,000 starting from 2007.
Good finance habits
I should spend time to learn my 401 K fund by studying the website, chat with the representative online, and also study the learning center from the website.
I should study all available funds and then try out different funds from 2007 to 2019. I am so ashamed that I do not have any transaction from 2009 to 2019.
Ten years blank history as an investor. I am so ashamed that I do not learn and also practice as an investor.
Follow up
Dec 20, 2019
It is hard to read this case study. I just could not believe that life is so tough for me to accept myself as a learner. It is tough road for me to be a Canadian citizen.
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