Monday, December 24, 2018

Case study: My par 401K plan

Dec. 24, 2018

Introduction


It is time for me to spend at least 10 hours a year to study stock market and come out a plan how to catch up the game to play with time.

Case study


I like to push myself to work on blogs on personal finance. One thing I can do is to study my 401 K with par technology. I was so busy over last 10 years, but I let 10 years skipped and did not do right thing. I did wrong thing at wrong time, I bought high and sold low.

2006 and 2007 performance

Originally I put maximum 15% of my salary, $8,000 us dollar into plan.



2008 performance


2018 performance


Actionable item


I can give myself excuse. I work on my sponsor application and immigration project, but I have to take my personal finance seriously.

I need to learn how to build money community around myself. I need to learn to build wealth. I do not have any one to talk to or discuss since I came to Canada.


How to be a good project manager? 


I need to learn how to manage $8000 dollar very well over 10 years. Instead I spent a lot of time in Canada on USA shopping in the city of Bellingham. I totally ignored the responsibility I have to manage the account.


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