March 2 2020 Par 401 K market change

March 2, 2020

It is time for me to record market change on this day.

Actionable items

I had this 401 K account since I worked for par tech in 2007. My original deposit is $8000 dollars. I made mistake to time the market, and sold all assets in 2009 and put them in money market.

I never spent any time to review and learn something from 2009 to 2019. I noticed one time the market change was up 40% in 2010 when I started to work on my current job.

I didn't know why I made such bad choice, and I had such bad decision making, bad economy behaviors. Even though those are common mistakes, I learn that it is my job as an adult, learn every day about business. I should learn finance literacy by myself.

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.