According to the statement I received in the mail, my 401(k) investments returned a healthy 6.56% return (not annualized) over the second quarter. For the year so far, that’s 10.31%.
I’m pretty happy with these results considering I changed my contribution instructions to be a little more conservative a few months ago as the stock market was hitting highs. Well, perhaps changing the allocations was a bit premature as the market is still doing well. I should probably learn my lesson and just stay invested aggressively. I’m in for the long term, so corrections over the next few years shouldn’t bother me.
Perhaps my return would have been higher if I didn’t change my contribution instructions.
Updated September 28, 2007 and originally published July 17, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.