During our conversation yesterday, DH and I discussed the mutual fund. He's kind of nervous about it, because we keep buying shares but its value doesn't seem to go up. (It's value has gone up in other years.) I haven't been following it that closely, but it is a Vanguard retirement fund. Isn't the market kind of in a slump? I know I opened up my 401-K statement recently - the stock funds were down and the bond funds were up.
Anyone have any suggestions for what to say to calm DH down about this topic? The next "good" time I'm going to discuss increasing the amount we are putting into the mutual fund.
Mutual Fund Jitters
April 22nd, 2008 at 03:53 am
April 22nd, 2008 at 04:11 am 1208837505
April 22nd, 2008 at 04:28 am 1208838499
April 22nd, 2008 at 05:52 am 1208843533
Equities are very volatile right now. I've lost a bit of money in my Vanguard funds this last quarter. Also remember that they are paper losses - you still own the same number of shares, comprised of the same companies which will be doing the same business in our capitalist society. Unless you are going to sell right now, it shouldn't make a difference...but it is unnerving.
April 22nd, 2008 at 11:42 am 1208864525
Sounds like you and your husband are having better talks over the last few days. How do you eat an elephant? One bite at a time.
April 22nd, 2008 at 12:19 pm 1208866795
Merch - I appreciate your continued optimism. I haven't thought about the elephant saying in a long time - it gave me smile.
April 22nd, 2008 at 03:59 pm 1208879963
Baselle touched the other point, which is that, until you actually SELL, the losses-- as well as the gains!-- are all on paper only.
April 23rd, 2008 at 12:36 am 1208910986
April 23rd, 2008 at 01:19 am 1208913575