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Allocation Done

June 12th, 2009 at 05:04 pm

In late April I rolled over my 401k to an IRA. The 401k was with my previous employer, which was sold to another company. I decided that it was time to get out. Actually it was past time but I have been busy with other things.

The IRA is with a reputable company, and I rolled over all of the 401k into a money market fund. I knew that I wouldn't leave it there, but wanted to get the roll over done as quickly as possible.

May has come and gone - it's a tidal wave of activity for people with school-aged children, whose school ends in mid-June. I finally sat down today and moved the money from the money market into various mutual funds. There's nothing terribly exciting about that, except that it's off my task list.

In the process I decided that I ought to study investing a bit more. I know some basics. . . probably not as much as many people here, but more than the average American I'd guess.

In the fall Daisy's coming home for school. She was homeschooled prior to this year. One of the benefits of "away" school for her has been studying with other people. I decided that I'll do a little home school myself next fall. I'll take Latin with her*, I thought I'd review Algebra**, maybe read some history. . . and now I think I'll add investing to my coursework. . .

*Yes, she has studied Latin this year - she likes it and wants to continue. I know nothing, so I guess we'll both learn together. She likes the idea that she knows more than me.

** I am having way too much fun tutoring math.

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