Sunday, October 26, 2008

Roth Woes...I wish I could buy now...

I'm kind of sad i'm not purchasing anymore money in my Roth for the year. Shares are worth 7.85 as of fridays closing and I purchased some of them for $12.00-$13.00 when I first opened the account. (almost half the price.)
Honestly, part of me still wants to contribute some more cash for 2008--- but i'm not sure how much it will cost me to "buy back" some of my old CAL time (and that's an investment I can't afford not to do now--- since it will cost me somewhere in the ball park of 900-1500 to buy a year... instead of 5,000 + to buy a new un worked year-- I can't pass that up.)
Either way, my entire portfolio (minus cal PERS) is down 20%. It's hitting around $7400.00 (Roth Ira Cd, Roth Ira mutual funds, and the money in my old work account.)
I won't be able to do anything now. Extra money is going toward the plane ticket and the ALZ walk (if it's still on... there was a rumor going around that the team I joined has dissolved basically.) after that, i'm stock piling cash for the buy back... Depending on how much that costs... I may through in some more money and possible max the thing out-- only $600.00 more to max it out since I took $1,000 and opened a seperate Roth IRA CD.
Who knows... I may be able to use the 1036.00 I have in my old account to fund my buy back... and that would be just swimmingly grand. I'm still waiting for my perspectives to come in the mail so I can make new choices with what to do with the money. Apparently it's just been sitting there earning 1%. (that's just sad... poor money... not really earning anything.)

3 comments:

  1. I'm down 20% too in my 401K. Its sad everytime I look at my account. Even though I put money in it on a bi-monthly cycle, its still dropping. At least we're both young and can wait for the market to correct itself.

    ReplyDelete
  2. I tagged you on my blog: www.nasagreen.blogspot.com

    ReplyDelete
  3. yeah it is frustrating to watch stocks get so low and not have any money to buy more... i'm in the same boat at the moment. although i'm thinking maybe i can scrounge up a few hundred dollars to throw in. not much, but better than nothing.

    ReplyDelete