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No longer going to look at the stock market

October 4th, 2008 at 05:22 am

Its too stressful and the IMF and other reports are very "doom and gloom"

So despite the losses yesterday, DH still has $16K in his TSP. And over the next year I'll slowly put that back in with $1300 deposits instead of just throwing it back in the pot all at once. Which on the bright side... if I had never moved the money out of the account - I'd only have $15K in there now.

I opened a money market account yesterday on the advice of the financial planner. Right now its generating a 5% return so it is doing much better than our savings account.

We also neutered the dog yesterday and it was $31.20 under budget so I'm thinking I'll put that towards paying down the GTI.

Posted in Uncategorized | 5 Comments »

5 Responses to “No longer going to look at the stock market”

  1. Broken Arrow Says:
    October 4th, 2008 at 06:18 am

    That's good. It's best not to look at it right now. I'm taking a break from it for a few days myself.

    Is the money market a mutual fund or a bank savings? If it's mutual fund, may I ask what ticker is?

  2. mech Says:
    October 4th, 2008 at 07:39 pm

    Make sure you know what the MMF is invested in. You don't want commercial paper written on SIVs.

  3. AmbitiousSaver Says:
    October 5th, 2008 at 05:49 am

    How would I know if its in SIVs? The ticker is USAXX

  4. merch Says:
    October 6th, 2008 at 05:22 am

    I would look at the prospectus. I think the USAXX fund is safe. It's the MMF with a return around 4-5 % you really need to be worried about.

  5. AmbitiousSaver Says:
    October 7th, 2008 at 05:57 am

    That is the USAXX fund, grant it the advisor did say the rate will likely go down to 2-3% sometime soon

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