Layout:
Home > Lucky Investing

Lucky Investing

September 28th, 2010 at 05:46 pm

Last year I found out that my employer was taking money out of my paycheck and sending it to a DCP when I worked over summers. I gained access to my account, and I moved all my money into the fund with the best performance that I could see. There was only a couple hundred dollars in the account so I didn't take it very seriously. Well, luckily for me, that fund was a Fidelity Income fund and was entirely invested in government bonds! In this economy I have made a 7% return on my investment!

Well now that I know a lot more and with my knowledge of the impending bond bubble burst, I just rebalanced my portfolio to only have 10% in bonds. I changed to a different fund with a lower expense ratio also. Hopefully I have played my cards right and in 2-3 years when I graduate and roll over that account, hopefully I will have seen decent growth. In the mean time, I'm using this fund as a testing ground for my own investing strategy (the rest of our retirement is invested according to my financial planner/brother's recommendations).

3 Responses to “Lucky Investing”

  1. creditcardfree Says:
    1285692626

    Nice job!! If we could just always get at least 7%. Hopefully, that time will come again.

  2. Broken Arrow Says:
    1285692901

    Sounds good! Congrats!

  3. Jerry Says:
    1285975118

    Nice work, there! It is nice to have the insurance of some money that you didn't know was there to work for you in this instance. I hope it leads to a tidy sum at graduation time!
    Jerry

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]