surprising reaction
I gave in to temptation and looked at my balance over the weekend. My IRA is down 27% because of the bear market. That’s over a quarter. That’s almost a third. My initial reaction was anger.
And then, surprisingly, I was calm.
I just finished increasing my Emergency Fund to another landmark. So now that that task its done, I am inspired by my IRA balance to start contributing again. I had stopped contributing because I had met the minimum amount necessary to get the money out of a money market fund and into a mutual fund. I then turned my attention to working on the Emergency Fund, but now I’m done with that for now. I need to get back to building my IRA. I am nowhere near this year’s contribution limit, anyway. Now I haven’t given up the idea of continuing to increase the My Own Home fund. But with my Emergency Fund task completed for now, I feel more comfortable with splitting up my non-expense money between both goals of savings and retirement. The thought of buying more shares while I still can and the getting is cheaper has been nagging me for at least a week now. I’m going to do it!
It’s gonna be alright. I’m going to own more shares. I’m going to have more savings. I’m going to get a job. I’m going to get a home of my own, which is a retirement goal in and of itself. And Everything Is Going To Be Alright.
