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May 30, 2006
Portfolio Update
I vaguely remembered this morning that I was supposed to be keeping up with the portfolio status for everyone. The market is on a tear as everyone knows. My weekly percentages are staying relatively stable given the overall weakness in the market. I'm still not seeing the relatively large upward swing that Fidelity and every Republican with a dream of stealing my future has promised. It's trending upward, but not significantly enough to matter. I've redone some of the numbers on my 401k projects with this kind of growth rate going forward and I consider that to be remote if the Republican remain in power in this country. I'd like to see some double digit growth and that can never happen under the current regime.
Anyway given this currently level of growth (around 3.5%) and assuming that I get certain level of pay increases, it's still only looking like I'm going to get about 1.5 million in the bank if I work until I'm 70. And considering I can get 4.15% in a savings account right now (which would give me 1.8 million), I'm not seeing the advantages of the 401k system at all, other than it fills the pockets of greedy Fidelity executives. I'm so disgusted with the entire system so much, I'm just going to keep ignoring it.
This Weeks Actual Percentage: +3.212%
Last Weeks Actual Percentage: +3.702%
Best weekly percentage: +7.437%
Personal Rate of Return according to Fidelity for This Week: 3.6% (0.7% YTD)
Personal Rate of Return according to Fidelity Last Week: 4.2% (1.3% YTD)
Current Asset Allocation:
23.74% Stock
74.71% Bond
01.55% Savings
Posted by Jamison at May 30, 2006 2:57 PM
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