You may or may not believe me, but even though I blog daily about money I only check my investment portfolio balances every few weeks. It’s part of my selective information restriction diet. I found it curious that the S&P 500 is now at ~1350. This reminded me of this earlier WSJ article about how long-term savers actually haven’t done all that poorly over the last decide. Their example is a young worker starting investing in 2000, investing regularly, and taking advantage of the 401(k) match from their employer amongst other stated assumptions:
Since the article was published, the S&P 500 is up nearly another 8%. Of course, if you invested in bonds for that decade you’d be even better off, but seriously who was 100% bonds the entire time. I know I wasn’t, but I was invested in some bonds, so I get some comfort that my personal return is a bit better. I’m relatively at peace with my investments, other than being a bit nervous after seeing the S&P so high without any proof of improved economic stability.
By Jonathan Ping | Investing | 6/1/11, 5:30am