Yesterday I received my 401k 1st quarter statement in the mail. I also received a notice of my account re-balance that happened on the 15th of April. I have my account automatically re-balance every three months so it always happens just after the end of each quarter. I first opened my Q1 statement and saw that my balance had grown to $113k! That's a 5.44% increase in Q1! I think that's pretty healthy for this economy. Remember my last update in January where my balance was around $106k. I was pretty stoked with that balance. Keep going little 401k!
Then I opened the re-balancing statement. Just 15 days later (from 3/31 to 4/15) my balance went up to $117k! Another $4k increase! That is so cool! And in my January post I gave myself a "goal" of reaching $150k by the end of the year. I'll keep contributing myself and I'll have to hope the economy and my allocations get me the rest of the way there. So far, this year I've gained $11k (from $106k to $117k). In the first quarter I gained $7k (from $106k to $113k). If I gain $7k in each of the next three quarters I'll gain another $21k. Add that to $113k and I'd be at $135k. That's close to $150k but not quite there. Let's hope the economy picks up even a little bit more so I can reach that $150k goal!
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