A brutal start to 2008. We eked out a positive gain of $224.24 only because the market had a couple of positive days at the end of the month. In order to reach our 2008 net worth goal, we’ll now need to average a gain of $3,000/month for the rest of the year. A tall order considering we only averaged a gain of $2,171/month in 2007.
In the long run, the drop in stock prices should be a good thing for us, and we’re trying to take advantage by buying while prices are low. We deposited the final $650 to max the wife’s Roth IRA for 2007 and now we’ll start adding the additional amounts to max it for 2008.
This is going to be a challenge…