I know, I know. You aren't supposed to check your retirement accounts ever. And you're especially not supposed to check your retirement accounts during an economic crisis and global pandemic. But guess what? Curiosity ALWAYS gets the best of me. I peeked. No, I'm kidding. I didn't just peek. I had a full on look. No, I'm kidding again. I went right in and looked into my holdings and saw what was going wrong and where. But can you blame me? You've seen my other content. You know what I do for my daily blogging! You gotta know that it is in my blood to be nosy with these types of things. Luckily for you guys I looked into my own portfolio so you don't need to look into yours. (Seriously, don't do it!)

So where are we with the 401k? Well, I'll be sure to include some screenshots to give you a good idea of how far we are from our peak. We were near $27,000 in this account before stuff started to slide. Now we're barely floating around $19,000 from day to day. That's a pretty big slide if you ask me. That's larger than any momentary value I've ever seen lost in any of my accounts, especially in such a short time frame. We're looking at losses nearing 30% for the year. 

So what do we do here? Do we give up and panic? Pull early and take the cash? Reallocate? No sir! We keep on trucking! No really, just hold steady and keep contributing like normal. I put in 6% of my paycheck and my employer then matches that as well. That's all I put in though. This is a pretty generous return on my initial capital so of course I am going to take advantage of the free money. Now that the funds within my 401k are suffering, their share price is much lower. So now I am getting a great opportunity to buy into these holdings at a lower price, bringing my average share price down. In the long run this will look great, even if it looks pretty sad right now with all the bleeding this portfolio is doing.

So let's just take a look at the most recent buys that went into this account from my last paychecks contribution. I'll just be using screenshots to illustrate this because I think they make more sense then some of the bullet points that I sometimes post.

You can see that I am getting more shares each time my contribution goes in because the price of the shares have done down. The amount I contribute hasn't changed, just the share price. This is exciting because we all know that the more shares we have, the more dividends we get back into the account from the funds distributions!

For those that are new to my 401k, I am investing into 3 difference funds. One is a Target Date fund for the year 2060, one is an S&P500 index, and the other is a Growth fund. Each has a unique selection of holdings in their background (I'm sure there is some overlap among them but I do not mind). Since I am young and have years to grow this account I believe these will treat me well. As I get older I will swap these funds out for more conservative funds, mostly filled with bonds.

Of course this all depends on what the market does end up doing in the long run. Who knows, you may see me switching to bonds sooner rather than later. Keep up to date to see what exactly happen!

As always, thank you for following along and if you have any comment, concerns, or even questions please share them in the comment section!