Tuesday, September 14, 2010

Over $80k in my 401k!

I'd like to thank myself for reaching this milestone (it's a milestone to me). I managed to accomplish this by going 66% cash in March 2008 (after Bear Stearns). After sitting in a money market getting 3%, I moved 90% of my cash into my 401k's brokerage account and re-entered the market in March 2009 (Thanks to the guys at DailyWealth - Dr. Coppper said it was time to buy!)

Since that time, my picks - mostly US Large Caps with good dividends (KO, MCD, PEP, MO, etc), a mix of energy stocks with a focus on natural gas and pipelines (TYG, PBT, NAT), and some REITs (O, NLY) - managed to acheive a nice year to date return of 16.11% while the best Principal fund - ironically, the real estate fund due to its heavy weighting of banks - has managed to only acheive 6.64% YTD. In fact, most of the other Principal funds have negative returns - including the US Large Cap! I guess I picked better companies than they did...

The S&P 500 is basically flat with a 0.71% yield to date.

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