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Monday, October 20, 2008

VFINX



This chart shows the S&P 500 for my working career from late 1993 to now. I've been putting money in VFINX, which is a mutual fund that tracks this index as long as I've been earning it.

It's been a rough ride recently and I didn't even bother to open the last statement from Vanguard and it is even worse now since the statement was from the end of September.

I do feel for those who are getting ready to retire now, but for those of us with 30 years to go, it's an opportunity to buy low (and maybe even lower as it all pans out). I'm going to try to worry about something else now.

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