Last week I received my 401k statement for the 2007 year. I have only been able to contribute to my 401k since October so there isn't much money in there but I think it important for me to see how the funds I've been putting into have been doing.
According to my statement, my year portfolio rate of return was 7.38%. I am very pleased with this considering my first contribution went into the fund in October 3rd. If this rate was annualized it would be over 28%. I have picked some good funds to place my money into.
One fund lost me money. Since I've had my account open I have lost $2.97 in Accumulative Fund. Recently, I quit contributing money into this fund and chose Dividend Income Fund to contribute to instead. Hopefully this pans out good in 2008.
My best performing fund was Energy Fund. I earned $21.24 in this fund in the past 3 months. In Asset Strategy Fund I earned $18.16 over the same period. I will continue to contribute to these two funds in 2008.
This statement is for end date December 31st. So far January has been a bad month for the market. I haven't checked into how this has affected my funds but I'm sure they are not doing to well. However, I am 25 years old. This money will not be used for another 35 to 40 years and I am not too worried about one bad month. Hopefully the markets can turn it around the rest of the year and my statement for next year will give me a good positive return.