Saturday, February 18, 2006

Quick Review of 2006

Taking a look at the transactions I made in 2006, it doesn't look too pretty. The one that hurts the most was the purchase of the Fidelity Smaller Company Japan Fund (FJSCX). I purchased this fund for my Roth IRA in January near the peak and so far I'm down 15.78%. Fortunately it makes up only a tiny percentage of my total retirement portfolio. I believe we're still in the early stages of a Japanese economic recovery so I'm not worried about this correction. My other trades this year were the purchase of some more of the Fidelity Contra Fund (FCNTX) and Amgen (AMGN). The Fidelity Contra Fund and AMGEN are both up slightly so far. I'll limit my stock purchases this year since I need to start building cash for the condo down payment. I'll probably start reducing my 401K contribution and just contribute enough to recieve the entire company match. I still have plenty of time to raise the cash so no worries yet...

Here's the chart of the Fidelity Smaller Company Japan Fund; not pretty at all...



I just finished my sis, my parents and my own tax returns! A big load is off my shoulders. It's never fun to do taxes even with the help of a tax program. This year I had the opportunity to try Tax Cut and Turbo Tax. Turbo Tax is just so straight forward and much easier to use compared to Tax Cut. Turbo Tax wins!

2 Comments:

At February 22, 2006, Anonymous nyc money said...

yeah japan disappointed me as well

 
At September 11, 2006, Anonymous Anonymous said...

Funny. I'm in the same boat. I also bought FJSCX for my Roth IRA in January. What a shocker, huh?! I wonder how many others also added FJSCX for their 2006 IRA contribution in Jan? The main problem with this fund, of course, was with Livedoor's bankruptcy in the first quarter. I believe Liverdoor was in FJSCX's top 5 holdings at the time.

 

Post a Comment

<< Home