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	<title>John Yerhot - Weblog &#187; money</title>
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		<title>The Markets</title>
		<link>http://www.johnyerhot.com/2008/01/23/the-markets/</link>
		<comments>http://www.johnyerhot.com/2008/01/23/the-markets/#comments</comments>
		<pubDate>Wed, 23 Jan 2008 14:31:55 +0000</pubDate>
		<dc:creator>John</dc:creator>
				<category><![CDATA[money]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[403(b)]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[retirement]]></category>

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		<description><![CDATA[Since I started my nice cushy &#8220;high paying&#8221; job, Jen and I have been putting quite a bit of money away (in preparation for the move and for a rainy day) and paying down our debt.Â  We&#8217;ve got some moola stored away in a ingdirect savings account thats collecting a nice 4.1% interest rate, but [...]]]></description>
			<content:encoded><![CDATA[<p>Since I started my nice cushy &#8220;high paying&#8221; job, Jen and I have been putting quite a bit of money away (in preparation for the move and for a rainy day) and paying down our debt.Â  We&#8217;ve got some moola stored away in a <a href="http://www.ingdirect.com">ingdirect</a> savings account thats collecting a nice 4.1% interest rate, but I&#8217;ve been toying with the idea of playing the stocks.</p>
<p>A couple of months ago I opened a dummy portfolio at <a href="http://money.cnn.com">money.cnn.com</a> using their &#8216;live portfolio&#8217; do hickey.Â  I&#8217;ve got next to zero experience with the markets.Â  Our 403(b) is invested in the Vangaurd S&amp;P 500 Index fund(hey can&#8217;t argue with 11% historic returns), but thats about it.Â  My state pension I really have no control over.Â  Thats the extent of our investments. Â  So I opened that dummy account to see what I could do.</p>
<p>Well, the first two weeks were great.Â  Made about 10% with my mostly tech stock portfolio.Â  The last two weeks, I&#8217;ve lost all that 10% and then another 10.Â  So I&#8217;m down right now.Â  Kind of glad it is fake money at this point, but I think this summer, when I&#8217;m hoping the market bottoms out, I&#8217;ll be ready to actually drop a couple grand on a real portfolio and get some good stocks for cheap.</p>
<p>I must admit I&#8217;m learning a ton.Â  I&#8217;ve actually begun watching CNBC in the moring before work, bought Jim Cramer&#8217;s <a href="http://www.amazon.com/Jim-Cramers-Real-Money-Investing/dp/0743224892">new book</a>, and check the portfolio about 3-4 times a day.Â  Its fun if anything.</p>
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