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Thursday, January 10, 2008

I am loosing big bucks in mutual funds

If it wasn't for my good nerves, I will be in a major depression right now lol

The units of my super mega fund, the RBC O'Shaughnessy Canadian Equity Fund had past from about 22$ to 16.20$. Even during the crisis regarding the credit thing, that fund wasn't doing so bad. It's just recently that things had been rough, that I begin to loss the money that I initialy invest.

I barely look at my other funds, but I know I might had lost a couple of hundreds of dollars. I just pray thing will get better. And in the meantime, I don't touch to the money, it's the best thing to do I believe for now. My situation is not that bad knowing that I invest that money for a long time basis. And I have like about more than 10 000$ put in save regular saving bank account. So let's say that things could be worst than what they are now.

So I won't calculate for now how much I have for now in mutual funds because I know I might have lost a lot. And it's terrible knowing how hard I work for that money. The situation is very terrible for me. And like if that wouldn't be enough, I only work 9 hours at my second job this week. So plus the bad news regarding my investment, I also have a bad news at my second job, lack of work. I am looking for something else because when I was working nearly full-time at a second job, it was 300$ after taxes that I could make weekly.

I am still not set for my 2007 RRSP, I plan to do so in the following week. It make a lot to take care of and it's hard some time to get organize in a way to make it happen.

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