Tuesday, August 14, 2007
Did I say "dip"?
In last Thursday's post on my July progress, I mentioned that my RSPs had dropped with the recent "dip" in the market. Well, as everyone else has noticed, this downward slide continues. Since I ran my update last week, my RSP holdings have dropped by another $963.61. It hurts to take such a big hit, especially as I'm planning my re-allocation. If I continue my switch to index funds, I stand to get far less out of my existing stock holdings than I intended. Granted, I'll also get a lower price for the new funds, but I'm less than thrilled about the feeling of "cashing out" my holdings during this market downturn.