Aug 9th, 2008
I Agree–June Sucked, But July Not So Much
One of the personal finance blogs I read regularly (I can’t recall which this much later) summed up June’s stock market performance in a few words: “June sucked!”. I can’t agree more. July was better, but still not positive. It’s not been the most fun few months in the markets. How’d my portfolio do in those two months? Pretty poorly, which surprises no one.
The Vanguard Total Stock Market Index (VTSMX) ended the month of June down 7.72%; it continued its fall, lessening its arc, finishing the month of July down another 1.12%. The Vanguard Total Bond Market Index (VBMFX) was its usual pretty steady self, paying out a nice dividend but having its net asset value fluctuate downwards .07% in June and another .02% in July. Finally, the T. Rowe Price International Discovery Fund (PRIDX) ended June down 7.68% and another 3.33% in July.
It’s been a rough couple months, but I’m holding fast, as I think everyone ought to. Let’s see how things go in August!
