Investing 102

[lmnop]

Hey Greg
Thanks for the reply and the sympathy. You are right it is a tax differed account; although it has made so little money the tax is not a consideration. I read a couple of books about saving/investing when I was in my late teens and one mentioned if you save $1000 a year from age 20 to 40 and then stopped you would be way ahead rather than saving double the amount from age 40 to 60 or something like that. So I figured I would get ahead of the game and save $20k by age 20. I was a mechanic working in a mine and I saved money pretty quick. Every time I put money in the fund seemed to drop but I wasn’t worried as I believed in the long term magic I read about. Well I am still waiting for the magic. I have been jaded towards investing ever since. I felt like I did everything right and it didn’t pay off. Thanks to this thread I feel inspired to take another look at it. At minimum I need to re-invest and get rid of the useless mutual fund.
Ray