I did my 2007 tax return today and am getting refunds(yay).
I changed my withholding allowance at the beginning of 2007. Thus, my federal refund is very small; which means I did a good job in estimating the withholding number (yay). However, for some reason, the change did not impact my state withholding as I am getting more back this year than last year (booo). I need to look into that.
Just out of curiosity, I checked my retirement portfolio today too. OMG!!! The percentage of the portfolio market value has decreased by double digit :"(. Since I only buy mutual funds, eventually they should bounce back but GAWD, it's so depressing looking amount getting smaller and smaller.
Logically, especially for long term investing, this is probably a great time going in and buy some stocks for sale.
Emotionally, WHAT IF THE COMPANY GO BANKRUPT OR IF THIS DEPRESSION LAST FOR 50+ YEARS???? :O
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