Updates: June-2012 Vanguard 529 Index Fund and More Free Money from Upromise
Posted on | July 24, 2012 | No Comments
Here are some quick updates for everyone.
The asset allocations for the five index funds were posted at the start of the month; we did not get a chance to rebalance, which is OK. I would rather have to rebalance because a fund has grown too large as opposed to the fund having lost too much value, even though the end effect is about the same (sell high, buy low).
Below is the performance of the funds last month. The portfolio as a whole was up +3.79%.
|
+5.94% |
|
+3.91% |
|
+4.49% |
|
+0.00% |
|
+2.03% |
Here is the performance of our two benchmarks for the month of June 2012.
- Growth Fund of America (CGFAX): +2.96% (without fees)
- Oppenheimer Blended Age-Based 0–6 Years Portfolio: +3.65%
Check out the performance page; our Vanguard portfolio is officially “winning.” Here is a link to the performance page.
We also got a Upromise deposit last month for $72. We did not spend any extra for this free money (just normal in-budget spending). When we add this to the $50 we got last year, it brings our free money from Upromise up to approximately $120. Our plan assumes a 7% return per year. When Genevieve turns 18, that $120 will potentially be worth $232 in today’s dollars (after adjusting for 3% inflation).
Tags: 529 Performance • Upromise • Vanguard
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