yeah, i knew i shouldn't have, but I did and did a "holy shit"..... basically lost a quarter of what I've put into it in the last 7 years or so..... pretty bad. i'm curious to see if others have succumbed to looking as well and what their damage was.......
10-10-2008, 02:06 PM
| #1 | ||||
| no es mi culpa  Independent Beantown 
| I made the mistake of looking at my 401K today yeah, i knew i shouldn't have, but I did and did a "holy shit"..... basically lost a quarter of what I've put into it in the last 7 years or so..... pretty bad. i'm curious to see if others have succumbed to looking as well and what their damage was....
__________________ There is small disproportion betwixt a fool who useth not wit because he hath it not and him that useth it not when it should avail him. | ||||
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10-10-2008, 02:15 PM
| #2 | ||||
| Friend to all.  Socialist Maryland
| I have no reason to look. | ||||
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10-10-2008, 02:18 PM
| #3 | ||||
| ipsa Scientia Potestas est  Pragmatist North Carolina
| I've lost about 33% of the value in my Roth IRA  | ||||
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10-10-2008, 02:20 PM
| #4 | ||||
| Member  Independent
| Yeah I took a decebt hit, too. Not too worried though. It'll rebound. Especially with a post war economy. | ||||
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10-10-2008, 02:22 PM
| #5 | ||||
| Friend to all. Socialist Maryland
| Originally Posted by Heres Johnny 
After the war with Iran or Pakistan? | ||||
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10-10-2008, 02:26 PM
| #6 | ||||
| Arse Anarchist Halifax, Nova Scotia
| Originally Posted by Donkey® Russia!
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10-10-2008, 02:35 PM
| #7 | ||||
| Banned by Super *********s  Moderate
| it's kind of like getting a shot...it's best not to look  | ||||
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10-10-2008, 02:52 PM
| #8 | ||||
| For those about to rock...  libertarian Atlanta, GA
| Now's the time to make sure you're maxing it out. Additionally, it's the time to start buying into mutual funds. Everything is on sale! Don't do it if you're over 60 though... it would suck to be nearing retirement right now. | ||||
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10-10-2008, 03:16 PM
| #9 | ||||
| Evil Political Genius The Lab Moderator  Humanist Chicago Suburbs
| I feel like a genius now for never saving a nickle. Well...not really. | ||||
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10-10-2008, 03:31 PM
| #10 | ||||
| no es mi culpa Independent Beantown
| yeah i'm about to up my percentage contribution... i think i'm at 5% or so. i think i'm going to go up to 10% if I can..... | ||||
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10-10-2008, 04:08 PM
| #11 | ||||
| Dirty Liberal  Democrat South Jersey
| yeah I looked too. Everything is down. But it's just paper. 529 plan is about 20% down, 401K is way down. Everything. but It's not money I need now, or even in 10 years. It's paper loss. If I had more money I would be buying up stocks. GM for 5 bucks a share? Fuck! They aren't going under, and in 10 years they will back up again. | ||||
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10-10-2008, 04:10 PM
| #12 | ||||
| Dirty Liberal Democrat South Jersey
| Originally Posted by Ardentfrost shit don't do it if you are over 50.
But yeah everything is cheap. If you don't have money to buy extra... rebalance! If you havn't you will probably be heavy into your fixed income portion and simply rebalancing will help you out a ton in the future,. | ||||
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10-12-2008, 09:56 PM
| #13 | ||||
| Guest
| I'm down about 35% overall...I'm down to about 35k in retirement assets at the moment | ||||
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10-13-2008, 01:47 PM
| #14 | ||||
| Never, never, never give up  Independent High Point, NC
| Hopefully today will help some. | ||||
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10-13-2008, 04:45 PM
| #15 | ||||
| Dirty Liberal Democrat South Jersey
| Originally Posted by Stylerod I rebalanced when it was pretty far down
 Buy low baby. | ||||
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10-14-2008, 02:17 PM
| #16 | ||||
| Deuteronomy 32:41  Paleolibertarian USA
| I guess I'm glad I invest in things like ammunition and solar panels. Sorry to hear you guys (& gals) losing hard-earned dough. It's not over, though. The government has in mind to spend A LOT more of our money. They're going to need to fund their golden parachutes for the world elite bankers. | ||||
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10-15-2008, 01:47 PM
| #17 | ||||
| ipsa Scientia Potestas est Pragmatist North Carolina
| I'm hoping it's going to stay low until I get paid so I can buy in low to balance out the loss here at this point. | ||||
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10-15-2008, 02:03 PM
| #18 | ||||
| For those about to rock... libertarian Atlanta, GA
| Originally Posted by motivez It's still low and still has some downward movement to go. Don't let Monday's 986 point swell confuse you, the market has not turned around yet.
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10-15-2008, 02:14 PM
| #19 | ||||
| Perpetual Noob Independent
| Originally Posted by motivez I think they have like up to a month after your pay period to contribute
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10-15-2008, 03:11 PM
| #20 | ||||
| ipsa Scientia Potestas est Pragmatist North Carolina
| Originally Posted by Ardentfrost Yeah, I'm thinking it's going to go back down for awhile. But, I'm hoping it'll be back down closer to where it was at the most recent low when I buy in instead of up in the mid 9000's ..that way over the long term the shit I invest now is that much higher.
I'm also wondering about buying company stock directly at this point. I think GM was selling for around $6? Say what you want about their business practices, I don't think they're going to be going anywhere.. $6 seems like a steal. I can stand to weather out the current volatility, so looking at individual companies is something I'm considering. | ||||
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