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Discussion in 'Sports and News' started by Football_Bat, Oct 7, 2008.

  1. Football_Bat

    Football_Bat Well-Known Member

    Just wondering if anyone has received their quarterly 401-K statements yet and how much they've lost or gained.

    I haven't gotten mine yet, but last quarter I paid in $645 and lost $115. And I don't have one penny going into stocks.

    A lot of people are going to get a shock when they go to the mailbox this month. That's just one place where Wall Street and Main Street intersect. A lot of voters are gonna be even more pissed when they find their retirement savings drained.
  2. Moderator1

    Moderator1 Moderator Staff Member

    My wife got her statement yesterday - about 800 put in and the value was down more than a grand.
    So much for our plans to scoot at 55.
  3. Simon_Cowbell

    Simon_Cowbell Active Member


    Ahhhh... my fantasyland scenario that died a long, painful one 8 1/2 years ago for me.

    The funds are buying stocks on the cheap right now.

    We could still pull out of this malaise in a year/18 months, and the account could explode upward by 2012.
  4. trifectarich

    trifectarich Well-Known Member

    Everyone's getting killed, so don't think you're the only one.

    If my account went down only three figures, I'd throw myself one hell of a party to celebrate.
  5. we can check ours online anytime

    at one point i had i lost over $5K in a few hours

    pretty funny
  6. slappy4428

    slappy4428 Active Member

    Man, this is a depressing thread...
  7. cranberry

    cranberry Well-Known Member

    Same boat here. The idea of retiring at 55 left the station around the time of the first Bush recession but I figure I still have a decent chance of a strong recovery over the next 12-15 years before I cash out and downsize. I feel for the folks who had retirement plans snatched away over the last nine days.
  8. Simon_Cowbell

    Simon_Cowbell Active Member

    Just awful and scary.

    Really legitimizes the thought of transferring to money market at 55.
  9. SixToe

    SixToe Active Member

    Lost $40k year to date and more than $10K in the last week, despite moving money to different 401k funds.

    A guy at the gym last week was talking to his friend about "bank stocks" and I thought they were going to start crying. Then they started talking about dropping $15K to $20K in stocks and flipping them days later on the short rebounds, so I knew their bank accounts weren't hurting.
  10. - 25.7% for the year. I don't have much in it, though, to begin with, and I'm draining it in a few months here anyway.
  11. EStreetJoe

    EStreetJoe Well-Known Member

    just checked mine...
    through yesterday's close I'm down 27.9% for the year (that's 40k despite putting in about 12k)
  12. Pancamo

    Pancamo Active Member

    Put my 401K in a guaranteed 2% fund in May.
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