401-KO'd

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.

 

55?

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.

 

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.

 

we can check ours online anytime

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

pretty funny

 

Man, this is a depressing thread...

 

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.

 

Just awful and scary.

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

 

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.

 

- 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.

 

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

 

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