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401-KO'd

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

Page 5 of 10
  1. zeke12

    zeke12 Guest

    I just looked at mine.

    What are the chances I'm going to get a bailout?
     
    zeke12, Oct 7, 2008
    #49
  2. qtlaw

    qtlaw Well-Known Member

    My point is 2001 is when the bubble burst. Things looked bleak then.
     
    qtlaw, Oct 7, 2008
    #50
  3. slappy4428

    slappy4428 Active Member

    Same as mine...
     
    slappy4428, Oct 7, 2008
    #51
  4. Shaggy

    Shaggy Guest

    Mine's down big time, but I'm 35 years from retirement so I really don't give a shit.
     
    Shaggy, Oct 7, 2008
    #52
  5. Clerk Typist

    Clerk Typist Guest

    The Nikkei 225 was down over 9 percent at midday Wednesday in Tokyo; London and New York could be in for another bad day. Hold now, don't sell, unless you're cashing out because you absolutely need the money right now. But don't buy yet, either. We won't know the bottom is the bottom until it's past. Then buy into a rising market.
     
    Clerk Typist, Oct 8, 2008
    #53
  6. CM Punk

    CM Punk Guest

    I'm in the same boat as an under-35 guy. Fuck it. I don't think this society can make it to 2040 anyway.
     
    CM Punk, Oct 8, 2008
    #54
  7. Simon_Cowbell

    Simon_Cowbell Active Member

    I'm looking at 8,000 as the bottom.
     
    Simon_Cowbell, Oct 8, 2008
    #55
  8. three_bags_full

    three_bags_full Well-Known Member

    Up 130-ish, right now. Opened down, but rose quickly.
     
    three_bags_full, Oct 8, 2008
    #56
  9. Baron Scicluna

    Baron Scicluna Well-Known Member

    Mine is down $400 from the beginning of the year. I don't make much anyways, and I only put 1 percent of my pay in, with company match, just to make sure I save something. As is, it's fading away anyways.
     
    Baron Scicluna, Oct 8, 2008
    #57
  10. beardpuller

    beardpuller Active Member

    I finally steeled myself and looked. I'm down about 20 grand from the summer. I went online and reallocated, more into bonds and the one stock fund in my plan that wasn't doing quite so badly. Can anyone out there who wasn't an English major, like myself, tell me if I more or less did the right thing? My thinking last week was not to move, but I came to feel I had to do something.
     
    beardpuller, Oct 8, 2008
    #58
  11. Upper Tupper

    Upper Tupper Member

    If you mean he pulled it all out and it is now sitting in a bank account, or similar, taxes will be taking a big chunk of it.
     
    Upper Tupper, Oct 8, 2008
    #59
  12. poindexter

    poindexter Well-Known Member

    There are no guarantees that we are at the bottom. I sincerely *don't* believe in addage "invest it and don't think about it for 30 years". Your 401k is going to be most people's biggest asset outside a house. It should be tended to constantly, like a garden.

    The "experts" who say sock it away in equities lost people 30% this year. Forget the experts. If you feel comfortable with what you did, good on you.

    Watch the financial news
    http://finance.yahoo.com/?u is a surprisingly good source.

    Stay away from experts. Stay away from CNBC. Look at trends. Look at the economy. Trust your gut.

    What kind of bond fund is it?
     
    poindexter, Oct 8, 2008
    #60
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