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10/08/2008 10:22:29 PM · #51 |
| I'm down 32% about 0.28% better than S&P YTD. |
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10/09/2008 05:13:05 PM · #52 |
| wow ... I only lost $77.28 today ... IMHO, that was huge! With the almost 700 point drop today, I feel very fortunate to have only lost that much ... |
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10/09/2008 06:03:18 PM · #53 |
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10/09/2008 06:45:29 PM · #54 |
Originally posted by dwterry:
Buy, buy, buy.... :) |
Loan, loan, loan...? :D
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10/09/2008 06:52:51 PM · #55 |
Originally posted by dwterry:
Buy, buy, buy.... :) |
I'm not putting the 20% I took out on Friday back in until the TED-spread falls below 2. Timing the bottom here is like trying to catch the falling knife. |
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10/09/2008 08:00:10 PM · #56 |
Correct...I just upped my weekly contribution from 10% to 15% and kept the rest where it's at. I'm down 30% on the year but 24% up overall since 2004.
When I say 24% up I mean I divide what actually came out of my paycheck by the current value of my 401k. This includes employer contributions.
So even with this CRASH, I'm up 24% since I started my 401k.
Now is the time...you won't get many of these chances.
Originally posted by dwterry:
With the stock market falling ... now is the time to BUY not sell! Remember, buy low, sell high. If you're selling now you'll never get it back.
(heh... I'm not a pro, I don't even play one on TV, but that's my opinion and I'm sticking with it) |
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10/09/2008 11:57:02 PM · #57 |
Originally posted by kenskid:
So even with this CRASH, I'm up 24% since I started my 401k.
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I hate to point this out, but you could have gotten a 4.3% annualized return from an ING savings account... |
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10/10/2008 12:15:24 AM · #58 |
Heh. I have some stock just in a private account in addition to my 401K. Its value is remarkably proportional to the Dow Jones avg. even though it's not related in any way.
Ah, well.
Meanwhile, anyone wanna buy a house? We'll be selling ours once we move into the new one.
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10/10/2008 12:28:49 AM · #59 |
| Umm... correct me if I'm wrong here but didn't George Bush pick his cabinet and place his people in offices that control our gov't?? Yes I do believe that's how it works so I'll say again... Thank you George Bush. |
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10/10/2008 02:38:47 AM · #60 |
I think the people that control government, are the same people who put ALL these criminals in office. YOU!! Yes, YOU. The voters.
NOW....let's all embrace SOCIALISM! YEEHHAAAAAW! That is where we are heading, my friends. SO don't worry about your 401k...the gubment shall redistribute it appropriately. You can believe them.
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10/10/2008 09:06:22 PM · #61 |
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10/10/2008 10:15:57 PM · #62 |
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10/10/2008 10:23:48 PM · #63 |
| www.trustetc.com self directed IRA's Stop losing money in the market - buy real property in your IRA - and if you call - ask for Keith or "Lonz" hehehe. |
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10/10/2008 11:45:23 PM · #64 |
Would've been 100 x better without the racist crap. But aside from that, it's scarily accurate.
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10/11/2008 01:20:55 AM · #65 |
| What 401k? The government ate it all up! OK .. j/k ... We've only lost about $2k as of the end of September .. I do NOT plan to make a major investment into it this year (like we did last year) until things stabilize a bit. Call me crazy but cash in the mattress is better than cash lost in investments (I'm not keeping in the mattress but you catch my drift). |
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10/11/2008 09:30:11 AM · #66 |
Now is the time to invest.
Why do "every day people" insist on BUYING HIGH !?!?
Originally posted by Katmystiry:
What 401k? The government ate it all up! OK .. j/k ... We've only lost about $2k as of the end of September .. I do NOT plan to make a major investment into it this year (like we did last year) until things stabilize a bit. Call me crazy but cash in the mattress is better than cash lost in investments (I'm not keeping in the mattress but you catch my drift). |
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10/11/2008 09:32:18 AM · #67 |
Better look into JIMMY CARTER and Bill Clinton and the pressure ACORN put on banks to loan FAIRLY to everyone including people who could never pay back a loan.
Started with the Community Reinvestment Act.
Originally posted by jtf6agent:
Umm... correct me if I'm wrong here but didn't George Bush pick his cabinet and place his people in offices that control our gov't?? Yes I do believe that's how it works so I'll say again... Thank you George Bush. |
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10/11/2008 09:53:47 AM · #68 |
Well, my YTD earnings is (-37.7%)for my work account.
Luckily, the previous job laid me off...I was allowed to roll my 401K into an investment account and it helped me get rid of heavy GE stocks. (They hadn't gone up in value since Immelt took over) and those haven't decreased quite as bad as my account at work. It's like dumping money into a black hole...and I don't make that much to start with!
Message edited by author 2008-10-11 09:56:02. |
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10/11/2008 11:07:29 AM · #69 |
EDIT: Sorry... I calculated wrong. Since 3/1/04 I am up 44% on every dollar I contributed out of my paycheck.
Stay positive especially if you're 10+ years from retirement.
I checked my 401 and I am down 30% for the year HOWEVER:
When I look at what I actually contributed DIRECTLY OUT OF MY PAYCHECK I find that overall, since starting in 2004 I am UP 33%.
So even with last week's sprial I have still earned $33 on every $100 I invested out of my pocket since 2004.
I'm sure if you guys do the math you'll find your 401 is likely up also.
Originally posted by bergiekat:
Well, my YTD earnings is (-37.7%)for my work account.
Luckily, the previous job laid me off...I was allowed to roll my 401K into an investment account and it helped me get rid of heavy GE stocks. (They hadn't gone up in value since Immelt took over) and those haven't decreased quite as bad as my account at work. It's like dumping money into a black hole...and I don't make that much to start with! |
Message edited by author 2008-10-11 11:24:07.
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10/11/2008 03:44:22 PM · #70 |
| I'm not even looking. I figure it'll rebound eventually, since now is the time to buy all of those fallen stocks CHEAP!! |
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10/11/2008 05:45:13 PM · #71 |
Originally posted by Jutilda:
I'm not even looking. I figure it'll rebound eventually, since now is the time to buy all of those fallen stocks CHEAP!! |
AMEN! If possible, I'm going to increase my contributions for now... |
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10/13/2008 06:14:39 PM · #72 |
Dow gained 11% today. I sure hope no one missed it because they'd pulled everything out and put it under their mattress.
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10/13/2008 06:25:54 PM · #73 |
Originally posted by levyj413:
Dow gained 11% today. I sure hope no one missed it because they'd pulled everything out and put it under their mattress. |
Don't go thinking it's all roses again. My guess is tomorrow brings a 4-6% selloff and then the real question is what does it do the rest of the week. |
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10/13/2008 06:28:37 PM · #74 |
The market is going to be full of speculators for the next while. If you can wait it out, just sit back and ignore the ride. Selling is a panic reaction. If you're in good stocks then they will recover,....., eventually.
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10/13/2008 07:38:24 PM · #75 |
Originally posted by cpanaioti:
The market is going to be full of speculators for the next while. If you can wait it out, just sit back and ignore the ride. Selling is a panic reaction. If you're in good stocks then they will recover,....., eventually. |
That's right. The Crash of 1929 recovered...in 1954. :( |
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