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Oh man, I should not have looked at my 401k. Following the DOW pretty closely.
This correction is hurting. I hope it bounces back as quickly as the last little one. Here's to hope in one hand and shit in the other.
I should have stuffed it all in cash in July.
You didn't??Quote:
Originally Posted by brutal
A kid in the neighborhood is on the down side. ALL his "investments" have tanked. That's the good thing about never playing the market. I have nothing to lose.
Swapped my 401k to bonds right after new year, lost a little, but not as much as if I'd kept as much in stocks as I had. Been making some regular silver purchases the last several months, but I'm worried the metals market hasn't hit bottom yet. Though at least they're tangible assets.
Yeah, just about everyone is feeling it right now. I actually got lucky as f*** because I sold out of the Mutual Fund that my IRA was primarily invested in on Dec 10th while I dug around for something with better performance. Probably saved myself about 8-10k, just in dumb luck. [Dunno] Now I'm the evil bastard who is hoping that the S&P drops to 800 so I can jump back in then :DQuote:
Originally Posted by brutal
No cash option in my 401k.. went to bonds about 2 months ago
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I've already "lost" $32K in value from late Nov as of today. $8K More than the max amount allowed that I was able to stuff into it last year. If I don't, Uncle Sam just takes it all in fed taxes. [facepalm]Quote:
Originally Posted by HoneyBadger
I'm still in it for quite a few more years, hell I can't even withdraw without penalty for another 4.5, and the market has historically recovered well. Sticking in it for the long haul but certainly as I get closer I need to make it a safer nestegg and pull back from the riskier stuff.
The company match goes into employee owned stock that gets valued bi-annual so it's less volatile when the market swings and has in years past done very well, or at least retained value. As long as the company stays strong, and I've got pretty good faith in that piece as well which is around 25% of my total investments. I just hope I don't end up with an "Enron" t-shirt. I do wish I was otherwise diversified in addition to the modest PM investments but unfortunately that's all there is. Seems every time I scratch enough together to buy in, something comes up. I'm also very unlucky when it comes to money so there's that.
I just hope I don't end up with an "Enron" t-shirt.
Or one from Qwest...........................
Isn't now the time to be buying in? I guess it could be different for working within a 401k, but it seems like the market is on sale right now.
I figured in just buying shares at my age and hope the company makes it for the long haul! Although I do have my eye on a good short term right now but not sure if I can pull the trigger on it.
Correct. I'm selfishly hoping it drops more before recovering.Quote:
Originally Posted by Irving