Just cost me $25K.
A little worried...
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Just cost me $25K.
A little worried...
Don't worry buddy. Just hang in there.
http://www.macrotrends.net/1319/dow-...storical-chart
I'm up about 4% over the last 10 days. :)
Ow! Geeze. :(Quote:
Originally Posted by brutal
1966 to 1982 was pretty rough.Quote:
Originally Posted by Irving
And 1929 to 1959.
Of course, Jan 26th was the day they put in our last company ESOP match, and my ESOP balance just rolled over to the 401K Feb 6 so the dip hurt me even more than it would otherwise have. I just I have to keep an eye on it because we have another plan rollover coming and we'll have a blackout period from Feb 20-Mar 12.Quote:
Originally Posted by MarkCO
Our company got acquired and they bought out all the employee stock so there's a lot happening right now that's not good timing with this correction. I made 21% last year, I don't want to lose it all.
Ouch!
I'm in for the long haul. I've been expecting a correction. There'll probably be at least one more after this before I retire.
Not even a blip on my portfolio
The loss is 4.15%. That sounds a whole lot better than a thousand points. I'm guessing baby boomers pulling out for retirement. The other factor is Bank of England rumor of raising its rates. If it does, the FED will surely follow suit. Could be a buying opportunity.
2700 point drop in the Dow since Jan 1 with two big hits and one minor.Quote:
Originally Posted by BushMasterBoy
I'm probably in too many high risk cats for my age, but I was trying to ride the wave.
Well, farts. I just checked again and today's hit just showed up. I lost the gains I made plus $21K. Fuck me.
My shiney new 401K, that has only seen two contributions, is -9%.
I see more long term.
After 2000, I learned that AFTER THE scaler multiple of the gdp/gnp/ppi growth is all setting up for a bubble.
There will be increase in MS relative to average change in money supply from foreign countries. In order for fed to reduce that is to issue new bonds to get the ms in control.
Some say that even 500b increase into US from foreign countries is nothing comare to entire M2. it is true, but it is damn a lot relative to average change.
You heard this from uncle prena first on 2/8 before barrons/wsj/cnbc/forbes.
If you are allowed to hold 2 months contributions in cash, do that, and then when you have big drops, put the cash back in. Dollar cost averaging is what us regular folks need. Keep plunking it in, and then when you get a hit, put more in. Then for 4 months, half in cash and half into holdings. I have done that for years and always beat the annual returns on my holdings just by buying at a low once a year.
My actual YTD loss was -3.75% at close today.Quote:
Originally Posted by BushMasterBoy
It just sucks that I lost on a big chunk of money I rolled over.
Not connected to the current correction, but our company stock took a huge hit in the past year or so. Company bought a petroleum and gas logistics company...then lost a major customer and that led to other issues. Amounted to a huge loss of $600m or thereabouts. My ESOP plan went from almost $30 per share about this time last year to around $4 per share now. There's just no good way to spin that.
The 401k took a little hit with the recent market correction but I'm not nearly as worried about that as I am the company stock.
Man, I am so thankful for defined benefit plans. My other plans took similar percentage hits, but I make much smaller contributions.
Yes it does. But right now it's so bad it's barely worth getting for free. I sure as hell don't wanna pay for it!Quote:
Originally Posted by foxtrot
Since I get more shares at the lower price I'm really hoping the company can pay down the massive debt they've incurred and the stock goes back up in the next few years. They pay it out (the ESOP) in lump sum when the employee turns 65 and I'm hoping it can rebound in that time...a little bit anyway.
ETA: A lot of co-workers are bitching that our company isn't offering bonuses due to the tax bill like so many other companies are doing. I'm all for the company keeping the money and paying their debt with it. That would be far, far better in the long run for the employees than a $1000 bonus now. But, long run doesn't buy a new 4k TV today. People are so short-sighted sometimes.
The 401K I had for my company was all self directed in TDAmeritrade. When I "de-employed" I rolled that to an IRA and yes, all self directed. I keep 25% in a Vanguard fund as well, the rest cash, and stocks. I limit myself to 2 hours a month of research and am careful to primarily invest in stocks in market sectors I know about personally.Quote:
Originally Posted by foxtrot
It only costs if you are selling.
You have only lost if you have to sell, if you aren't needing to draw from your retirement account for anfew.years you shouldn't really be looking at it for anything other than making sure your portfolio is where it should be.
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We've all taken a significant hit if we have money in the market, but the good news is that many of the companies are still solid and profitable. While the account value is down the returns on the stocks should still be good, unlike the mess I (we) suffered in the last big drop. Hopefully a silver lining.
Lost $9k last I checked. Hoping to make up on the rebound. Ten yrs to full retirement...