Checked your 401k Lately?This is a discussion on Checked your 401k Lately? within the LAP-BAND® Talk Lounge forums, part of the LAP-BAND® Talk Community Center category; Dow suffers biggest point drop in history, falling nearly 778 points in reaction to House vote rejecting economic rescue.
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09-29-2008, 04:41 PM
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#1 | Moderator / I live in your computer! Thread Starter
Join Date: Mar 2007 Age: 24
Posts: 5,500
City: Madison State: Alabama | Checked your 401k Lately?
Quote: |
Dow suffers biggest point drop in history, falling nearly 778 points in reaction to House vote rejecting economic rescue.
| Amidst all of this, somehow I forgot to check my 401k in the past couple of months.
What a shock I was in for. Normally I hover between -3 to -6% down.
Today? -20%
I'm a little nauseated. 
__________________ Starting: 333lb/46.4 BMI Goal: 180lb/25.1 BMI Pre-Pregnancy: 212lb Current: 230lb  Running through hell, heaven can wait. | 
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09-29-2008, 04:43 PM
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#2 |
Join Date: Oct 2007 Age: 30
Posts: 611
State: fl | Re: Checked your 401k Lately?
Wow I'm gonna check mine now..
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09-29-2008, 06:52 PM
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#3 |
Join Date: Mar 2006 Age: 42
Posts: 4,104
City: Jacksonville State: Florida | Re: Checked your 401k Lately?
Ugh, I think I will avoid looking at mine then. Denial is bliss.
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09-29-2008, 07:12 PM
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#4 |
Join Date: Oct 2007 Age: 39
Posts: 2,670
City: DFW State: TX | Re: Checked your 401k Lately?
Quote:
Originally Posted by *Susan*  Ugh, I think I will avoid looking at mine then. Denial is bliss. | not looking - not looking - not looking. i'm good w/denial in a LOT of areas in my life and the scale is included.
rebound will happen - move away from your portfolio & ignore. you can't control it -... so take a blissful walk & come back at a later date in time.
SO glad i sold - so glad i sold in certain areas......rebound will take place - always does.
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09-29-2008, 07:43 PM
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#5 | Moderator / Fluoride Dope
Join Date: Feb 2008 Age: 38
Posts: 1,513
City: Mayberry-esque, but with more meth State: Texas.....the best state | Re: Checked your 401k Lately?
Quote:
Originally Posted by FairyFacade Amidst all of this, somehow I forgot to check my 401k in the past couple of months. What a shock I was in for. Normally I hover between -3 to -6% down. Today? -20% I'm a little nauseated. |
Why? You aren't planning on retiring, are you? Ever.....
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09-29-2008, 08:33 PM
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#6 | Moderator / I live in your computer! Thread Starter
Join Date: Mar 2007 Age: 24
Posts: 5,500
City: Madison State: Alabama | Re: Checked your 401k Lately?
Hah, I am putting so much in my 401k, I planned to retire early. Looks like I may end up working forever with the way it's going!
__________________ Starting: 333lb/46.4 BMI Goal: 180lb/25.1 BMI Pre-Pregnancy: 212lb Current: 230lb Running through hell, heaven can wait. | |
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09-30-2008, 01:07 AM
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#7 |
Join Date: Sep 2004
Posts: 7,761
State: Oregon | Re: Checked your 401k Lately?
My first 401k fund was eaten during the Carter Bust....my second 401k turned into a "101k" during the Clinton Bust. I hadn't been paying enough attention.
The "101k" sputtered into a 201k, I grew weary of continued life support to regrow it through a vigorous and attentive rehab schedule.... turned it into actual cash. CDs. Money Market. Still got a "201k"....
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09-30-2008, 02:45 AM
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#8 |
Join Date: Feb 2008 Age: 51
Posts: 1,766
| Re: Checked your 401k Lately?
My 401k is okay. I've lost some theoretical money, but I've still got more in there than I put in.
If you know you have a good asset allocation, you need to ride out these kinds of market downturns. It's absolutely the wrong time to sell, that's for sure.
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09-30-2008, 11:57 AM
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#9 | Moderator / I live in your computer! Thread Starter
Join Date: Mar 2007 Age: 24
Posts: 5,500
City: Madison State: Alabama | Re: Checked your 401k Lately?
Oh definitely, right now I want to buy all I can.. but what I've bought in the past year, I feel ripped off on. I am actually down 20% total from the money I have put in. Going backward. I have 35 years or so to have the economy straighten itself back out.
__________________ Starting: 333lb/46.4 BMI Goal: 180lb/25.1 BMI Pre-Pregnancy: 212lb Current: 230lb Running through hell, heaven can wait. | |
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09-30-2008, 12:08 PM
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#10 |
Join Date: Oct 2007 Age: 39
Posts: 2,670
City: DFW State: TX | Re: Checked your 401k Lately?
Quote:
Originally Posted by FairyFacade I have 35 years or so to have the economy straighten itself back out. | sure hope it happens before then 
when i sold - it was rental property (hated being a landlord). i felt so bad that 2 of our families lost their jobs & just couldn't pay rent - but after 6 months of no payment; we just off loaded the properties.
just a sad time all around & i have my fingers crossed that hubby made smart moves w/the financials - because i'm a really bad poker player.
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10-01-2008, 09:49 AM
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#11 |
Join Date: Feb 2008
Posts: 1,321
| Re: Checked your 401k Lately?
[quote=FairyFacade;1014806 I have 35 years or so to have the economy straighten itself back out.[/quote]
Although it may be depressing for you, you do have time on your side. For those of us on the other side of the big 50...it's a different story. Like Jack, my 'retirement' funds have been beaten up through a few economic 'policies' (that makes it sound as though there was government thinking involved....hahahaha). Maybe in a box under the bed isn't such a bad plan!
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10-01-2008, 12:01 PM
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#12 |
Join Date: Aug 2006 Age: 59
Posts: 4,261
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I inherited a bunch o bucks from my mum. This allowed me to take a very early retirement. I hope I am not going to end up eating cat food for the next 30 years. Oh, yuck!
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10-03-2008, 12:41 PM
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#13 |
Join Date: Dec 2007 Age: 33
Posts: 524
State: TN | Re: Checked your 401k Lately?
As of today, mine is down 28.1 %!  But like MacMadame said, I still have more in it than I've put in it though.
__________________ NIKKI my blog..... http://gammazon.wordpress.com/ The dictionary is the only place where success comes before work -Mark Twain PROUD MEMBER OF THE NEW YEAR'S KNOCKOUTS
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10-03-2008, 01:26 PM
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#14 | Moderator / I live in your computer! Thread Starter
Join Date: Mar 2007 Age: 24
Posts: 5,500
City: Madison State: Alabama | Re: Checked your 401k Lately?
Damn I am down 26% today.
__________________ Starting: 333lb/46.4 BMI Goal: 180lb/25.1 BMI Pre-Pregnancy: 212lb Current: 230lb Running through hell, heaven can wait. | |
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10-06-2008, 05:38 PM
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#15 |
Join Date: Oct 2006 Age: 37
Posts: 5,481
State: confusion... | Re: Checked your 401k Lately?
im down a tad over 20% right now...
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