Checked your 401k Lately?

[Daisalana 33]

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. :cool2:

[smsmithart 4]

Wow I'm gonna check mine now..

[*susan* 1,709]

Ugh, I think I will avoid looking at mine then. Denial is bliss.

[luluc 6]

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.

[plain 12]

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. :cool2:

Why? You aren't planning on retiring, are you? Ever.....

[Daisalana 33]

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!

[MacMadame 81]

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.

[Daisalana 33]

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.

[luluc 6]

I have 35 years or so to have the economy straighten itself back out.

sure hope it happens before then:wink:

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.

[tapshoes 2]

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!

[green 6]

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!

[NukeChik 1]

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.

[Daisalana 33]

Damn I am down 26% today.

[losingjusme 12]

im down a tad over 20% right now...

[gadgetlady 4]

Not looking, not looking, not looking!