View Poll Results: How is my 401(k) Doing?
I have lost my arse
18
78.26%
Everything's peachy!
1
4.35%
What's a 401(k)
3
13.04%
My car is my investment vehicle
1
4.35%
Voters: 23. You may not vote on this poll
How's Your 401(k)?
Thread Starter
iClub Silver Vendor
iTrader: (25)
Joined: Nov 2002
Posts: 15,494
From: Participating in some Anarchy!
Car Info: 2005 LGT wagon
How's Your 401(k)?
Got my statement a few days ago and the balance is less than 1/2 of what it was 1 yr ago.
And as a lovely parting gift, the balance is less than what I contributed to the account.
And as a lovely parting gift, the balance is less than what I contributed to the account.
Registered User
iTrader: (9)
Joined: Mar 2003
Posts: 2,451
From: Sacramento, CA
Car Info: 1996 Mustang GT/2013 Outback Limited
Mine is down to about 70% of what I actually put in to it. My "hope" is that since I am still contributing at deflated market prices and things will "change" in the long run.
Registered User
iTrader: (14)
Joined: Mar 2006
Posts: 1,287
From: bay to la
Car Info: '08 cadillac cts
I'm down 50%. No biggy for me I am a long term investor. My company stock (COP) is down to 35 a share right now...compared to months ago when its 95. Oh well I can just buy more
At this time I consider myself fortunate. My wife has been taking all of my money for many years. Enough to hinder my contributions to a retirement savings account. I've lost nothing. 0-0=0
Father Time
iTrader: (4)
Joined: Sep 2004
Posts: 6,699
From: You're doing it wrong!
Car Info: This aint a bag. It's a shipment.
Well I haven't 'lost' anything becasue I haven't sold. But the current value is about half of what it was. No biggie. It will go up long before I retire. The good thing is that I continue to contribute. I view it as a huge sale. My current contributions are buying at a discount and this will put me ahead in the future after the rebound.
The best for me would be for it to drop even lower and stay in the crapper up until the day I start withdrawing. Then have it explode.
So I'm picking the lost my **** option but with the above mentioned thoughts.
The best for me would be for it to drop even lower and stay in the crapper up until the day I start withdrawing. Then have it explode.
So I'm picking the lost my **** option but with the above mentioned thoughts.
If you are pro-Obama and government, your 401k is actually screwed for a long time.
I am a democrat, voted for Obama, but I did not agree with government spending/taking over things, loaning out money to failed adventures of corporations.
We need is to have had the free market re-align itself. They should have let these huge companies crash and burn for their risky investments. The more patches he tries to restart the economy with, the worse of a depression that is inevitably going to hit. Either way, it's coming and instead of letting it come now, he's going to make it even worse, and deeper, and longer than anything we've ever seen.
I am a democrat, voted for Obama, but I did not agree with government spending/taking over things, loaning out money to failed adventures of corporations.
We need is to have had the free market re-align itself. They should have let these huge companies crash and burn for their risky investments. The more patches he tries to restart the economy with, the worse of a depression that is inevitably going to hit. Either way, it's coming and instead of letting it come now, he's going to make it even worse, and deeper, and longer than anything we've ever seen.
Father Time
iTrader: (4)
Joined: Sep 2004
Posts: 6,699
From: You're doing it wrong!
Car Info: This aint a bag. It's a shipment.
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