Who else's 401k is in the ****house right now?

[JET02WRX]

Against my better judgement I just checked my portfolio... 13% loss for Jan-July... AHHHHHHHHH. Its fairly diversified too. Its not like I have everything in company stock. Thank god because our company stock (Comcast) is posting a 32% year to date loss.

The only consolation I have is pretty much all of the funds that invest in stocks are down. The only things posting a positive gain are things in Bonds... which makes sense. I've always heard that when the economy and market is bad...invest in bonds to preserve your income. Also the 'stable value funds' are either at a 0 gain or 1 - 3 % gain.

How is everyone else fairing?

[CHAOS]

mine isnt doing too bad... i barely have **** in the company stock tho

[CHAOS]

just checked..

2.3% down. not too bad considering.

[JET02WRX]

What do you have? Are you doing that single fund that is tied to your approximate year of retirement? Or do you have multiple funds?

[marshallpre1]

too scared to check, but I don't have any in my own company stock

[CHAOS]

What do you have? Are you doing that single fund that is tied to your approximate year of retirement? Or do you have multiple funds?

ive got it fairly diversified across a few things.

[alwaysinboost]

down 11% for the year but I don't care cause I'm not cashing in anytime soon. its called dollar cost averaging and its your friend in the long term.

[JET02WRX]

Yeah... i know... The market has its ups and downs...its always just painful to look at it and see that big minus sign staring you in the face.

[2drStunner]

01/01/2008 to 07/16/2008 is -14.4% That hurts my feelings! :cry:

[DaveSTi]

Year to date -6.98%

last quarter 2.2%

glad this is for long term, haha.

[twastheglow]

I haven't even looked at mine. I don't want a reason to be put in a bad mood. LOL

[alwaysinboost]

if you don't plan on cashing out until you retire, which for most of us will be atleast another 30-40 years, you have nothing to worry about.

Its highly likely that the market will "crash" a couple times before we all cash out. The important thing to do is keep investing your money. Right now while the market is low you are buying shares of funds or stocks at very low prices, when the market eventually picks back up, and it will pick back up eventually, those shares you purcahsed at a lower price will also rise in value making the return on your investment even greater.

[twastheglow]

^ Well all know you're right...in the back of our minds...but it still hurts seeing those numbers. :(

[DaveSTi]

if you don't plan on cashing out until you retire, which for most of us will be atleast another 30-40 years, you have nothing to worry about.

Its highly likely that the market will "crash" a couple times before we all cash out. The important thing to do is keep investing your money. Right now while the market is low you are buying shares of funds or stocks at very low prices, when the market eventually picks back up, and it will pick back up eventually, those shares you purcahsed at a lower price will also rise in value making the return on your investment even greater.

now's the time to buy in other words. :)

[Tiny]

if you don't plan on cashing out until you retire, which for most of us will be atleast another 30-40 years, you have nothing to worry about.

Its highly likely that the market will "crash" a couple times before we all cash out. The important thing to do is keep investing your money. Right now while the market is low you are buying shares of funds or stocks at very low prices, when the market eventually picks back up, and it will pick back up eventually, those shares you purcahsed at a lower price will also rise in value making the return on your investment even greater.

Lol. I keep telling the people here the same thing. I'm going to be working for another 30 years. Who gives a **** if the market is down right now?

[TROLL]

My Roth IRA is down 15% on the year... it is contributed to monthly for dollar cost averaging like mentioned above.

I own two 401K funds... one is down 2.5% on the year, the other is down 11% on the year... again monthly investments for dollar cost averaging.

Its true that those who invest should come out on top in the long run, but right now is still painful to me. I've got a lot of other stuff too thats hurting pretty bad as well. Just trying to weather the storm and recognize the buying opportunities as they present themselves and we'll see clearer skies soon enough...

Maybe yesterday and today will set the tone for the future? Doubtful, but it'd be nice. I'll take this little rebound though whenever I can get it.

[alwaysinboost]

now's the time to buy in other words. :)

:wink:

[garrettej8]

one of my managers told me today that he lost $32,000. that sucks

[TROLL]

a lot of people are a lot worse off than that... and thats just 401K.

[i like rice]

Mine is up 2.6% for the last quarter and up 4.51% for the year, so no complaints here.

[PhillySVT]

Against my better judgement I just checked my portfolio... 13% loss for Jan-July... AHHHHHHHHH. Its fairly diversified too. Its not like I have everything in company stock. Thank god because our company stock (Comcast) is posting a 32% year to date loss.

The only consolation I have is pretty much all of the funds that invest in stocks are down. The only things posting a positive gain are things in Bonds... which makes sense. I've always heard that when the economy and market is bad...invest in bonds to preserve your income. Also the 'stable value funds' are either at a 0 gain or 1 - 3 % gain.

How is everyone else fairing?

64% loss in the past year....ouch

[rysti06]

get used to it....luckily everyones in the same boat....http://www.cnn.com/2008/LIVING/personal/07/18/financial.planners/index.html?iref=24hours......now if everyone pulls out watch out...

[Kiel]

My 401k is down about 10%, but it's no big deal. It was up 18% last year. I've got 40 more years of watching it fluctuate.

[redline]

I don't have a 401K but I did roll it into other options and a TSP. All are down and I made a thread about cashing out and putting it all in a high yeild savings account (3.5 to 4.9) or ladder them out in CD's with ones maturing every year untill this economy gets better! I am sick of this ****! I think I will pay the penalties just so I am not left with nothing. I see no end in sight:mad:

[fballman1987]

13.5 percent down... looking forward to retirement... :roll:

[TROLL]

I wouldn't cash out now... its a tough time but its just a blip on the radar in the grand scheme...

[twastheglow]

I wouldn't cash out now... its a tough time but its just a blip on the radar in the grand scheme...

Exactly. I know that it's tough as **** seeing a dollar amount attached to loses we're all taking, but as far as I can tell, none of us are retiring anytime soon. And just like someone else mentioned earlier, this may happen once or twice more before we actually do.

[PhillySVT]

Exactly. I know that it's tough as **** seeing a dollar amount attached to loses we're all taking, but as far as I can tell, none of us are retiring anytime soon. And just like someone else mentioned earlier, this may happen once or twice more before we actually do.

True...I can't complain cause I had multiple years of 30+% gains.....I would not cash out now. Market will hopefully bounce back in a couple years. I think it's foolish to think it will rebound quick. People are hurting over gas prices.

[TROLL]

I think its hard because you're always told 10% growth a year and people talk about that like its the norm and its to be expected... but obviously thats not the case.
Hey, not a bad week though so maybe things are looking up...

[cburwell]

My 401K from my old company lost a little over $100 this quarter, which is not bad at all.

I'll be rolling those funds over to the 403B at my new company some time this week. My investments for the 403B will be more aggressive then those from my 401K, so I'll see how that works out. Either way, that money is in there for the long haul. I hear many people talking about pulling their money out, when they are not even close to retirement! Most of them don't realize that with good investments, these are not permanent losses.

[JSpecV03]

i jsut love how the cost of living keeps rising and rising while salaries arent. its allmost impossilbe to make out to the good anymore

[KingOfDelco]

and thats why I opted for a raise instead of getting in on our 401K. i'll handle my own hard-earned money, thank you. :)

[CHAOS]

and thats why I opted for a raise instead of getting in on our 401K. i'll handle my own hard-earned money, thank you. :)

let me know how that works out when you have nothing to show for it.

[alwaysinboost]

and thats why I opted for a raise instead of getting in on our 401K. i'll handle my own hard-earned money, thank you. :)

so you basically just turned down tax free money, which your employeer will match a portion of, for more taxable income... :bigeek:

[JET02WRX]

and thats why I opted for a raise instead of getting in on our 401K. i'll handle my own hard-earned money, thank you. :)

wow... just.... wow. Did you really just say that? Just because its bad now, doesn't mean you should NOT have investments for your future. My original post was just saying its painful to see sudden dips like this. Overall, in the last 8 years, I've made 10% on my 401k.
To take a raise over your company matched investment, that will pay you 8-12% returns over your life time is just retarded.
Unless you are a stock trading genius, you are going to be 70 years old and still needing to work.

[the4g63]

I don't know too much about these things. I won't be "vested" in my companies 401k for 5 years. I believe our 401k is mostly in the company stock, and they had a record quarter and record years for the past 5 years. So, I guess ours is up... no clue. lol.

[JET02WRX]

ooof... if you have the option... diversify. Its never a good idea to have ONLY company stock as part of your 401k. If your company is ever devalued...or goes bankrupt... there goes your money.

[the4g63]

ooof... if you have the option... diversify. Its never a good idea to have ONLY company stock as part of your 401k. If your company is ever devalued...or goes bankrupt... there goes your money.

True this. I'll keep that in mind, lol.

[OptiCon]

I'm not checking it. I know better. :mrgreen:

[JSpecV03]

yeah why mess with money that your company is giving you. to not take it is pretty dumb

[Got Insulin?]

No 401K here. Funeral Directors FTLW/L.

[futuredsmowner]

Im not trying to advertise or anything, however, if you guys are looking for someone to diversify your portfolio, manage your 401k or manage any risk that you and your family may have, I would be more than willing to help you.(Ill give my fellow tst guys free meetings) I am a Rep with Northwestern Mutual.