Who else's 401k is in the ****house right now? - TriStateTuners.com :: Home of Tristate Auto Enthusiast

JET02WRX · 07-17-2008, 07:55 AM

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 · 07-17-2008, 07:57 AM

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

CHAOS · 07-17-2008, 07:59 AM

just checked..

2.3% down. not too bad considering.

JET02WRX · 07-17-2008, 08:01 AM

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 · 07-17-2008, 08:01 AM

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

CHAOS · 07-17-2008, 08:28 AM

Quote:

Originally Posted by 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?

ive got it fairly diversified across a few things.

alwaysinboost · 07-17-2008, 08:43 AM

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 · 07-17-2008, 08:54 AM

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 · 07-17-2008, 10:27 AM

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

DaveSTi · 07-17-2008, 10:36 AM

Year to date -6.98%

last quarter 2.2%

glad this is for long term, haha.

twastheglow · 07-17-2008, 10:52 AM

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

alwaysinboost · 07-17-2008, 11:00 AM

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 · 07-17-2008, 11:04 AM

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

DaveSTi · 07-17-2008, 01:50 PM

Quote:

Originally Posted by 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.

now's the time to buy in other words.

Tiny · 07-17-2008, 01:59 PM

Quote:

Originally Posted by 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.

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** · 07-17-2008, 02:06 PM

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 · 07-17-2008, 02:16 PM

Quote:

Originally Posted by DaveSTi

now's the time to buy in other words.

garrettej8 · 07-17-2008, 08:54 PM

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

**TROLL** · 07-17-2008, 09:45 PM

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

i like rice · 07-17-2008, 10:01 PM

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

07-17-2008, 07:55 AM	#1
JET02WRX Tri-State Addict Join Date: Jun 2006 Location: Chester Co. Member #2133 My Ride: 2002 WRX Wagon iTrader: (1)	Who else's 401k is in the house right now? 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? __________________ 2002 WRX "Fun-Wagon" Last edited by JET02WRX; 07-17-2008 at 07:59 AM.

07-17-2008, 08:01 AM	#4
JET02WRX Tri-State Addict Join Date: Jun 2006 Location: Chester Co. Member #2133 My Ride: 2002 WRX Wagon iTrader: (1)	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? __________________ 2002 WRX "Fun-Wagon"

07-17-2008, 08:01 AM	#5
marshallpre1 Tri-State Post Whore Join Date: Dec 2007 Location: NY Member #6445 My Ride: N/A iTrader: (1)	too scared to check, but I don't have any in my own company stock __________________ Jeremy 1997 Supra TT 6MT- PT67/Vipec/HKS/AEM/etc- fun street car 2004 G35 Coupe 6MT- Brembo pkg- daily/track days 1994 SC300 5MT- NA-T- PT61/AEM V1- future track car

07-17-2008, 08:54 AM	#8
JET02WRX Tri-State Addict Join Date: Jun 2006 Location: Chester Co. Member #2133 My Ride: 2002 WRX Wagon iTrader: (1)	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. __________________ 2002 WRX "Fun-Wagon"

07-17-2008, 10:36 AM	#10
DaveSTi Tri-State Post Whore Join Date: Mar 2006 Location: Charlotte Member #1591 iTrader: (0)	Year to date -6.98% last quarter 2.2% glad this is for long term, haha. __________________ Member Journals: To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. / To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. / To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. / To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. / To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. / To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.

07-17-2008, 07:57 AM	#2
CHAOS TST Ruined My Life! Banned Join Date: Jun 2006 Member #2120 My Ride: 1984 Cadillac Brougham iTrader: (1)	mine isnt doing too bad... i barely have **** in the company stock tho

07-17-2008, 07:59 AM	#3
CHAOS TST Ruined My Life! Banned Join Date: Jun 2006 Member #2120 My Ride: 1984 Cadillac Brougham iTrader: (1)	just checked.. 2.3% down. not too bad considering.

07-17-2008, 08:43 AM	#7
alwaysinboost Tri-State Post Whore Join Date: Feb 2006 Location: still at work Member #1454 My Ride: 04 EVO Wrecked by Oakes Detailing iTrader: (0)	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.

07-17-2008, 11:00 AM	#12
alwaysinboost Tri-State Post Whore Join Date: Feb 2006 Location: still at work Member #1454 My Ride: 04 EVO Wrecked by Oakes Detailing iTrader: (0)	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.

07-17-2008, 08:54 PM	#18
garrettej8 Tri-State Addict Join Date: Apr 2006 Location: PA Member #1793 My Ride: 2008 Black Mica Mazdaspeed3 iTrader: (3)	one of my managers told me today that he lost $32,000. that sucks __________________ 2008 MAZDASPEED 3 - COBB SRI, CS INSERTS /// 14.2@104 FWD FTL To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. 2000 VSM CIVIC COUPE To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. stolen To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. CANON

07-17-2008, 10:01 PM	#20
i like rice Tri-State Post Whore Join Date: Mar 2007 Member #3858 iTrader: (0)	Mine is up 2.6% for the last quarter and up 4.51% for the year, so no complaints here. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.

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