Money How is your 401k going? - Page 4

chief52 · 07-12-2008, 10:06 AM

From 7/12/2006 through 12/31/2007 my 401k was up 23.3%. From 1/1/2008 until 7/11/2008 it is down 12.8%.

Overall from 7/12/2006 until 7/11/2008 my 401k is up 7.5%.

How is your's doing...honestly.

chief52 · 10-07-2008, 10:05 PM

Quote:

Originally Posted by chagrin

Honestly I need to check the numbers but I sunk everything in my Chase employee stock; since we're basically the only bank making a solid profit, it's golden

So was ENRON...

**Buehler445** · 10-07-2008, 10:07 PM

Quote:

Originally Posted by chief52

Personal Rate of Return from 01/01/2008 to 10/07/3008 is - 22%

Damn...I guess I am just along for the ride now.

I have been from the get go.

**DaKCMan AP** · 10-07-2008, 10:12 PM

Quote:

Originally Posted by DaKCMan AP

Depends. If I had a bunch of $$ in there that was losing then yeah I'd move it to more conservative funds. Since I've only had my 401k for a little over a year I don't have a large sum built up and I can withstand the losses of the more aggressive funds while buying a larger share at a lower price.

Hasn't changed. The company stock has been taking the biggest hit but I'm not making any contributions there. All of the matching (until I'm 100% vested) goes there but I can't control it and it's not my money so whatever.

BWillie · 10-07-2008, 10:27 PM

I don't have one but my dad called me drunk the other day saying he's lost about 60-70 grand recently in his 401k and told me to buy a safe, take my money out of the bank, and put it under my bed lol

Sure-Oz · 10-07-2008, 10:58 PM

it keeps going down, i just stop looking, damn economy

chief52 · 10-07-2008, 11:17 PM

Quote:

Originally Posted by Sure-Oz

it keeps going down, i just stop looking, damn economy

I know. I have been in for a long time and am riding the highs and lows. Definitely feel it is the right way to go. Need to stop looking...

Now a days it is so easy to check on daily progress. Probably not a good thing.

Silock · 10-07-2008, 11:25 PM

I don't have a 401k, but my investments are doing just fine right now.

You just have to know where to put your money when the times get tough.

philfree · 10-07-2008, 11:42 PM

My company just moved our 401 k from one investment firm to another and all my money was still in a cash account when the crisis started. Baring a complete collapse of the market I should be in a good position to reinvest my money and get large gains as the market corrects itself.

PhilFree

chief52 · 10-07-2008, 11:53 PM

Quote:

Originally Posted by Silock

I don't have a 401k, but my investments are doing just fine right now.

You just have to know where to put your money when the times get tough.

Really...so you are not in the stock market or real estate? What do you invest in?

Silock · 10-08-2008, 12:05 AM

Quote:

Originally Posted by chief52

Really...so you are not in the stock market or real estate? What do you invest in?

Stocks . . . they're fine. Down a little, but whose aren't? Certainly not tanking too badly. Remember, even in a down economy, everyone buys toilet paper.

**DaneMcCloud** · 10-08-2008, 12:11 AM

Quote:

Originally Posted by Silock

Stocks . . . they're fine. Down a little, but whose aren't? Certainly not tanking too badly. Remember, even in a down economy, everyone buys toilet paper.

What?

The market's down below 10,000. It's down more than 2,000 points.

More than 2 TRILLION DOLLARS.

And you're down a "little"?

What, do you have $300 dollars in your 401k?

What the ****?

We've lost more than $60k in a MONTH.

Silock · 10-08-2008, 12:25 AM

Quote:

Originally Posted by DaneMcCloud

What?

The market's down below 10,000. It's down more than 2,000 points.

More than 2 TRILLION DOLLARS.

And you're down a "little"?

What, do you have $300 dollars in your 401k?

What the ****?

We've lost more than $60k in a MONTH.

I told you, it's not a 401k, just individual investments. And I'm not even saying I'm not losing money, because I am. But I'm not panicking. There's no reason to panic. It's going to get worse before it gets better. But it's a great time to invest, and it will become even more attractive as the market keeps adjusting. In the grand scheme of things, though, I'm still up from when I started. So, yeah, I'm down "a little." It won't last. They'll get this thing worked out.

**DaneMcCloud** · 10-08-2008, 12:53 AM

Quote:

Originally Posted by Silock

I told you, it's not a 401k, just individual investments. And I'm not even saying I'm not losing money, because I am. But I'm not panicking. There's no reason to panic. It's going to get worse before it gets better. But it's a great time to invest, and it will become even more attractive as the market keeps adjusting. In the grand scheme of things, though, I'm still up from when I started. So, yeah, I'm down "a little." It won't last. They'll get this thing worked out.

How much are you investing that you're only down a little?

$100?

My financial consultant was on NPR last week. I've got friends on Wall Street. I've got friends basically every where in the financial sector. The ONLY thing that's doing well for me is my tax-free money market account and that's only because it didn't LOSE money this past month.

I find it hard to believe that any with $350k or more in the market since January 2008 hasn't lost a significant amount of money.

Silock · 10-08-2008, 12:57 AM

Quote:

Originally Posted by DaneMcCloud

How much are you investing that you're only down a little?

$100?

My financial consultant was on NPR last week. I've got friends on Wall Street. I've got friends basically every where in the financial sector. The ONLY thing that's doing well for me is my tax-free money market account and that's only because it didn't LOSE money this past month.

I find it hard to believe that any with $350k or more in the market since January 2008 hasn't lost a significant amount of money.

Dude, I'm not into e-bragging, so I'm not going to say exactly how much money it is. And I'm only 27. I haven't had a lot of time to rack up cash in the market. The only thing I will say is that it's over $50k. Not going into more detail than that.

Perhaps you and I simply have different perceptions of what constitutes "a little." Like I said before, I'm still WAY up compared to the amount of money I started investing with.

**DaneMcCloud** · 10-08-2008, 01:02 AM

Quote:

Originally Posted by Silock

Dude, I'm not into e-bragging, so I'm not going to say exactly how much money it is. And I'm only 27. I haven't had a lot of time to rack up cash in the market. The only thing I will say is that it's over $50k. Not going into more detail than that.

Perhaps you and I simply have different perceptions of what constitutes "a little." Like I said before, I'm still WAY up compared to the amount of money I started investing with.

Hey, don't get me wrong. I applaud ANYONE that's up right now.

It's just hard for me to believe.

But, if you're a Fund Manager, I'd have to say, your clients are VERY lucky.

07-12-2008, 10:06 AM
chief52 Veteran Join Date: Apr 2001 Location: NoCal Casino cash: $9805260	How is your 401k going? From 7/12/2006 through 12/31/2007 my 401k was up 23.3%. From 1/1/2008 until 7/11/2008 it is down 12.8%. Overall from 7/12/2006 until 7/11/2008 my 401k is up 7.5%. How is your's doing...honestly.
Posts: 3,124

10-07-2008, 10:27 PM	#49
BWillie Are you ready to Rumble? Join Date: Apr 2006 Casino cash: $-1268759	I don't have one but my dad called me drunk the other day saying he's lost about 60-70 grand recently in his 401k and told me to buy a safe, take my money out of the bank, and put it under my bed lol
Posts: 52,503

10-07-2008, 11:25 PM	#52
Silock MVP Join Date: Dec 2006 Location: Overland Park Casino cash: $10020882	I don't have a 401k, but my investments are doing just fine right now. You just have to know where to put your money when the times get tough.
Posts: 19,908

10-07-2008, 11:42 PM	#53
philfree Indian Twitter Join Date: Nov 2000 Location: Free Agency Casino cash: $-2013802	My company just moved our 401 k from one investment firm to another and all my money was still in a cash account when the crisis started. Baring a complete collapse of the market I should be in a good position to reinvest my money and get large gains as the market corrects itself. PhilFree __________________ [/SIGPIC]
Posts: 16,102

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode