How is your 401k going?

[chief52]

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.

[wutamess]

Originally Posted by chasedude

As a starting 401k contributor this year, I don't have much faith in it lately. I've taken a loss on everything I've put in, hell it's like being taxed on this. I'd have a better chance putting it in savings.

WRONG!
You're getting funds/stock at a helluva discount currently.
You won't be saying that in 5-10 years. You'll appreciate the recession/depression.

[Iowanian]

I'm afraid to look, but since I'm not cashing out.....I look at this as an opporunity to buy low.

I'll scratch up some cash and buy some more......and be willing to ride this ship to the bottom of the ocean.

[chasedude]

Originally Posted by wutamess

WRONG!
You're getting funds/stock at a helluva discount currently.
You won't be saying that in 5-10 years. You'll appreciate the recession/depression.

I'm no financial guru, but I hope you're right. It is tough to see the way the gov't has handled this whole crisis and be optimistic.

[Iowanian]

Don't even watch...just keep putting in and believe you're buying at a bargain price(IMO).

I got cleaned out in my first job after college with the last go-round of this....had everything in high risk-high reward funds and got clobbered. I think I took a $10k bath when I cashed out for $600. I should have ridden that storm out too.

[Infidel Goat]

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

Maybe the employee stock is something different, but it looks like to me that Chase started the year at $25 per share and is closer to $10 per share now.

Ouch. Great P/E ratio, though, so it should rebound.

[chief52]

Personal Rate of Return from 01/01/2008 to 11/21/2008 is -43.3%

" Isn't that special "

Well, obviously I am riding this thing out. Hopefully the long term will be good to us.

[PhillyChiefFan]

it isn't.

[raybec 4]

-42%

[King_Chief_Fan]

If you don't want to buy stock, buy gold and cash securities. It has stopped the bleeding and has trended up a little. Not the best way to make some money, but better than losing. Looking forward to jumping back in the stock in the near future. When you only have 5 years before retirement, you do what you got to do.