401K. OUCH!

[BigVE]

No surprise to ANYONE who has (HAD) money in 401k's. My newest statement was not good: <b>Last 12 months as of 10-07-2008: <big>-34.4%


NOT GOOD. I am now in the LOWEST risk allocations available but still expect to keep loosing my formerly ample @ss. I have tried to stem the tide during the year here and there by reallocating to less aggressive plans but to no avail. Anyone else NOT losing a chunk in their 401K or whatever you have?
</big></b>

[Silock]

Money markets.

Other than that, don't look.

[Molitoth]

I checked mine today... almost everything was down for Quarter 3 except for like: Very Conservative and Conservative.

It's hard to win right now it seems.

[alnorth]

Money markets.

Other than that, don't look.

Yep, I do regularly check my "saving up for the down payment" money market account with ING Direct, but I've stopped looking at my 401k and HSA accounts every week like I used too. I still throw my biweekly contribution in and rebalance my funds every few months so they dont get out of balance from my intended allocation, but I'd rather not know how much I lost every week.

I just look at it as a huge sale. I'm young, and I know that many people became very wealthy when they bought up shares of good stocks that crashed after the depression. This will roar back waaaay before I have to retire.

[cdcox]

No surprise to ANYONE who has (HAD) money in 401k's. My newest statement was not good: <b>Last 12 months as of 10-07-2008: <big>-34.4%


NOT GOOD. I am now in the LOWEST risk allocations available but still expect to keep loosing my formerly ample @ss. I have tried to stem the tide during the year here and there by reallocating to less aggressive plans but to no avail. Anyone else NOT losing a chunk in their 401K or whatever you have?
</big></b>


Mine pretty much follows the market. I don't look at it very often. But since the market is about where it was 5 years ago, I figure the last five years has been zero % growth.

I can't imagine that the investment scenarios that you run through a financial calculator come out very good when you have a five year period of your working career where the growth is 0%. Unless there is a rapid bounce back in the market (very unlikely) I'll probably be working at least another 4 years later than I had planned. Really pisses me off.

[JBucc]

Good thing you have 21000 in casino cash

[ptlyon]

VE - everyone is losing. just the way it is. I personally won't look.

hopefully you know more about that **** than I, maybe you can manage my own accounts. til then, I refuse to look, and really haven't since 9/11.

The way to look at it, it will turn around, and buy cheap stocks that will go up.

Personally, that is how I look at it. Built it, lost it, it will build again. People doing things like this on a whim is the reason for big losses on Wall Street. Online services have created this, where before when you had to go through a broker, it wasn't instantaneous.

We are our own defeat.

Good Luck.

[bishop_74]

Just ride the wave baby... ride the wave.

[Silock]

I just look at it as a huge sale. I'm young, and I know that many people became very wealthy when they bought up shares of good stocks that crashed after the depression. This will roar back waaaay before I have to retire.

Same. I just feel bad for those who need their money now or soon.

[ArrowheadHawk]

I don't invest much but i got the statement for the last quarter of my retirement and $500 was submitted but the balance on the account only went up by $100.