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Woe is me and my 401k!!! Fear mongering fuckheads!

eekamouseeekamouse Posts: 267
edited September 2008 in A Moving Train
Oh my god, my 401k might tank.

Fuck it, let my kids pay for this bailout later.

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Immoral.
Love is more important to me than faith.
Post edited by Unknown User on

Comments

  • josevolutionjosevolution Posts: 30,307
    since may i have lost at least 14k from my 403 , fuck me in my head ......
    jesus greets me looks just like me ....
  • mammasanmammasan Posts: 5,656
    In the past year my stocks have dropped about 40%. My girlfriend has taken a huge hit since she had a lot of WaMu stock.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • LikeAnOpeningBandForTheSunLikeAnOpeningBandForTheSun Posts: 6,097
    mine lost 11 dollars last quarter!!!!! shit!
  • eekamouseeekamouse Posts: 267
    Tough. My house's value is flat. This bailout is shit.
    Love is more important to me than faith.
  • meisteredermeistereder Posts: 1,577
    mammasan wrote:
    In the past year my stocks have dropped about 40%. My girlfriend has taken a huge hit since she had a lot of WaMu stock.

    Oh man.

    I thought my -22% was bad.
    San Diego 10/25/00, Mountain View 6/1/03, Santa Barbara 10/28/03, Northwest School 3/18/05, San Diego 7/7/06, Los Angeles 7/9/06, 7/10/06, Honolulu (U2) 12/9/06, Santa Barbara (EV) 4/10/08, Los Angeles (EV) 4/12/08, Hartford 6/27/08, Mansfield 6/28/08, VH1 Rock Honors The Who 7/12/08, Seattle 9/21/09, Universal City 9/30/09, 10/1/09, 10/6/09, 10/7/09, San Diego 10/9/09, Los Angeles (EV) 7/8/11, Santa Barbara (EV) 7/9/11, Chicago 7/19/13, San Diego 11/21/13, Los Angeles 11/23/13, 11/24/13, Oakland 11/26/13, Chicago 8/22/16, Missoula 8/13/18, Boston 9/2/18, Los Angeles 2/25/22 (EV), San Diego 5/3/22, Los Angeles 5/6/22, 5/7/22, Imola 6/25/22, Los Angeles 5/21/24, [London 6/29/24], [Boston 9/15/24]
  • sweet adelinesweet adeline Posts: 2,191
    shit, now is the time to be buying.
  • jimed14jimed14 Posts: 9,488
    I'll bet this guy is RICH ....

    http://builttobe.typepad.com/photos/screenfoto/img_0179.jpg


    GOOOOOOOOOOOOOOOOOOOOLD!!!!!!
    "You're one of the few Red Sox fans I don't mind." - Newch91

    "I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
  • meisteredermeistereder Posts: 1,577
    sweet adeline wrote:
    shit, now is the time to be buying.


    You financial planners are all alike!

    But it's probably true...
    San Diego 10/25/00, Mountain View 6/1/03, Santa Barbara 10/28/03, Northwest School 3/18/05, San Diego 7/7/06, Los Angeles 7/9/06, 7/10/06, Honolulu (U2) 12/9/06, Santa Barbara (EV) 4/10/08, Los Angeles (EV) 4/12/08, Hartford 6/27/08, Mansfield 6/28/08, VH1 Rock Honors The Who 7/12/08, Seattle 9/21/09, Universal City 9/30/09, 10/1/09, 10/6/09, 10/7/09, San Diego 10/9/09, Los Angeles (EV) 7/8/11, Santa Barbara (EV) 7/9/11, Chicago 7/19/13, San Diego 11/21/13, Los Angeles 11/23/13, 11/24/13, Oakland 11/26/13, Chicago 8/22/16, Missoula 8/13/18, Boston 9/2/18, Los Angeles 2/25/22 (EV), San Diego 5/3/22, Los Angeles 5/6/22, 5/7/22, Imola 6/25/22, Los Angeles 5/21/24, [London 6/29/24], [Boston 9/15/24]
  • normnorm Posts: 31,146
    sweet adeline wrote:
    shit, now is the time to be buying.

    well give me some money and i'll buy :p:D

    i don't even bother to look at my ira during these times :eek:
  • sweet adelinesweet adeline Posts: 2,191
    meistereder wrote:
    You financial planners are all alike!

    But it's probably true...

    it's true. i've been fielding calls from clients all week wanting to sell. so i say to them, "okay, so you want to go ahead and lock in this -20% return?". it usually helps them realize its only a loss (or gain) when you actually sell.
    cutback wrote:
    well give me some money and i'll buy

    i don't even bother to look at my ira during these times

    smart man. what you don't know won't hurt you ;)
  • Indian SummerIndian Summer Posts: 2,296
    I just bumped up my 401, to max it out. I'll back it off when stuff gets back to normal, but for now, I'm buying all I can!
    "It's all happening"
  • LikeAnOpeningBandForTheSunLikeAnOpeningBandForTheSun Posts: 6,097
    Indian Summer wrote:
    I just bumped up my 401, to max it out. I'll back it off when stuff gets back to normal, but for now, I'm buying all I can!
    that reminds me. i need to do that.
  • meisteredermeistereder Posts: 1,577
    sweet adeline wrote:
    it's true. i've been fielding calls from clients all week wanting to sell. so i say to them, "okay, so you want to go ahead and lock in this -20% return?". it usually helps them realize its only a loss (or gain) when you actually sell.



    smart man. what you don't know won't hurt you ;)


    Yeah. I just keep buying. Been maxing out since 1999. So I was buying low there for much of it.

    I know some people who transferred to cash last week. So far they might have won on that, but let's see if they know when to buy in.
    San Diego 10/25/00, Mountain View 6/1/03, Santa Barbara 10/28/03, Northwest School 3/18/05, San Diego 7/7/06, Los Angeles 7/9/06, 7/10/06, Honolulu (U2) 12/9/06, Santa Barbara (EV) 4/10/08, Los Angeles (EV) 4/12/08, Hartford 6/27/08, Mansfield 6/28/08, VH1 Rock Honors The Who 7/12/08, Seattle 9/21/09, Universal City 9/30/09, 10/1/09, 10/6/09, 10/7/09, San Diego 10/9/09, Los Angeles (EV) 7/8/11, Santa Barbara (EV) 7/9/11, Chicago 7/19/13, San Diego 11/21/13, Los Angeles 11/23/13, 11/24/13, Oakland 11/26/13, Chicago 8/22/16, Missoula 8/13/18, Boston 9/2/18, Los Angeles 2/25/22 (EV), San Diego 5/3/22, Los Angeles 5/6/22, 5/7/22, Imola 6/25/22, Los Angeles 5/21/24, [London 6/29/24], [Boston 9/15/24]
  • unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    I bought some GS today.
  • know1know1 Posts: 6,794
    Indian Summer wrote:
    I just bumped up my 401, to max it out. I'll back it off when stuff gets back to normal, but for now, I'm buying all I can!

    That's what you should do, although I really believe it should be maxed out all the time.

    I'm not worried about mine going down now - it's down 30%. It went down 30% about 7 years ago too.

    I'm not taking it out until I retire, so changes now don't make that much difference to me.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • LikeAnOpeningBandForTheSunLikeAnOpeningBandForTheSun Posts: 6,097
    it would suck to be trying to retire right now
  • CosmoCosmo Posts: 12,225
    Mine lost about $100K since it peaked about a year ago. Boy, am I glad I optioned out those stocks when I did.
    But, the loss is not a problem.... it is only on paper and I'm a way's away from getting to retire. I still have enough to pay off my house if needed.
    It's not the loss in the 401K that will keep me working for a while... it is the loss of the medical coverage upon retirement that is keeping me (an a lot of senior workers) from retiring. The longer we hang on to our jobs... the longer you youngsters have to wait to get our jobs.
    Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
    Hail, Hail!!!
  • meisteredermeistereder Posts: 1,577
    MrSmith wrote:
    it would suck to be trying to retire right now


    If you were retiring right now, you'd be a fool to have your money in funds that are high risk. My parents just retired last year, but they have a guaranteed return (basically, they are in cash making like 3.5%).
    San Diego 10/25/00, Mountain View 6/1/03, Santa Barbara 10/28/03, Northwest School 3/18/05, San Diego 7/7/06, Los Angeles 7/9/06, 7/10/06, Honolulu (U2) 12/9/06, Santa Barbara (EV) 4/10/08, Los Angeles (EV) 4/12/08, Hartford 6/27/08, Mansfield 6/28/08, VH1 Rock Honors The Who 7/12/08, Seattle 9/21/09, Universal City 9/30/09, 10/1/09, 10/6/09, 10/7/09, San Diego 10/9/09, Los Angeles (EV) 7/8/11, Santa Barbara (EV) 7/9/11, Chicago 7/19/13, San Diego 11/21/13, Los Angeles 11/23/13, 11/24/13, Oakland 11/26/13, Chicago 8/22/16, Missoula 8/13/18, Boston 9/2/18, Los Angeles 2/25/22 (EV), San Diego 5/3/22, Los Angeles 5/6/22, 5/7/22, Imola 6/25/22, Los Angeles 5/21/24, [London 6/29/24], [Boston 9/15/24]
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