Home› All Encompassing Trip

Hellacious week on Wall Street

IgivesuchgoodparadymIgivesuchgoodparadym Posts: 924
edited October 2008 in All Encompassing Trip
Don't check the Dow today. :(
model role model
Post edited by Unknown User on

Comments

  • Steve DunneSteve Dunne Posts: 4,965
    ugh. my return this year alone is -22%. -22. an account i had from years ago has lost me 2K already.

    (it will turn, it will turn, it will turn...)
    I love to turn you on
  • Slip KidSlip Kid Posts: 1,175
    it's only going to get worse
    I just don't trust anything that bleeds for five days and doesn't die.
  • IgivesuchgoodparadymIgivesuchgoodparadym Posts: 924
    they say you'll be able to buy stock cheaper, but if your 401 balance has almost nothing left, it's like you're starting over.
    model role model
  • know1know1 Posts: 6,794
    I've "lost" about $40K from my retirement funds this year. I use the quotes because, since I have a long time to go until I retire, it's not really lost money until I cash it out. I still have the same number of shares in the mutual funds.
    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.
  • mammasanmammasan Posts: 5,656
    know1 wrote:
    I've "lost" about $40K from my retirement funds this year. I use the quotes because, since I have a long time to go until I retire, it's not really lost money until I cash it out. I still have the same number of shares in the mutual funds.


    I don't know how you can stay so optimistic. I lost about $25,000 this year, between 401K, mutual funds and stock, and I am fuming.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • IgivesuchgoodparadymIgivesuchgoodparadym Posts: 924
    any safe investments out there?
    model role model
  • mammasanmammasan Posts: 5,656
    Igivesuchgoodparadym wrote:
    any safe investments out there?

    I have put some money in CDs. The last CDs I purchase had a 5.5% interest rate and they are insured through FDIC so they are pretty safe.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • celebrationcelebration Posts: 318
    my shit is locked in till i get to "that" age

    bastards

    ya i lost money and im goin drinkin. gonna get me summa that good stuff

    damn
    ########################
    Celebration, the ball's in play
  • drivingrldrivingrl Posts: 1,448
    mammasan wrote:
    I have put some money in CDs. The last CDs I purchase had a 5.5% interest rate and they are insured through FDIC so they are pretty safe.

    That, and gold. :D
    drivingrl: "Will I ever get to meet Gwen Stefani?"
    kevinbeetle: "Yes. When her career washes up and her and Gavin move to Galveston, you will meet her at Hot Topic shopping for a Japanese cheerleader outfit.

    Next!"
  • MudfestMudfest Posts: 1,025
    know1 wrote:
    I've "lost" about $40K from my retirement funds this year. I use the quotes because, since I have a long time to go until I retire, it's not really lost money until I cash it out. I still have the same number of shares in the mutual funds.

    Same here ...it does hurt doesnt it !!!

    M
    ===
    "OH Canada...You are so Beautiful when you are Drunk." Eddie
    1993-08-14 Gimli Mb Motorsport Park
    03-05-30 Vanc;05-09-08 Wpg
    05-09-07 Sask Sk;05-09-04 Calg
    05-09-05 Edm Alb;05-09-02 Vanc
    06-07-02/ 03 Denver 1 + 2;06-10-21/22 Bridge 1 +2
    4/3 + 4/2/08 Vanc Vedder ; 6/24+25 MSG /Toronto 09/buffalo 10/EV Chic 1-2
  • small town becksmall town beck Posts: 6,691
    I got my rrsp statement in the mail today :eek: Good thing I am not planning on retiring anytime soon. I am on the Freedom 85 plan it seems :o
  • stylo17stylo17 Posts: 1,001
    it's been terrible, atrocious, disastrous, epic, cataclysmic, etc. and I don't even have stocks, a 401(k), mutual funds or anything. I only have a savings account with ING, and I'm even thinking about pulling that out. the future doesn't look good for young people like me.
    6/11/08 WPB


    ♬♪♫ and I will not, grow tired of crayon stars and fire

    ♬♪♫ cause a soldier's death is so much better than defeat just hanging around
  • stevieraveonstevieraveon Posts: 413
    I've lost $40k in the last 2 months in my 401k.

    I'm going to Vegas tomorrow....at least if I lose I have some understanding of why I lost.
    Bob Loblaw's Law Blog: "Why should YOU go to jail for a crime someone else noticed?"
Sign In or Register to comment.