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401K

Posted: Wed Jan 23, 2008 10:31 pm
by mattash
How is everyone doing?

I have lost over 1k since Jan 1

Posted: Wed Jan 23, 2008 11:42 pm
by PointerFan02
I haven't looked at mine ... Maybe I should!! :roll:

Re: 401K

Posted: Thu Jan 24, 2008 6:15 am
by Manwithplan
mattash wrote:How is everyone doing?

I have lost over 1k since Jan 1



You have faired better than me. I have lost over 3k. :(

Posted: Thu Jan 24, 2008 9:29 am
by someoverkill
Good job on the Bear fund Tobias. You have been buying cheap shares for about 10 years now. It is good to see that fund finally get some positive returns.

Posted: Thu Jan 24, 2008 10:00 am
by Frank Reagan
I don't know since the first of the year, but my wife has lost a ton since her 401k topped out 4th quarter last year. If it were only 1k, I'd do back flips. It is really depressing. I guess if you go with the two money gurus that I listen to; you shouldn't worry if you have the stomach for it. If you still have 10, 20 or even 30 years left to put in the 401k, you will be ok. Cram money in now, buy low, lowering your cost basis and you will reap the benefits later in life and then when you get closer to retirement, adjust the stocks and funds in your portfolio to safer return areas.

Posted: Thu Jan 24, 2008 10:49 am
by ManitouDan
count me in the "afriad to look" crowd. MD the answer is alot.

Posted: Thu Jan 24, 2008 10:52 am
by ManitouDan
Tobias --maybe the indigestion from the market will help the weight loss ! MD

Posted: Thu Jan 24, 2008 10:56 am
by Sweet Pea
8k since the end of December.. :oops:

Posted: Thu Jan 24, 2008 11:55 am
by Joe Strummer
"So, Focker, how's your portfolio?"

".....Strong, .....I'd have to say strong..."

Posted: Thu Jan 24, 2008 1:06 pm
by ManitouDan
nothin' like double digit gains. MD as long as it is'nt in pounds

Posted: Thu Jan 24, 2008 1:33 pm
by someoverkill
Sell BEARX now and you have a tremendous gain. You would be a fat cat indeed. 1.36% positive return is not great over a 10 year period, but if you get out on a 10% run, you would be served well.

Posted: Thu Jan 24, 2008 6:23 pm
by mattash
Went back up 100.00