I've Lost 18% of my retirement this week!!!
 

Due to the current financial crisis on Wall Street, I looked at my retirement account, as of today I have lost about 18% of it's value this week alone. I am glad that my retirement horizon is far off and have a longer time period to recover.

But I feel sorry for those that are currently seeking to retire or will so soon.

No wonder people are guiled into voting for Obama.

Re: I've Lost 18% of my retirement this week!!!
 

the market is a nightmare right now, i see it trust me, but selling now is a mistake, dt

Re: I've Lost 18% of my retirement this week!!!
 

Mine is up a little.


I bailed out of the market over 6 months ago.

I hope there is a time of recovery for you... or bare minimum... this is the end of your losses...

My confidence is not high for either though.

Re: I've Lost 18% of my retirement this week!!!
 

truth is long term this may be just a bump in the road, but the most important thing is to have a diversified portfolio, that mirrors the risk you are willing to take on my friend, dt

Re: I've Lost 18% of my retirement this week!!!
 

I'm not even looking at mine.

The only good news about this situation is that at the end of each month, when I buy stocks, I get quite a few more for the same investment!

Re: I've Lost 18% of my retirement this week!!!
 

I have lost 20% but I am not worried. I got in at the top of the dot com bubble and I don't expect this "crisis" to be any worse.

Re: I've Lost 18% of my retirement this week!!!
 

dollar cost averaging into the market right now will make up those losses.

Re: I've Lost 18% of my retirement this week!!!
 

That is what I told a co-worker in my office, at least now, I can buy more of the shares at a lower price.

I really do feel sorry for older workers who want to retire and just saw a whole lot of money go bye bye!

Re: I've Lost 18% of my retirement this week!!!
 

Right! But my company match went in a couple of months ago. I would think that right now would be a good time to make the year end IRA or 401K contributions.

Re: I've Lost 18% of my retirement this week!!!
 

right on delta guitar, it is a good time, somewhere here we will find a 4 year bottom and then hopeful, dt

Re: I've Lost 18% of my retirement this week!!!
 

I have a 403(b) and we can only purchase through one company. American Funds, thank God they have no relation to AIG, but according to my broker, they are well run, and highly capitalized, but I imagine they all say that. They only thing I don't like is that it is front loaded.

But hard not take advantage of tax savings of automatic withdrawl of my paycheck.

Re: I've Lost 18% of my retirement this week!!!
 

These loses are a killer. hard for me to make up a 2.5 million loss.





































































I mean if I had that much to lose. LOL

Re: I've Lost 18% of my retirement this week!!!
 

funny truthseeker, i can tell you that if people lose just a few thousand, some of them never get over it, they just dont have the stomach for loss, and dont need to be in the market, dt

Re: I've Lost 18% of my retirement this week!!!
 

I got brave and took a peek at mine yesterday and it was painful. I realize the best thing to do is just sit tight, but I need to diversify some - I have too high a percent in company stock.

I just hate trying to decide what to change it to - low risk - high risk, bonds, international stock, etc. right now.

Re: I've Lost 18% of my retirement this week!!!
 

Just got my statement today and it lost 10% last month ending 9-30-2008

No tellling the hit it's taken this 1st week of Oct

I'm with AG Edwards and I'm in Wachovia Securites.

Am I nervous?? A little.

Re: I've Lost 18% of my retirement this week!!!
 

you really should have very little of your money in your own company stock.

Re: I've Lost 18% of my retirement this week!!!
 

older workers should have been adjusting thier portfolio before they got older.

I know that isnt the nice way to put it, but really there is a forumla that everyone needs to reveiew annually.

Re: I've Lost 18% of my retirement this week!!!
 

Oh for 20Grand to buy financial stocks right now!


I mean some of these guys are down 80% and they really were wise during this mess and are very solid companies.


talk about value in the market...

Re: I've Lost 18% of my retirement this week!!!
 

Make a list of what you would do with the 20 grand and we will track it.

Re: I've Lost 18% of my retirement this week!!!
 

buy 5k of c, bac, jpm, and osk, tell me how much money that is in a year, dt

Re: I've Lost 18% of my retirement this week!!!
 

That would require me researching which financials would be good bets.

i aint got the time. nor the real money..... but aint that kinda what you do? LOL!

Re: I've Lost 18% of my retirement this week!!!
 

I've lost 20% - just painful!

Yep, I have 27% in company stock and need to reduce that to around 10%.

One unforeseen blessing is I exercised some stock options a couple months ago at 56 and our stock is 45 today.

Re: I've Lost 18% of my retirement this week!!!
 

Put it in a mattress.

Re: I've Lost 18% of my retirement this week!!!
 

Isn't what kinda what I do?

Re: I've Lost 18% of my retirement this week!!!
 

With at least some of it in the form of 99.99% silver rounds. :)

Re: I've Lost 18% of my retirement this week!!!
 

Actually, I do appreciate the insight that some of the more "mature" :) ones are giving. At my age, I am still trying to become better versed in some of these things and I really appreciate the conversation and the transparency here.

Re: I've Lost 18% of my retirement this week!!!
 

I'm mature and I'm telling ya - don't put it in your mattress! :dance

Re: I've Lost 18% of my retirement this week!!!
 

Not just the mature ones... but Ferd too. :ursofunny:ursofunny


Just kidding Ferd-man... Just kidding. :)

Re: I've Lost 18% of my retirement this week!!!
 

LOL! I got you mixed up with Divided Thigh... thats what he does....

not you. you raise chickens and make me envious.

by the way, I understand chicken values have not lost anything of late.

Re: I've Lost 18% of my retirement this week!!!
 

you and my three year old.

last week, he looks me right dead in the eye and said "Daddy you a BIG KID!":ursofunny

Re: I've Lost 18% of my retirement this week!!!
 

LOL... Ain't that the truth.

I tell you what you guy should be investing in... MILK.... It is up 100% or so in the last year+.

Milk has outperformed ALL the stocks. :)

Re: I've Lost 18% of my retirement this week!!!
 

I've lost about 25%. Normally, I wouldn't be overly worried about it, as I have 30+ years until retirement, and I also have a portion in CD IRA's that are safe from the market issues.

My biggest concern right now is that before all this happened we filed papers, whereby I agreed to give my soon-to-be-ex a portion of my 401(k). My biggest concern is that when the time comes there won't be enough left.

I hate to sell now and take such a big loss now, but if the balance drops below the amount I have to give, I have serious problems.

Re: I've Lost 18% of my retirement this week!!!
 

I would buy

Ebay
Merck
GE
Microsoft
Apple Computer
Walmart

and a little bit of Gold

Re: I've Lost 18% of my retirement this week!!!
 

You should have agreed to a percentage instead of an amount.

Re: I've Lost 18% of my retirement this week!!!
 

you might want to check GE. I hear not good things.


might be wrong though....

I would be taking a really good look at the financial sector. many of these banks are in great shape or will be in a year or two but have taken a beating on their stocks.

Re: I've Lost 18% of my retirement this week!!!
 

What you're hearing is probably not wrong. The GE factory not far from here is cutting jobs.

Re: I've Lost 18% of my retirement this week!!!
 

Oh, and I just checked fidelity.

I wish I hadn't! I would have been better off not knowing how much we lost......

Re: I've Lost 18% of my retirement this week!!!
 

Its only money! Give it all , give it all, give it all to jesus..................

Re: I've Lost 18% of my retirement this week!!!
 

I'm just glad our hope and trust is not in the systems of this ungodly world ,my trust and confidence is in the One who cannot fail.

Re: I've Lost 18% of my retirement this week!!!
 

Thats right scott, our mansion is still waiting for us!