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