how much did you lose already?

[*julez* 124]

When I opened my most recent 401K statement I was pleasantly surprised that I actually made some $ - only $463, but still better than posting a loss.

[w¡n9Nµ7 §£@¥€r 123]

When I opened my most recent 401K statement I was pleasantly surprised that I actually made some $ - only $463, but still better than posting a loss.

nice!

[mrsartis 10]

80 thousand and thanking God im still young and can make it back

yeah that's what the parents in law was saying to uis.. they are on the age of retiring and they are losing their retirement money...

[PlatyPius 5]

Bottom line this sucks bad ...

fo shizzle!

I lost my job and my life savings. But go ahead and worry about your mutual funds and stocks.

people worry about what they lost. ####### dude if we all worried about your life savigns we'd all be calling you every freakin' minute to check on you and you'd hate that more wouldn't you.

I don't want anyone worrying about my life savings. However, I know several people here on VJ who have lost their jobs because of this. They're worried about losing their houses and feeding their families, and then they read this and see someone whining about mutual funds and sh!t. Losing investments is one thing - I've lost investment income/potential income before. But when it actually comes down to having to get food from a community food pantry, getting rid of cable, cell phones, landlines, and maybe natural gas, possibly losing your house - THEN you can whine about your losses.

[mrsartis 10]

When I opened my most recent 401K statement I was pleasantly surprised that I actually made some $ - only $463, but still better than posting a loss.

hell good for you nice to know that there are still some people who are are gainging something,..

is USA getting bankrupt?

me want to migrate ....,. anyplace you recommend? i will tell the husband..

[w¡n9Nµ7 §£@¥€r 123]

But when it actually comes down to having to get food from a community food pantry, getting rid of cable, cell phones, landlines, and maybe natural gas, possibly losing your house - THEN you can whine about your losses.

It's my party and I'll whine if I want to!

[Jenn! 918]

Have you all stopped contributing to your 401K's? I'm wondering if I should. I seem to be losing about $100 a week, so I'm pretty much replacing what I'm losing.

[*julez* 124]

Have you all stopped contributing to your 401K's? I'm wondering if I should. I seem to be losing about $100 a week, so I'm pretty much replacing what I'm losing.

All the so-called experts say to keep investing, that the markets will rebound in time.

[Ban Hammer 13,345]

But when it actually comes down to having to get food from a community food pantry, getting rid of cable, cell phones, landlines, and maybe natural gas, possibly losing your house - THEN you can whine about your losses.

It's my party and I'll whine if I want to!

you're missing the big picture. platy does have compassion!

[w¡n9Nµ7 §£@¥€r 123]

Have you all stopped contributing to your 401K's?

I reduced my 401k % to the min required to get the employer match. The monies are all used to buy equities/funds anyway so even if you "lose" on paper now you still hold on to the securities, most of which should appreciate in our lifetimes.

I have, however, stopped the mortgage pre-pay.

[Jenn! 918]

Have you all stopped contributing to your 401K's? I'm wondering if I should. I seem to be losing about $100 a week, so I'm pretty much replacing what I'm losing.

All the so-called experts say to keep investing, that the markets will rebound in time.

It makes sense. It's just depressing to feel like you're throwing money away, but I know that's not the right way to look at it.

[w¡n9Nµ7 §£@¥€r 123]

you're missing the big picture. platy does have compassion!

platy's a good guy

[mrsartis 10]

im not worried, im frantic! exasperated.. we are losing but who are winning??? i cant lose my house yet coz, we dont have one.. we are only renting...

[mawilson 2,133]

we are advised to let the investment stay in there because when we withdraw them that's the time that we are really going to lose..

That's terrible advice.

It's just as easy to reinvest the money back into mutual funds as it is to withdraw it.

I pulled my 401(k) funds back in June after losing about 15-20%. If I hadn't done

that I would have lost another 30% by now.

Here's what I said back then:

I think the Dow and S&P500 are going to sink even lower... investors are selling

out of equity funds big time - especially U.S.-based equity funds.

...

Last week I finally decided to bite the bullet and move all the equity-based

funds in my IRAs and 401(k)s to safe money-market funds until further notice.

It was a nice rally (March-June), but unfortunately it now seems to be over.

[Ban Hammer 13,345]

we are advised to let the investment stay in there because when we withdraw them that's the time that we are really going to lose..

That's terrible advice.

It's just as easy to reinvest the money back into mutual funds as it is to withdraw it.

I pulled my 401(k) funds back in June after losing about 15-20%. If I hadn't done

that I would have lost another 30% by now.

Here's what I said back then:

I think the Dow and S&P500 are going to sink even lower... investors are selling

out of equity funds big time - especially U.S.-based equity funds.

...

Last week I finally decided to bite the bullet and move all the equity-based

funds in my IRAs and 401(k)s to safe money-market funds until further notice.

It was a nice rally (March-June), but unfortunately it now seems to be over.

don'tcha just hate it when mawilson is right?