How much has your net worth decreased due to the economic changes?

[AreaCode7O7]

Just curious in percentage terms. I know people who've been anywhere from 2% to 60%.

 

[Red Dawn]

Originally posted by: AreaCode707
Just curious in percentage terms. I know people who've been anywhere from 2% to 60%.

A little but we paid off all our outstanding debts when the first signs of th economy was going south so we are actually very comfortable, well relatively speaking.

 

[StageLeft]

About flat. I'm fairly young so the retirement that was nailed has fought some of its drop by continued investing, and we have more in savings, owe less on the car loan, etc.

 

[Brainonska511]

I've "lost" some money (index funds and Roth IRA), but it's all unrealized. It sucks to look at where my accounts currently stand, but I won't be retiring for at least 40 years, so I look at this as a time to buy funds cheap and thus invest as much as I can spare.

 

[AFMatt]

My TSP account took a huge dump but I'm not too worried. I have about 6 years until I plan on retiring and moving on to a new career, where I will work 20 or so years before I really "retire". Hopefully it will regain some ground by then...

 

[desy]

Its down 40% if

 

[Schadenfroh]

My personal stock value is down ~15%. Have not sold any, though.
The stock dividends have remained the same... thankfully (currently paying for my education) and hopefully it will remain the same.

 

[TheSlamma]

I had all my money in low yield save accounts on my works retirement with principal.. so I'm still up 1.7% there. My wife and I have zero credit card bills and zero car payments.. our only bill is the mortgage. In May it was at $95,000.. now it's down to $71,500. I'll have it paid off late 2009 or early 2010.. no later then May 2010.

 

[Slew Foot]

Ive increased my net worth by 75% or so. Shorting the market and getting a fat raise at work.

 

[skyking]

probably lost around 2% in the market itself, and maybe another 2% due to real estate losing value.

 

[miketheidiot]

mid 2007 i was at probably about 16-18k (im in college still ), right now, i think i'm at 7k. Most of my emerging market crap (about 50% of my investments) were annihilated.

 

[TallBill]

My net worth is down about 80%. My investments alone used to double what I carry in debt (car and student loan @2.5%), but now my investments are down %40.

 

[beyoku]

60%

 

[mugs]

I'm honestly not sure. Most of my net worth is in my house, which hasn't changed much in value since I bought it 6 months ago. Prior to that all of the money that went into the house was in savings accounts, so there was no loss prior to buying the house. Figuring the house didn't change in value and our 401ks, IRAs and non-retirement investment accounts dropped substantially, we're probably down ~20% overall.

 

[heyheybooboo]

Originally posted by: Red Dawn

Originally posted by: AreaCode707
Just curious in percentage terms. I know people who've been anywhere from 2% to 60%.

A little but we paid off all our outstanding debts when the first signs of th economy was going sour so we are actually very comfortable, well relatively speaking.

Fixed.

 

[bamx2]

About even because of shorting 2x ETFs. However, I am in the midst of closing my civil and environmental engineering firm and now looking for a job which I said that I would never do when I left my last employer and stated my business 16 years ago (ROFL ) .

 

[Stunt]

I have just over $40,000 invested and it's worth $23,000 right now.
Portfolio is yielding 6% though and no dividend cuts from any investments.

I've been averaging down on some beat up Canadian large caps, nibbling at the S&P500 with money left over after expenses ($2,000 a month)

 

[blackangst1]

Originally posted by: Brainonska511
I've "lost" some money (index funds and Roth IRA), but it's all unrealized. It sucks to look at where my accounts currently stand, but I won't be retiring for at least 40 years, so I look at this as a time to buy funds cheap and thus invest as much as I can spare.

Im in the same boat, although 15 years to retire or so. Actually 3rd quarter Ive moved 20% of my cash into stocks and dont regret it a bit. I love sales

 

[Farang]

I went from broke to broke without any prospects

 

[russki]

I cashed out my 401k about 2 months ago and I'm glad I did... we're talking about a measely couple grand, but I ended up making 15% or so after taxes, etc.

I did triple my salary by getting a new job though, so that really helps..

 

[PrinceofWands]

0. Only people who are invested are affected by market changes (except in things like costs of goods of course).

 

[kranky]

About 15%.

 

[CADsortaGUY]

Originally posted by: PrinceofWands
0. Only people who are invested are affected by market changes (except in things like costs of goods of course).

Or home owners since net worth includes your assets.

Mine probably lowered a tad but it really doesn't matter since little of my "net worth" was liquid anyway so it's not like I see it. 401K - yeah, it's down a bit but it's all paper money anyway until I get close to taking it out. House, probably lost some value in the last year but it's still worth way more than I paid for it 3 years ago.

 

[JS80]

up ~50%. Still net debt haha...

 

[brencat]

About 30% unrealized (401k) -- due to 30% international large cap & emerging markets exposure + worthless Lehman Bros matching stock