I lost $10k in my 401K in the last 2 weeks, LOL

[ichy]

Young people that freak out when their 401k drops are the reason we still need social security....seriously, a one day drop in stocks 40 years before retirement couldn't possibly mean less to your 401k.

Agreed. I just look at this as an opportunity to buy cheap stocks.

 

[Renob]

5k in the last week...

 

[boomhower]

Down about 18% in mine this week. Overall for the last couple years considering what the market has been doing they have been doing a pretty good job so I'm not sweating it. I am pretty hamstringed with mine as the state essentially creates their own mutual funds and that's all we have to choose from, nothing that's on the market just their stuff. But, they have been doing an overall decent job so I'm not sweating. Plus at around 26 years to my earliest retirement date I have a little time to say the least.

 

[Ns1]

I was up 3% on the year (bonds/cap preservation), moved my cap. preservation money into stocks yesterday.

 

[BlahBlahYouToo]

Timing the markets is a recipe for failure. Anyone who thinks that they can "pull out" at the right time is a fool.

well, i would've been pretty successful at timing the downfall had i pulled out a month ago when i was thinking about doing so.

 

[yh125d]

If I had thought to a month ago, could I have phoned our IRA account manager and have him sell all my stock and leave it liquid, then now it's gone way down, tell him to buy a bunch as he sees fit?


I mean I know I have some input, but does it work that way?

 

[GotIssues]

well, i would've been pretty successful at timing the downfall had i pulled out a month ago when i was thinking about doing so.

Only because you now know the outcome.

Had the market jumped 25%, your post would have talked about how you are glad you listened to your gut and didn't cash out.

 

[FelixDeCat]

Pfft. Chickenfeed. I got that in my back pocket right now. In fact, Im typing this at a fancy restaurant eating a $250 meal all by myself.

And since this is ATOT I'm not leaving a tip.

 

[PeeluckyDuckee]

My gut instinct was not holy crap how much did I lose I should cash out NOW, it's holy crap what a great sale where the hell's all my coins from under the couch I need to buy more NOW!!!!

What you do lose is immediate access to those funds, that is all if nothing else has changed fundamentally in your equity holdings.

I'm only down 13%, not sweating it at all.

 

[Scarpozzi]

My biggest account lost $5,000. I went ahead and pulled my most risk averse mutual funds out as of close of markets today.... (only $4-5k total) They'll be transferred right back into the world markets tomorrow.

I figure...if the world funds lost 10-20% over the past few week, now's a good time to switch the funds that didn't see those kinds of losses and put them in something that might see some real gains by January...then I can rebalance the portfolio if this stuff ever blows over.

 

[ViviTheMage]

Glad I am far from retirement, haha.

 

[dr150]

I knew I should've pulled out as soon as I heard about the debt ceiling crisis.
It's a good thing I have 40+ years until retirement.

If you think that's bad, look how much this guy lost:

http://community.nasdaq.com/News/20...d-week-carlos-slim-lost-8b.aspx?storyid=89169

 

[SlowSpyder]

If you think that's bad, look how much this guy lost:

http://community.nasdaq.com/News/20...d-week-carlos-slim-lost-8b.aspx?storyid=89169

I lost about $4500. He lost about $8 billion. And I'd still trade places with him.

 

[BlahBlahYouToo]

I lost about $4500. He lost about $8 billion. And I'd still trade places with him.

i wouldn't. fat, old, ugly and he lives in mexico.

 

[shadow9d9]

Only percentage tells us anything.

I lost pretty much nothing last week, yesterday lost 5% at the low(4% at the close) and today I was up about 6% total.

 

[SagaLore]

Weird, I just gained $4.3mil in my 401k.

bye guys, I'm retiring now

 

[Engineer]

I lost $12,000+ yesterday. $36,000 over the last few weeks. Haven't looked yet today.

Edit: That's with 1/3 of the portfolio in bond funds.

 

[FelixDeCat]

i wouldn't. fat, old, ugly and he lives in mexico.

Dont be jealous.

 

[jupiter57]

I knew I should've pulled out as soon as I heard about the debt ceiling crisis.
It's a good thing I have 40+ years until retirement.

Since when did High Schools start 401k plans?

OP always post grown up crap like this.

 

[her209]

I lost $12,000+ yesterday. $36,000 over the last few weeks. Haven't looked yet today.

Edit: That's with 1/3 of the portfolio in bond funds.

Ouch. I have 25% in PIMCO.

 

[alkemyst]

I took a $2.11 hit per share yesterday and a $1.41 gain today. Still sucks.

 

[Fritzo]

Yeah, I'm down $10K too, but most of it came back today.

 

[Engineer]

Ouch.

Strangely, my bond funds are the ones that dropped the most without recovering.

Up $7,500+ today.

 

[Imdmn04]

You didn't lose or make any money until you cash out your 401k.

You have 40 years to go, you are gonna see some pretty wild swings in the next 40 years in the stock market. What happened in the last 2 weeks is nothing but a tick in the grand scheme of things.

 

[Engineer]

You didn't lose or make any money until you cash out your 401k.

You have 40 years to go, you are gonna see some pretty wild swings in the next 40 years in the stock market. What happened in the last 2 weeks is nothing but a tick in the grand scheme of things.

Some of us don't have anywhere near that time. People have to understand that it's not just "about them" and "about their time frame".

Edit: If you're talking specifically about the OP, then I withdraw my statement as it seemed as a general statement toward us all.