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

[jingramm]

+600 today in my 401k

 

[cardiac]

I'm sure those in their 40s and 50s could share their depressing 6-digit losses in the last two weeks...for those of us in our 20s, this is irrelevant.

I'll have to post my graph when I get home though, it is pretty depressing. I think mine was down something like $1.7k (buoyed by several holdings not dumping quite as far as the broad market) since three weeks ago.

So far it has been in the low 5 figures. I'm in my 50's but don't plan to retire for about 10 years, so I'm not gonna sweat it.

 

[Jeff7]

And I suppose I should really look at my 401k statements and figure out what the heck it all means. :\
I do know that my employer gives a 50% match on the first 4% of my pay, so I went with that. Free money, sort of.

Investment genius....not here.

 

[Scouzer]

What a bunch of fools. I doubled my RRSP (ala 401k) today. What a great time to be buying.

 

[KingstonU]

F**k I hate having a job where I don't have internet access for days on end at times like these!!! :hmm:

 

[FelixDeCat]

F**k I hate having a job where I don't have internet access for days on end at times like these!!! :hmm:

smartphone

 

[duragezic]

I think earlier this year my total 401k was closing in on $10k. Pretty bad but I'm working on it.

As I'm in my 20s, seeing the stock market jump big or cash out big doesn't make me think about my 401k at all. More just an indicator of economic forecast and volatility. So I see no reason to change my allocation and amounts.

 

[Imp]

smartphone

Ya, going to be $40/moth compared to $10/month, but I guess I could count it as a "hobby" expense.

 

[Pliablemoose]

You guys need to just pump $ into those 401K's and not check them every day...

 

[KingstonU]

smartphone

Hundreds of miles from anywhere with a phone signal.

 

[MemoryInAGarden]

Down 6.25% YTD. Probably not that bad overall. Over last 12 months still up 7.6% even with this week's bloodbath

 

[yh125d]

down 15% YTD, luckily thats only like $65 since it started this year and for some reason my contributions are delayed like 3 months

 

[rcpratt]

You guys need to just pump $ into those 401K's and not check them every day...

Or we could pump $ into them and check them every day and be informed.

 

[Net]

I wouldn't ever take it out. You can consider reallocating.

Now is a good time to increase contributions. The market is so finicky, driven by peoples emotions and other things that are hard to quantify. If people are in panic and your scared to buy then its a good time to buy.

 

[Ryland]

Down $30,000 in the last couple of weeks. Crudzilla...Thanks for making me look ATOT.

 

[Red Squirrel]

I didn't lose anything because I did not take anything out.

 

[Rudee]

What a bunch of fools. I doubled my RRSP (ala 401k) today. What a great time to be buying.

Apparently not, seeing as though the DOW tanked again today.

 

[PeeluckyDuckee]

The stock I'm in itself has been up 23% since its low of 2 days ago. I was up 60% only 3 months ago riding the wave up in call options. Lost half of that and went back to good old stocks to save my ass back up to now where I am overall still up 33%. Not bad to how the Dow performed thus far this year.

Dow gave up all the gains from yesterday, ugh.

 

[her209]

Since the S&P downgrade, my 401k is down 1.2%....

 

[Engineer]

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

Up $7,500+ today.

Since then, it was went down about $6,000, up about $5,500 and then up another $2,500 (all day swings).

Down about $28,000 from the peak of this year.

 

[Fingolfin269]

Or we could pump $ into them and check them every day and be informed.

That's a good way to go crazy. I looked at it over the last week just to get a laugh but considering I'm not going to touch any of that money for at least 25 years it is really quite insignificant at this point.

 

[TXHokie]

Last time I checked, I was up 5.x% for the year and I was
Now this thread made me look and I'm down -3.6%, and I am
...and I'm working today.

 

[rcpratt]

That's a good way to go crazy. I looked at it over the last week just to get a laugh but considering I'm not going to touch any of that money for at least 25 years it is really quite insignificant at this point.

I dunno, doesn't drive me crazy. I just like to look at it and know.

 

[T2urtle]

Before this month, I was up about 3-4% and as of Tuesday MID-DAY I was down -11% Ytd. Checked it Friday and its -4% YTD. good thing was I didn't pull 25% out Tuesday.

I did put more into my Roth yesterday. Hopefully that will prove to be a good idea in 6 months

Sent from my Nexus One

 

[Doppel]

Psssst, you never had that 10k.

All you peeps freaking I guess you don't realize, or maybe don't believe, the statistics that clearly tell the story that the more you fvck with your 401k as a result of panic the worse over time you'll do. STOP DOING THAT.

This week is a great example of why not to dick around. I guarantee a lot of people on that second crash day pulled out at the end of the day when their retirement mutual fund trades kick in and yet the week only ended about 120 points down or so. So it's down 1% but if they had panicked on that day they'd be down 5%.

I think the market is heading down for now but I don't know, it's a guess I pulled literally out of my ass just like every single professional trader out there who also pulls predictions out of their ass. The difference is I don't charge for that. And if it does go down and really crashes it will pop up again so if anything it's time to buy more stocks.