• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

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

Page 2 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
Deeko said:
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.
Click to expand...

Agreed. I just look at this as an opportunity to buy cheap stocks.
 
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.
 
I was up 3% on the year (bonds/cap preservation), moved my cap. preservation money into stocks yesterday.
 
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?
 
BlahBlahYouToo said:
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.
Click to expand...

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.
 
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. :colbert:
 
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.
 
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.
 
BlahBlahYouToo said:
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.
🙁
Click to expand...

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

831981-0-20110805113624.jpeg
 
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.
 
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.
 
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.
 
Imdmn04 said:
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.
Click to expand...

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.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top