my 401K mutual funds are taking a beating.

[Legend]

Originally posted by: thomsbrain

Originally posted by: Citrix

Originally posted by: kranky
December was a bad choice. I checked and the S&P 500 is at the same level now (after today's trading) as it was in mid-November. Nasdaq now is where it was in early November.

That's really not a meltdown.

so what happens if there is a meltdown and stocks like mine keep going down. one of my funds 2 weeks ago was going for 48.00 a share and today its going for 45.00 a share. what if it keeps going down to say 30.00 a share all my money would pretty much be gone. not much of a retirement if that happens.

look at it this way. in the long run, it will be back up. in the meantime, every dollar you put in while the price is low is worth more once the share price climbs back up.

Stop being logical.

Sell now and secure your losses!