401k

**ztrouble** · 10-10-2008, 03:23 PM

So yeah my 401K sucks now.... watched it lose a little over 10k in the past week. I work in the insurance industry (not AIG) and this really blows, but I'm assuming just like every other time the market has fallen that it will come back up.

Anyone have any educated thoughts on this?

**Kennedy** · 10-10-2008, 03:43 PM

What goes down, must go up.

Unless you really have to, don't sell now. You're going to see this happen more than once before you hit 59 and a half.

**Smkn_TA** · 10-10-2008, 03:51 PM

Can you move your shit around or is some of it manditory invested in your own company like I got?

I have 15% of mine go into high risk/high reward stocks and I've lost over a grand myself. You're only 21 though don't worry about it.

**whoa guy** · 10-10-2008, 03:53 PM

yeah.. it sucks. i put most of my money into money markets last month. saw it take a $15K dump in just a few day last week and moved the rest in money markets. sad times. i feel for lose who really lost bigtime....

**ztrouble** · 10-10-2008, 04:01 PM

Originally Posted by Smkn_TA

Can you move your shit around or is some of it manditory invested in your own company like I got?

I have 15% of mine go into high risk/high reward stocks and I've lost over a grand myself. You're only 21 though don't worry about it.

I'm required to keep some of mine in my company... for the last 30 years it has performed well.... According to a state of the company address we are financially stable and not in danger of being bought out, it's just the fact that the whole market is taking a shit

**Smkn_TA** · 10-17-2008, 07:50 AM

GRR, not to bump an old thread, but just got my 401k statement today...lost in every fucking one except metlife stable value. -12.40% Return rate for the statement period. Like four months I think. Jesus f-ing christ. At this rate I'd be better off depositing into a savings account.

**Nhra Firebird** · 10-17-2008, 09:01 AM

Originally Posted by ztrouble

So yeah my 401K sucks now.... watched it lose a little over 10k in the past week. I work in the insurance industry (not AIG) and this really blows, but I'm assuming just like every other time the market has fallen that it will come back up.

Anyone have any educated thoughts on this?

I don't look at it as losing money... I look at it as buying more shares for the money, because the price is low.

**Spaz** · 10-17-2008, 09:02 AM

mine dropped 32%... fuck...

**tonyjnjz** · 10-17-2008, 09:06 AM

i refuse to look at mine till the market comes back up to normal

**00 formula** · 10-17-2008, 09:37 AM

If you keep the money invested it will eventually come back up, 401 is not a short term investment and should not be looked at as such. However, if you lost money, then move everything to a low risk/ low return fund....you will not get back the money that you lost. You'll essentially end up buying high and selling low as opposed to riding it out.

**Nhra Firebird** · 10-17-2008, 10:02 AM

Originally Posted by 00 formula

If you keep the money invested it will eventually come back up, 401 is not a short term investment and should not be looked at as such. However, if you lost money, then move everything to a low risk/ low return fund....you will not get back the money that you lost. You'll essentially end up buying high and selling low as opposed to riding it out.

now is a great time to buy

**00 formula** · 10-17-2008, 10:27 AM

Originally Posted by Nhra Firebird

now is a great time to buy

Agreed, the hard part is figuring out what to buy.

**0rion** · 10-17-2008, 11:04 AM

Originally Posted by Nhra Firebird

I don't look at it as losing money... I look at it as buying more shares for the money, because the price is low.

there's the voice of reason. You guys are young.....it'll come back long before you retire and you'll be sitting pretty because right now you're buying more for your money. Just ride it out. Now if you were 60 like a buddy of mine is you'd be sweating a little right now.....he's lost a ton out of his 401 and was going to retire in 2 years. Probably not going to happen right now just due to the money he's down.

**FSANE** · 10-17-2008, 11:30 AM

My 403b Flunked.....i hope it bounces back up.

**gonzo99ta** · 10-17-2008, 01:43 PM

unless all your money is about to completely disapear, like funds going bankrupt, there is no reason to sell. thay will eventually come back up again. Like other said it is a long term investment. I've stopped looking at mine, mostly because it pisses me off to see them go down day after day. Although as long as i don't sell now at a low price then i really have not lost anything. it's all paper value until you have to sell it. I still have a few years until i retire, so plenty of time for it to rebound and go higher yet. And what i'm still buying now will be worth that much more when it goes up.
Just like the houseing market, if you don't need to sell now, why sell at todays reduced prices.