Anybody checked their 401Ks this week?

[olhorseman]

We are so diversified we are only down about 5.5% from the first of August. That is still a hefty chunk though as we are both only 9 months from retirement.

It would have been worse but I've been letting about $250k sitting in the bank deciding what to do with it from selling our Indiana home the first of July.

 

[smittygj]

Now down about 11%, and it's still hard to watch the balance go down......

 

[CountryBoy19]

Now down about 11%, and it's still hard to watch the balance go down......

It's never easy to watch the balances go down... but if you continue to buy-in while they are going down the up-swing that comes after the down-swing will be all that much more rewarding...

FWIW, you shouldn't be watching you balances that closely, I check mine every month or so to see if I need to rebalance but that's it...

 

[Expat]

11%.... That means I have lost ... Well enough to have bought a new gun...

 

[patience0830]

I've been completely out of the market since it hit 9000. No worries. Everything is on sale!

 

[Pharaoh]

I've lost about 6% in the last couple weeks.

 

[Mark-DuCo]

Ive lost 9% this quarter.

 

[GodFearinGunTotin]

Down another almost 2% today. The markets must hate Mondays as much as I do.

 

[GodFearinGunTotin]

Market started the day dropping 460pts. The Dow is dancing around 17,000 right now.

 

[Kutnupe14]

Market started the day dropping 460pts. The Dow is dancing around 17,000 right now.

Thanks, I saw the forecasts, and was like "ill just ignore this, because I don't want to know how much money I'm losing," and then you gotta bump this thread!

 

[SSGSAD]

Market started the day dropping 460pts. The Dow is dancing around 17,000 right now.

Down around 16,000 now .....

 

[Kutnupe14]

Well, I'm assuming Iran and Saudi Arabia aren't helping things.

 

[GodFearinGunTotin]

Down around 16,000 now .....

Not quite that bad. Just a second ago, it was at 17,003.

 

[GodFearinGunTotin]

Well, I'm assuming Iran and Saudi Arabia aren't helping things.

I think you're right.

 

[SSGSAD]

Not quite that bad. Just a second ago, it was at 17,003.

Yes, just saw that on noon news .....

 

[SSGSAD]

Dow, closed at 17148 .....

 

[GodFearinGunTotin]

Dow, closed at 17148 .....

Never bounces back up as fast as it drops down, huh?

 

[Doug]

The market is currently over-valued. With interest rates at approximately zero, investors put their money into stocks rather than bonds or savings. As interest rates rise, money will move out of the market and into the bonds, CD's, and savings accounts. This will cause the market to drop.

 

[Sailor]

Meh, my account is up 2% today, rely on yourself not the market.

 

[CHCRandy]

OUCH! Look out below........