I've Lost 18% of my retirement this week!!!

[Pastor Keith]

I have a 403(b) and we can only purchase through one company. American Funds, thank God they have no relation to AIG, but according to my broker, they are well run, and highly capitalized, but I imagine they all say that. They only thing I don't like is that it is front loaded.

But hard not take advantage of tax savings of automatic withdrawl of my paycheck.

[Truthseeker]

These loses are a killer. hard for me to make up a 2.5 million loss.





































































I mean if I had that much to lose. LOL

[DividedThigh]

funny truthseeker, i can tell you that if people lose just a few thousand, some of them never get over it, they just dont have the stomach for loss, and dont need to be in the market, dt

[rgcraig]

I got brave and took a peek at mine yesterday and it was painful. I realize the best thing to do is just sit tight, but I need to diversify some - I have too high a percent in company stock.

I just hate trying to decide what to change it to - low risk - high risk, bonds, international stock, etc. right now.

[freeatlast]

Just got my statement today and it lost 10% last month ending 9-30-2008

No tellling the hit it's taken this 1st week of Oct

I'm with AG Edwards and I'm in Wachovia Securites.

Am I nervous?? A little.

[Ferd]

Originally Posted by rgcraig

I got brave and took a peek at mine yesterday and it was painful. I realize the best thing to do is just sit tight, but I need to diversify some - I have too high a percent in company stock.

I just hate trying to decide what to change it to - low risk - high risk, bonds, international stock, etc. right now.

you really should have very little of your money in your own company stock.

[Ferd]

Originally Posted by keith4him

That is what I told a co-worker in my office, at least now, I can buy more of the shares at a lower price.

I really do feel sorry for older workers who want to retire and just saw a whole lot of money go bye bye!

older workers should have been adjusting thier portfolio before they got older.

I know that isnt the nice way to put it, but really there is a forumla that everyone needs to reveiew annually.

[Ferd]

Originally Posted by DividedThigh

right on delta guitar, it is a good time, somewhere here we will find a 4 year bottom and then hopeful, dt

Oh for 20Grand to buy financial stocks right now!


I mean some of these guys are down 80% and they really were wise during this mess and are very solid companies.


talk about value in the market...

[Digging4Truth]

Originally Posted by Ferd

Oh for 20Grand to buy financial stocks right now!


I mean some of these guys are down 80% and they really were wise during this mess and are very solid companies.


talk about value in the market...

Make a list of what you would do with the 20 grand and we will track it.

[DividedThigh]

buy 5k of c, bac, jpm, and osk, tell me how much money that is in a year, dt