Just got my 401k statement :S

by Elsewhere 16 years ago 39 Replies latest 16 years ago jw friends

Elsewhere 16 years ago

Over the last 3 years I have lost 49% of the value of my savings.

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free2think 16 years ago

Oh man that sucks. Soz Elsewhere.

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watson 16 years ago

Sorry to hear that. I feel your pain.

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Priest73 16 years ago

word. I maxed mine out last year complete with emp match, and I have less now that when I started last year. shit.
It's a C-O-N-spriracy I tells ya.

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jeeprube 16 years ago

I lost 25% of mine last quarter alone!

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crapola 16 years ago

It's the same with my husband's 401k. We have lost at least a quarter of it. Makes you wonder sometimes what is the point in trying to save for retirement.

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drwtsn32 16 years ago

Yeah, mine's down about 50% too. Sucks. But we're still young, so we have time for the market to recover. Don't switch to a conservative investment type now; you already got all the losses. If you switch you won't gain when the market bounces back. Of course that assumes the market is near the bottom and it will bounce back. lol

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truthsetsonefree 16 years ago

Sorry to hear that. Is it like mine where there are reduced risk options like bond or T-Bill funds?
Isaac

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jamiebowers 16 years ago

My husband's 401K is down 40%, and he's supposed to retire in about 6 1/2 years. Hopefully Armageddon will arrive by then (LOL).

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I quit! 16 years ago

I'm only down about 48%. You just don't know how to invest.

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