Over the last 3 years I have lost 49% of the value of my savings.
Just got my 401k statement :S
by Elsewhere 39 Replies latest jw friends
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free2think
Oh man that sucks. Soz Elsewhere.
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watson
Sorry to hear that. I feel your pain.
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Priest73
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
I lost 25% of mine last quarter alone!
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crapola
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
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
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
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!
I'm only down about 48%. You just don't know how to invest.