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Old Apr 6, 2008 | 09:15 PM
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Default 401k FTL

I just checked my 401k and found out that I lost everything in it because of hwo the stock market has been going... FAWK!
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Old Apr 6, 2008 | 09:17 PM
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Old Apr 6, 2008 | 09:17 PM
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On the plus side you are buying at a discount now. (If you are still paying in)
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Old Apr 6, 2008 | 09:25 PM
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Originally Posted by Willie
On the plus side you are buying at a discount now. (If you are still paying in)
not in this one. this was from a job that I no longer have. i shoulda rolled it over
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Old Apr 7, 2008 | 07:43 AM
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Everything? I'm guessing you only had a couple of stocks?
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Old Apr 7, 2008 | 07:52 AM
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Originally Posted by DVFlyer
Everything? I'm guessing you only had a couple of stocks?
I had everything spread trhough about 20 different investments instead of it all in one. I wasn't contributing to it for that long. I only had about 3k in there. It was from my job while I was in Arizona which was only a few months
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Old Apr 7, 2008 | 08:07 AM
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just last 3 months, my 401k lost around 15k.. not so good
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Old Apr 7, 2008 | 08:11 AM
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Originally Posted by Apexi350z
just last 3 months, my 401k lost around 15k.. not so good
my brother said he's been losing 1.2 times more than what he's putting into it
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Old Apr 7, 2008 | 09:57 AM
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Originally Posted by Apexi350z
just last 3 months, my 401k lost around 15k.. not so good
Same here. But, whenever it goes back up, I'll be going from this: to this:
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Old Apr 7, 2008 | 10:00 AM
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Originally Posted by dave079
Mine is surprisingly not doing bad right now
+1
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Old Apr 7, 2008 | 10:07 AM
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overall i'm down about 6%, man what did you invest in to have it all tank like that?
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Old Apr 7, 2008 | 04:04 PM
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I'm at a 7% loss right now.Sucks too that might "high interest" savings is @ 3%.
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Old Apr 7, 2008 | 06:57 PM
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when enrolling, there were a list of funds that I can set my investments into. i divided it across the board. Some that were rapid growth and some with slow growth. Oh well, Roth IRA is still good though

Last edited by dvo; Apr 8, 2008 at 07:26 AM.
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Old Apr 7, 2008 | 10:30 PM
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Originally Posted by dave079
My financial advisor calls that a shotgun blast. My wife did that when she first enrolled. Thankfully he looked at it a couple weeks later and told her where he thought it should be at. So far so good.
yea.... It was m first one too. You live and you learn. Go figure
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Old Apr 7, 2008 | 10:37 PM
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I prefer to gamble at the local casinos, if I have no investing clues, or fail to take the time to ask questions or do some research.
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Old Apr 8, 2008 | 06:34 AM
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Just to think Bush wanted to invest Social Security in the stock market.

Last edited by THEDUKE; Apr 8, 2008 at 07:53 AM.
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Old Apr 8, 2008 | 06:35 AM
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Originally Posted by dave079
Mine is surprisingly not doing bad right now
+1 My 401k is not aggressive but the stock portion of it has been dragging me down.
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