NoQuarter Posted October 16, 2008 Share Posted October 16, 2008 For those brave enough to tell or still paying attention to it...in percentage terms, how much of your investments/retirement vehicles did you lose during this "market correction"? 30%. Only money. :'( Quote Link to comment Share on other sites More sharing options...
Cpl Ledanek Posted October 16, 2008 Share Posted October 16, 2008 I lost some too...but I look at this way...there are more people who cannot afford to invest towards their retirement, and are now facing $2,700/tax-payer responsibility... let's try to be constructive with this thread...since it may lean towards politics... my understanding is that its a safer bet for the next couple of years to invest in Bonds. my employer and myself can only afford to invest with Fidelity Investments...there are two mutual funds I'm leaning to. i'm still waiting for my appointment, and hopefully learn a thing or two and may share it here. what say you? Quote Link to comment Share on other sites More sharing options...
firefly2442 Posted October 16, 2008 Share Posted October 16, 2008 Govt. Bonds or CDs(not the musical kind, ) are usually a fairly safe bet in bad economic conditions aren't they? Quote Link to comment Share on other sites More sharing options...
Ruin Posted October 16, 2008 Share Posted October 16, 2008 Yes, but because they're low-risk, they're also low yield. Remember... you only lose if you sell. We WILL bounce back. No assets on the market, so it didn't matter to me. People I know have lost some, but you accept the risk with stocks and only sell when you're prepared to. Sure wish I had had money to invest with a week ago though... wow. Quote Link to comment Share on other sites More sharing options...
Parabellum Posted October 16, 2008 Share Posted October 16, 2008 We don't have any stocks, and we only have one annuity. If we lost any, it wasn't much. Slightly OT, my parents used to own stock in Berkshire-Hathaway. They had to sell their stock about 25 years ago to help pay for some of my dad's medical bills. B-H stock is now worth six digits. Quote Link to comment Share on other sites More sharing options...
Cpl Ledanek Posted October 17, 2008 Share Posted October 17, 2008 I missed out on Campbell soup stock before Katrina and this recession....it was $8/share....now $38/share...comfort food during these hard times. Quote Link to comment Share on other sites More sharing options...
Forrester Posted October 17, 2008 Share Posted October 17, 2008 I lost some.... but my investments in funds are long term so I'm not that worried, my bank is though.... Quote Link to comment Share on other sites More sharing options...
ROCO*AFZ* Posted October 17, 2008 Share Posted October 17, 2008 0.00 For once i'm glad i don't have any retirement nor investments. (was just looking into some ira options when everything went to crap) I'm also debt free as if last week paying my truck off and my wife's student loan. I rent though... but am looking at the market to see if something nice pops up cheap from the foreclosures and sherif sales. Also i'm with a smaller bank so there not effected as much Quote Link to comment Share on other sites More sharing options...
Cpl Ledanek Posted October 17, 2008 Share Posted October 17, 2008 I rent though... but am looking at the market to see if something nice pops up cheap from the foreclosures and sherif sales. Your lose is in the rent...your throwing your money every month...your win though is in the price-war between new house contruction.. they will throw every incentive your way. maybe 1 yr no-pay, a flat screen (insist on 40"+ coz that is pretty much standard), some developers threw in a Toyota Prius...FOR REAL! You may think that is awesome...but in Chicago, there was a condo built above a bar----buy the condo you get a $38,000 bar tab credit...I think 3 college students bought that deal It's a buyers market right now...you can get a 4bedroom 3 car garage 3.5 bath for $250,000 which was priced around $450,000+ before the market fiasco. A house in our area sold at close to $500,000 now selling at low $300,000...that's robbery right there. Win for you, since you dont have a house to sell first (it would be a lost) contingent to your new purchase. Foreclosure would be a 2x win if you can get the bank to give you a 4% interest over 30-years to pay...just dont give in to the adjustable mortgage rate....that's the culprit right there. tell them you'll walk out on deal if nothing better than 4%+30yrs. Good luck to you and wife...I'm pretty sure she was nice to you when you paid her loan Quote Link to comment Share on other sites More sharing options...
NoQuarter Posted October 18, 2008 Author Share Posted October 18, 2008 Sure wish I had had money to invest with a week ago though... wow. If I had a hair I'd have jumped onto some of those selling below break up value last week, but the way things are now, the more than usual irrationality of it, I just grit my teeth and stood pat. Quote Link to comment Share on other sites More sharing options...
viiiper Posted October 19, 2008 Share Posted October 19, 2008 Well all my Stocks & Bonds are +15% I'm so happy I invested into gr.net thx rocky, zjj & crew for increasing the value of my beloved gr.net Seriously, those lucky to invest in stocks, bonds & other luxury commodities should remember all those that have not got a penny and have no investment but trying to get by week to week... I always knew it, why don't those that buy bonds & stocks notice it, Investments can go down aswell as up !!!! you can loose, it is not guaranteed when you gamble on the stock market then you gamble, don't get upset when once in 10-20 yrs is looses. I have no sympathy, except I do feel sorry you all lost money to someone else that gained it, because money always goes somewhere, except too me, let me take this opportunity to add money to my santa list Quote Link to comment Share on other sites More sharing options...
xG5kdo Posted October 21, 2008 Share Posted October 21, 2008 Not too bad. I invest a lot of my money on really safe - domestic stocks. Only about 15% of my portfolio is truly aggressive. They suffer a hit, no doubt. But the rest are fine. Quote Link to comment Share on other sites More sharing options...
Kamakazi Posted October 25, 2008 Share Posted October 25, 2008 I thought about putting $4000 into the stock market this summer, which is my entire net income from my summer job, being a student and all. Thankfully I decided to just pay off student loans I have already built up with it. Probably a pretty good decision. Quote Link to comment Share on other sites More sharing options...
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