The 401K Fallout

10-14-2009, 11:55 AM

Some of us might be working for the rest of our lives....

http://www.cbsnews.com/video/watch/?id=4955194n

markem · 10-14-2009, 11:57 AM

incredibly old news

Blueface · 10-14-2009, 11:57 AM

Mine is recovering quite a bit.
Still down overall but I see it as money I never really had, funds not realized.
I still have 9 and a half years before I can dream of touching it so lots of hope it will return and then some.

10-14-2009, 12:04 PM

Old news to some, but I felt the need to spread the link since it was spread to me.

elderboy02 · 10-14-2009, 12:07 PM

My Roth IRA is starting to come back around finally.

10-14-2009, 12:16 PM

Quote:

Originally Posted by elderboy02

My Roth IRA is starting to come back around finally.

Glad to hear that, my fathers took a big hit and has also seen a slight turn around.

10-14-2009, 12:19 PM

I will have to work till they plant me.

That's ok, I watched my grandfather and father do it so I know it's in me .

Commander Quan · 10-14-2009, 12:21 PM

Quote:

Originally Posted by elderboy02

My Roth IRA is starting to come back around finally.

Mine is about even with my contributions.

elderboy02 · 10-14-2009, 12:23 PM

Quote:

Originally Posted by Commander Quan

Mine is about even with my contributions.

Yeah, that is what I meant.

I am only 25 so I really don't have to worry about it for a while.

Blueface · 10-14-2009, 12:24 PM

Quote:

Originally Posted by elderboy02

Yeah, that is what I meant.

I am only 25 so I really don't have to worry about it for a while.

Nope.
Long term for you for sure.
Jump on it more than ever now.

10-14-2009, 12:57 PM

Quote:

Originally Posted by Victor Sinclair

Old news to some, but I felt the need to spread the link since it was spread to me.

I hadn't seen this spot so thank you. Yes, it might seem old to some but to those that it will affect for the rest of our lives it's a daily thing.

elderboy02 · 10-14-2009, 01:05 PM

Quote:

Originally Posted by Blueface

Nope.
Long term for you for sure.
Jump on it more than ever now.

Sorry, I meant that I wasn't stressing when it dropped significantly because I know that it would eventually come back.

I have been putting in more money especially back in the Spring when everything was so cheap.

BigFrank · 10-14-2009, 02:24 PM

Ive just started getting money put away, I don't know if this is bad or good. Hopefully buying stuff cheap now, will be nice in a few years.

ucla695 · 10-14-2009, 08:22 PM

Mine has bounced back nicely. Hopefully there will be calmer waters ahead.

The Poet · 10-15-2009, 04:02 PM

Quote:

Originally Posted by ahc4353

I will have to work till they plant me.

That's ok, I watched my grandfather and father do it so I know it's in me .

Isn't that what a man's life is supposed to be? Sitting in a tub watching the sunset is for Cialis commercials, and real men don't do that.

10-15-2009, 07:04 PM

Quote:

Originally Posted by BigFrank

Ive just started getting money put away, I don't know if this is bad or good. Hopefully buying stuff cheap now, will be nice in a few years.

Be cautious as to your contribution amounts for now. If you dont see any gains, minimize your losses.

10-16-2009, 12:00 AM

Ours are recovering quite nicely. I was lucky though. For 2 years before the crash, I was heavily weighted in the Asian markets and was making a killing. When there were signs of a collapse over there (6 months before ours) I dumped it all back into more conservative stuff. I still took a hit like everyone else, but it was a nice ride up when I had it and it helped cushion the blow. Just checked the statement and the YTD on the big one is 27.12 and the overall year to date rate of return (entire portfolio) is 26.79%.

Chas

If interested its (the big one) MassMutual Select Large Cap Value S (MLVSX)

cbsmokin · 10-16-2009, 08:33 AM

Quote:

Originally Posted by Victor Sinclair

Be cautious as to your contribution amounts for now. If you dont see any gains, minimize your losses.

Depends on your matching, age, and risk tolerance.

I am maxed out and gobbling up shares. It will pay off in 20, 30, maybe even 40 years.

N2Advnture · 10-16-2009, 09:48 AM

Quote:

Originally Posted by cbsmokin

Depends on your matching, age, and risk tolerance.

I am maxed out and gobbling up shares. It will pay off in 20, 30, maybe even 40 years.

I agree. Buy when it's down, reward seen on the back end.

I reallocated in April/May and it's paid off nicely so far.

rack04 · 10-16-2009, 09:52 AM

I recently took out a loan on my 401K. One of the disadvantages of doing this is that the money I borrowed from my 401K isn't earning any money on the market. In the current market I figured that the interest that I'm paying myself is more than the money was earning in the market.

10-14-2009, 11:55 AM	#1
Victor Sinclair Guest Posts: n/a	The 401K Fallout Some of us might be working for the rest of our lives.... http://www.cbsnews.com/video/watch/?id=4955194n

10-14-2009, 11:57 AM	#2
markem Bunion Join Date: Oct 2008 First Name: Mark Location: Second Star on the Right Posts: 22,621 Trading: (47)	Re: The 401K Fallout incredibly old news __________________ I refuse to belong to any organization that would have me as a member. ~ Groucho Marx

10-14-2009, 11:57 AM	#3
Blueface Gramps 4x's Join Date: Oct 2008 First Name: Horatio Seymore Hiny Location: Boca Raton - North of La Habana Posts: 8,774 Trading: (8)	Re: The 401K Fallout Mine is recovering quite a bit. Still down overall but I see it as money I never really had, funds not realized. I still have 9 and a half years before I can dream of touching it so lots of hope it will return and then some. __________________ Little known fact: I am a former member of the Village People - The Indian

10-14-2009, 12:04 PM	#4
Victor Sinclair Guest Posts: n/a	Re: The 401K Fallout Old news to some, but I felt the need to spread the link since it was spread to me.

10-14-2009, 12:07 PM	#5
elderboy02 Lets Go Buckeyes! Join Date: Oct 2008 First Name: Dan Location: Cincinnati, OH Posts: 12,506 Trading: (133)	Re: The 401K Fallout My Roth IRA is starting to come back around finally.

10-14-2009, 12:19 PM	#7
ahc4353 Guest Posts: n/a	Re: The 401K Fallout I will have to work till they plant me. That's ok, I watched my grandfather and father do it so I know it's in me .

10-14-2009, 02:24 PM	#13
BigFrank 5 3 1 Join Date: Nov 2008 First Name: Frank Location: Gym or Sofa. Posts: 1,896 Trading: (25)	Re: The 401K Fallout Ive just started getting money put away, I don't know if this is bad or good. Hopefully buying stuff cheap now, will be nice in a few years. __________________ " Hope is the first step on the road to disappointment. "

10-14-2009, 08:22 PM	#14
ucla695 Neither here, nor there Join Date: Oct 2008 Location: The Pool Posts: 3,696 Trading: (5)	Re: The 401K Fallout Mine has bounced back nicely. Hopefully there will be calmer waters ahead.

10-16-2009, 12:00 AM	#17
ChasDen Guest Posts: n/a	Re: The 401K Fallout Ours are recovering quite nicely. I was lucky though. For 2 years before the crash, I was heavily weighted in the Asian markets and was making a killing. When there were signs of a collapse over there (6 months before ours) I dumped it all back into more conservative stuff. I still took a hit like everyone else, but it was a nice ride up when I had it and it helped cushion the blow. Just checked the statement and the YTD on the big one is 27.12 and the overall year to date rate of return (entire portfolio) is 26.79%. Chas If interested its (the big one) MassMutual Select Large Cap Value S (MLVSX)

10-16-2009, 09:52 AM	#20
rack04 Lebowski Urban Achiever Join Date: Oct 2008 First Name: Justin Location: Dallas, TX Posts: 1,023 Trading: (20)	Re: The 401K Fallout I recently took out a loan on my 401K. One of the disadvantages of doing this is that the money I borrowed from my 401K isn't earning any money on the market. In the current market I figured that the interest that I'm paying myself is more than the money was earning in the market. __________________ "Why don't you put them in your secret compartment" - 12stones (Ricky)