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Old 10-10-2008, 06:15 AM   #1
Voliscietle

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Default O'Reilly just said he lost everything he made in the last 5 years if I understood...
Zero.
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Old 10-10-2008, 06:54 AM   #2
Guaranano

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I haven't looked at my 401(k) since before September. What's the point?
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Old 10-10-2008, 09:20 AM   #3
Klorissana

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thank god i sold all my stocks years ago to buy my overinflated condo
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Old 10-10-2008, 10:29 AM   #4
vTLWqa1l

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I'm not sure how to answer. If I lost ~0, but it took me my whole life to get ~0...
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Old 10-10-2008, 10:33 AM   #5
Optosypoeds

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In related news, markets crash around the world.
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Old 10-10-2008, 01:19 PM   #6
ananciguinter

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That's it, that's why most have lost. Even if you don't own stocks you might have a 401k or real estate of some sort. That's why I believe this reached to most folks. I sold out of the stock market a few years ago, so no loss there.

My IRA is probably down but not much, I always went with the most stable funds (and other mocked me, who is laughing now!), but in all honest a one or two year period is nothing to an IRA.

Long term investments
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Old 10-10-2008, 03:30 PM   #7
zawhmqswly

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As an example of how retirement funds are being hit, this is the government Thrift Saving Plan numbers.

G Fund F Fund C Fund S Fund I Fund
September 08 0.31% (1.31%) (8.94%) (10.32%) (12.31%)
Year-to-date 2.86% 0.84% (19.25%) (16.08%) (27.81%)
12 Month 4.05% 3.89% (21.94%) (18.90%) (29.01%)

I am in the G- Fund which is government securities investment. I am pretty sure the 10 year average for the C/S/I (corporate investments of various kinds) funds will look like the G fund by the end of this year.

http://www.tsp.gov/rates/monthly-current.html
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Old 10-10-2008, 05:58 PM   #8
somamasoso

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What is 401(k)?

tx
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Old 10-10-2008, 06:20 PM   #9
Rndouglas

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Last question:
And why do they call it 401(k)?
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