Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Of course it's all on paper until you sell....but how much has the value of your 401k and what percentage of the total have you lost since the peak a couple of months ago?
I've lost 5k of a 191k balance in my current company plan (timed the market at the peak) and 5k of a 72k balance in in other 401k (did not time and left it alone)
Last edited by Thinking-man; 08-25-2015 at 05:09 PM..
Reason: Clarity
Down 6% in one week, not sure about since a couple months ago. My 401Ks are managed by Fidelity (their investment management service where they take a % as their fee) as of April this year. I'm not happy with their level of service.
My woefully underfunded retirement account is down 20% from previous highs. Of course, I did not sell and I do not intend to use the money till I retire. I've been meaning to add to it over the past couple years, but didn't feel comfortable at the previous prices.
Thankfully, my ordinary trading account is doing much better for the year.
Down 7% in last week. I sold off my bond holdings to buy more equities this morning (down 2% on those today, yikes). I have a 30 year time horizon so this is uneventful for me.
I went as high as up 7.2% by July but including the drop today, the up is only 1.2%. This meant I lost 6% profit in less than a month's time bulk of it this week.
I'm down about 5% from the high. I think that's pretty good when the market is down 12% from there.
And now that I've started buying... I'm kinda hoping to see the market go lower
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.