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View Poll Results: How much has your 401k lost in 2008?
Less than 10% 13 23.21%
10-20% 13 23.21%
20-30% 6 10.71%
30% or more 24 42.86%
Voters: 56. You may not vote on this poll

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Old 10-16-2008, 11:33 AM
 
Location: Kansas
3,855 posts, read 12,454,918 times
Reputation: 1722

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I was just checking out my 401k the other day and it hit me. I've lost 32% since the year started. LOL WOW!

OK...So how much have you guys lost.
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Old 10-16-2008, 11:48 AM
 
Location: New Jersey
1,181 posts, read 2,869,633 times
Reputation: 460
54% but I'm still young... so no tears yet.
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Old 10-16-2008, 11:54 AM
 
Location: Wilmington, NC
412 posts, read 1,163,697 times
Reputation: 302
12% but I'm young as well....no need to worry yet! Besides, I haven't put much in anyway as I've only had full-time status for 2 years.
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Old 10-16-2008, 12:25 PM
 
3,627 posts, read 13,768,815 times
Reputation: 2726
about 40% - I sure hope it goes back up before I retire in 14 years! As soon as it gets up I am going to move some of it to cash or lower risk funds.
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Old 10-16-2008, 02:13 PM
 
Location: In My Own Little World. . .
3,238 posts, read 8,320,602 times
Reputation: 1611
As of yesterday, we lost 18.4%. We're planning on retiring in about 10 years, so we don't have a whole lot of time to recoup. Once it goes up at least another 10% (who knows when), I'm pulling out the money and putting it into a bank held IRA, with a fixed interest rate return. No more huge up and down swings for us, we can't afford it.
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Old 10-16-2008, 02:18 PM
 
Location: Montrose, CA
3,031 posts, read 8,465,043 times
Reputation: 1966
Mine hasn't lost anything, because I haven't cashed it out.
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Old 10-16-2008, 02:19 PM
 
Location: Charlotte, NC
2,193 posts, read 4,755,610 times
Reputation: 1075
I'm just wondering when your 401ks began to bleed, how come you didn't decide to move your money to different funds within your 401k plan?
Aren't there MMFs within your plans?

I've lost 0%.

Last edited by sheenie2000; 10-16-2008 at 02:20 PM.. Reason: forgot to answer the OP's question.
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Old 10-16-2008, 02:23 PM
 
Location: Arizona
214 posts, read 917,834 times
Reputation: 197
I've lost 32% thus far, but I think the market itself is -39%....so at least I am ahead of the curve!
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Old 10-16-2008, 02:29 PM
 
Location: In My Own Little World. . .
3,238 posts, read 8,320,602 times
Reputation: 1611
Quote:
Originally Posted by sheenie2000 View Post
I'm just wondering when your 401ks began to bleed, how come you didn't decide to move your money to different funds within your 401k plan?
Aren't there MMFs within your plans?

I've lost 0%.
I had mine in a pretty good balance to begin with, and then when TSHF I moved it to a Bond fund. That's probably why I only lost 18%.
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Old 10-16-2008, 04:16 PM
 
Location: Cape Coral, FL
7,625 posts, read 12,825,450 times
Reputation: 4631
I'm up 1.2%.

No kidding - I switched to stable value before the first of the year. I knew I would miss the last of the bull, but the mortgage crisis and energy talk was more than I could stomach.
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