1. Please take 30 seconds to register your free account to remove most ads, post topics, make friends, earn reward points at our store, and more!  

Dow Jones rising… new financial plan…

Discussion in 'Off Topic [BG]' started by bass player 48, Mar 26, 2009.


  1. bass player 48

    bass player 48

    Nov 17, 2008
    Yup, I’ve finally made a financial plan for the first time since the recession hit. If the Dow goes above 8,000 then I’ll actually take a look at the balance in my 401K. I haven’t been able to look in months.

    :bawl:
     
  2. PSPookie

    PSPookie

    Aug 13, 2006
    Lubbock, TX
    You realize, of course, that at 8,000 the DOW will still be down 27% from last summer.

    While I find ths recent upswing encouraging, I'm not ready to celebrate yet.

    Proceed with caution, but now is still a good time to buy.
     
  3. bass player 48

    bass player 48

    Nov 17, 2008
    Oh yes, I'm painfully aware of this... The 52 week high and 52 week low are mind bottling.

    Like I said, I can't even look at my investments. Maybe at around 8,000 I could actually stand to look at it again.
     
  4. Unrepresented

    Unrepresented Something Borderline Offensive

    Jul 1, 2006
    San Diego, CA
    I've already looked now and then. Depressing.

    Just got my quarterly report from a seperate retirement account with a newsletter attached practically patting themselves on the back for only losing 15% by balancing their investments between more conservative funds and stocks. They also had the balls to charge me a maintenance fee for losing my money.
     
  5. PSPookie

    PSPookie

    Aug 13, 2006
    Lubbock, TX
    Only losing 15% isn't too bad. They should be relatively pleased with their perfomance.
     
  6. lowendmafia

    lowendmafia Supporting Member

    Oct 11, 2007
    Sacramento, California
    It is a bear market rally, even if the dow makes a significant increase the inflation we are about to see will kill you in the end.
     
  7. Relic

    Relic Cow are you?

    Sep 12, 2006
    Robbinsville, NJ
    I haven't looked at my 401k for a while.. I need some good vodka first.
     
  8. Absentia

    Absentia

    Feb 25, 2009
    then once you look at it you realize you shouldn't have bought that expensive vodka and will have to live off of Five O'CLock for the rest of your life.




    A few points doesn't mean a damn thing IMO. Numbers can lie just like the people who make them up.
     
  9. Unrepresented

    Unrepresented Something Borderline Offensive

    Jul 1, 2006
    San Diego, CA
    I can accept that my 401K loses value, since I'm the one who chooses to have my pay docked, and I have some control over which funds the investments go towards. I chose to go heavily into stocks, which can be risky. My control. My loss. My problem. Wish the gov't had prevented this, but at least I have some responsibility in the matter.

    The retirement fund is separate and I have no control over it. I can't choose levels of risk, contribution, etc. When experts lose my money and then charge me for it, I call foul play, regardless of how much better their loss was than the street's loss.
     
  10. MakiSupaStar

    MakiSupaStar The Lowdown Diggler

    Apr 12, 2006
    Huntington Beach, CA
    Yep. That's pretty much me in a nutshell.
     
  11. PSPookie

    PSPookie

    Aug 13, 2006
    Lubbock, TX
    Try to keep in mind that the "experts" lost more than most and be thankful that it wasn't worse. But I hear ya'.
     
  12. Yes. :(
     
  13. hbarcat

    hbarcat Supporting Member

    Aug 24, 2006
    Rochelle, Illinois
    Yup. :bawl:
     
  14. lowendmafia

    lowendmafia Supporting Member

    Oct 11, 2007
    Sacramento, California
    I am glad that BS in Economics I paid so many thousands of dollars for is finally paying off....:spit:
     
  15. eedre

    eedre

    Feb 26, 2007
    St. Louis,MO
    The same "experts" that say everything will be fine (while they drive to work in their $80,000 car and park in a heated garage) because their well-being depends on people trusting what they have to say?
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.