Holy fuckballs economy?!

February 19th, 2009 - 3:44pm by Slye Fox

Okay, last quarter of '08 I lost 8 grand out of my 401. I just got my first quarter report. It's gone down another $14,000. Holy shitbuckets!!! Seriously?!?!

That's $22,000 doll hairs I don't get to have garnering interest for me. Jebus H. Christmas on a stick! Fucking fix this economy already.

February 19, 2009 - 4:46pm
lisianthia says:

:(

February 19, 2009 - 5:14pm
bertine says:

I stopped opening those last fall.

February 19, 2009 - 5:21pm
lisianthia says:

This kind of news makes me not feel as bad about not currently having retirement savings.

February 19, 2009 - 5:23pm
bertine says:

It is really hard to look at since I followed all the advice. Still, I am not retiring for some time.

February 19, 2009 - 5:25pm
lisianthia says:

True. People in our age bracket can "afford" for something like this to happen. At least more than older folks can.

February 19, 2009 - 5:28pm
Slye Fox says:

I tend to rely on the pros, too. But still, if the money were there, the end result after years would be exponentially larger. Simply put, 30 years from now, I'm loosing a lot more than $22,000.

February 19, 2009 - 5:29pm
bertine says:

I looked at my parents investments. It was just sad. I was very glad my dad has a pension.

February 20, 2009 - 4:58am
tallelfnorth says:

Seriously consider cashing everything out and putting it in guaranteed investments. Even a 1-3% money market savings account is better than losing another 10-20% this year. And no, the economy's NOT going to suddenly rebound and GAIN 20% without you noticing, so don't worry about missing out on the eventual upswing. You'll have time to get your money back into the market.

Or put it in a mattress. That'd be one expensive sex cushion. =-O ;-P

Final tip: go back in time and do this last summer. ;-P

February 20, 2009 - 11:49am
Slye Fox says:

That's true, in fact, one of my portfolios is a clump-money market account. I should probably look into moving a bigger percentage into that fund. 10% of my retirement disappearing is not fun to think about. :( I don't want to buy a smaller yacht.