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I'm going to have to bite the bullet and update my investment spreadsheet. I've avoided it since September, but I should really see what the end of the year looks like.
Sure. I'm praying that the government bails me out.
Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
I looked - I'm basically back to where I was at the end of 2005. So that's three years of maxed out 401k and Roth IRA contributions as well as some other fairly substantial investments "wiped out".
It's a "lesson learned".
I think the fear of losing the money was, in some ways, worse than the actual loss. Looking at the market close numbers every day and thinking about how much I'd lost was somewhat consuming.
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
My 401(k) lost about 39.5%. My Roth gained about 100.4%.
But most of the money is in the 401(k), not the Roth, and it will be very unlikely that I can repeat such a gain on the Roth this year.
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