How are combating the market with your 401k?

stooken · 09-17-2008, 01:42 PM

it's very painful checking my 401k everyday because it just keeps going down. i'm down -16% since the beginning of the year. 60% bonds 40% stocks. i just went down $500 since yesterday.

what are you guys doing with it? some people i know are thinking of even cashing out.

iatacs19 · 09-17-2008, 01:49 PM

Quote:

Originally Posted by stooken

it's very painful checking my 401k everyday because it just keeps going down. i'm down -16% since the beginning of the year. 60% bonds 40% stocks. i just went down $500 since yesterday.

what are you guys doing with it? some people i know are thinking of even cashing out.

$500???

That's nothing to worry about, just stay the course. It will be worth it in 30 years.

stooken · 09-17-2008, 01:50 PM

Quote:

Originally Posted by iatacs19

$500???

That's nothing to worry about, just stay the course. It will be worth it in 30 years.

LOL well that's since yesterday. i didn't bother to keep track of how much it's been going down.

e92phreak · 09-17-2008, 01:51 PM

Stay with it because as your company deducts from your paycheck and purchases the 401k shares, you are buying them at a much lower share cost than last year. Give it a couple of years and it will come back since you are getting your shares at a good deal now.

I lost a few k yesterday, but I'm not sweating it.

Brunotheboxer · 09-17-2008, 01:52 PM

you should cash out and then hit the casino.

iatacs19 · 09-17-2008, 01:54 PM

Quote:

Originally Posted by Brunotheboxer

you should cash out and then hit the casino.

Now this I like!

GT3 Tim · 09-17-2008, 01:56 PM

Transfered all mine to bond index (yielding about 6%) and basically money market fund (getting about 4%). That is about the best thing going right now. Once things stabilize, I will switch it back...but I had to stop the bleeding. It was getting bad!

stooken · 09-17-2008, 01:57 PM

Quote:

Originally Posted by e92phreak

Stay with it because as your company deducts from your paycheck and purchases the 401k shares, you are buying them at a much lower share cost than last year. Give it a couple of years and it will come back since you are getting your shares at a good deal now.

I lost a few k yesterday, but I'm not sweating it.

yeah that's what i figured.

Quote:

Originally Posted by Brunotheboxer

you should cash out and then hit the casino.

Quote:

Originally Posted by iatacs19

Now this I like!

i might just consider that. one hand, do or die!

ska///235i · 09-17-2008, 02:18 PM

I'm also riding the wave
$500 per day is alot of money guys...nothing to laugh about , esply when is hard earned cash

all that company match and the profit sharing is going down the drain for me

but think about it....You're also buying in shares at a very low price

stooken · 09-17-2008, 02:22 PM

Quote:

Originally Posted by ska

I'm also riding the wave
$500 per day is alot of money guys...nothing to laugh about , esply when is hard earned cash

all that company match and the profit sharing is going down the drain for me

but think about it....You're also buying in shares at a very low price

LOL yeah. i've lost most of my contributions and all of my company match. only a little bit ahead of where i started at the beginning of the year which is primarily what i transferred over from my previous 401k.

ska///235i · 09-17-2008, 02:30 PM

who handles your 401k....we use to be Citibank (Citi something)..then boughtout by statestreet = Citistreet, now is owned by ING
lol...who knows, within 5-10 years...Blockbusters Movie could be handling our 401ks..ahahahaha

stooken · 09-17-2008, 02:34 PM

Quote:

Originally Posted by ska

who handles your 401k....we use to be Citibank (Citi something)..then boughtout by statestreet = Citistreet, now is owned by ING
lol...who knows, within 5-10 years...Blockbusters Movie could be handling our 401ks..ahahahaha

LOL fidelity.

i would reallocate but they offer a million different types of mutual funds that it gives me a headache looking at it.

09-17-2008, 01:42 PM	#1
stooken Brigadier General 186 Rep 4,243 Posts Drives: E70 X5 Join Date: Apr 2007 Location: NOR*CAL iTrader: (2)	How are combating the market with your 401k? it's very painful checking my 401k everyday because it just keeps going down. i'm down -16% since the beginning of the year. 60% bonds 40% stocks. i just went down $500 since yesterday. what are you guys doing with it? some people i know are thinking of even cashing out. __________________ 2010 E92 BSM 335i \| M-Sport \| ST Coils \| Linea Corse Lemans \| Cobb AP \| BMS DCI \| Cyba Tips
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09-17-2008, 01:51 PM	#4
e92phreak General 392 Rep 21,745 Posts Drives: E92 335i TiAg/E46 323i TiAg Join Date: Mar 2007 Location: CA iTrader: (1) Garage List 2007 E92 335i [9.50] 2000 E46 323i [0.00]	Stay with it because as your company deducts from your paycheck and purchases the 401k shares, you are buying them at a much lower share cost than last year. Give it a couple of years and it will come back since you are getting your shares at a good deal now. I lost a few k yesterday, but I'm not sweating it. __________________ 07 E92 335i \| TiAg \| Step \| Padl \| Cmft \| Alum Trm \| PDC \| Nav \| Assist \| Sat \| Lthr \| Prem \| Sprt \| Rear Splr \| RDSport Quads \| iPod \| V1 \| LT Refl \| VS Clear Bra \| OEM Lip \| KWV2 \| Mtec Sides \| BBS LM-R 00 E46 323i \| TiAg \| 5sp \| Sport \| Roof \| RDSport Cams \| RDSport tune \| RDSport Shift \| Volk LE37 \| M3 spoiler \| PSS9 \| SuperSprint \| Brembo
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09-17-2008, 01:52 PM	#5
Brunotheboxer Colonel 399 Rep 2,984 Posts Drives: 2014 Shelby GT500. Join Date: Jan 2006 Location: Boston/Cape Cod iTrader: (0)	you should cash out and then hit the casino. __________________ "...I maybe drunk, but you're ugly, and I can sober up..."
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09-17-2008, 01:56 PM	#7
GT3 Tim Moderator 98 Rep 1,920 Posts Drives: 2014 MB E63S Join Date: Feb 2008 Location: Sacramento, CA iTrader: (0)	Transfered all mine to bond index (yielding about 6%) and basically money market fund (getting about 4%). That is about the best thing going right now. Once things stabilize, I will switch it back...but I had to stop the bleeding. It was getting bad! __________________ Tim <--- apparently likes "3" cars 2014 E63S -- The Rocket 2014 F30 328i -- Kids car 2008 E90 M3 -- Sold 2004 GT3 -- Sold 1997 M3/4 -- Sold 1995 M3 -- Sold
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09-17-2008, 02:18 PM	#9
ska///235i ***** noob 1414 Rep 10,477 Posts Drives: 325xi>M235i>428GCx Mspor Join Date: Sep 2005 Location: Boston iTrader: (34) Garage List 2006 325xi [0.00]	I'm also riding the wave $500 per day is alot of money guys...nothing to laugh about , esply when is hard earned cash all that company match and the profit sharing is going down the drain for me but think about it....You're also buying in shares at a very low price __________________ 2006 325xi (Sold) 2014 M235I (Current) 2015 428xi Gran Coupe (STB)
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09-17-2008, 02:30 PM	#11
ska///235i ***** noob 1414 Rep 10,477 Posts Drives: 325xi>M235i>428GCx Mspor Join Date: Sep 2005 Location: Boston iTrader: (34) Garage List 2006 325xi [0.00]	who handles your 401k....we use to be Citibank (Citi something)..then boughtout by statestreet = Citistreet, now is owned by ING lol...who knows, within 5-10 years...Blockbusters Movie could be handling our 401ks..ahahahaha __________________ 2006 325xi (Sold) 2014 M235I (Current) 2015 428xi Gran Coupe (STB)
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