My 401k performance in 2008

[.dave.]

Beginning: Ending: Percent
Oct-21-2008 Dec-31-2008 + 4.3%

woot! good thing for 3 months of contribution!

 

[Animo]

account value 12/31/07: 193,363.34
account value 12/31/08: 7,842.63

i think i partied too hard

 

[turdburgler]

my rsp is down about 5% on the year, but i dont really care about that

 

[lemon]

account value 12/31/07: 193,363.34
account value 12/31/08: 7,842.63

i think i partied too hard

nice

 

[internet]

account value 12/31/07: 100,000 Z$
account value 12/31/08: 1,000,000 Z$ (zimbabwean dollars)

 

[Yaason]

not too good. i've lost over $5k just cause of 2008.

 

[Stilgar]

I just got my year end statement.
I made 0.72%

Am I good at this financial shit, or what?

 

[link_]

I don't have one yet. I actually start that on the 22nd. woo

 

[FngrBANG]

I'm so glad that I chose a 'low risk' profile

 

[CombatWombat]

I just inherited $5,000,000 from my cousin the Prince of Nigeria, so I guess things are finally looking up.

 

[dibs]

link me to your blog bro

 

[Killjoy]

I'm so glad that I chose a 'low risk' profile

If I recall you are in your low 40's or high 30's

so low risk would be dumb

also, there is no low risk anymore

enjoy your AIDS

also

richdadpoordad

learn

 

[veritas]

After two months of decline I moved to more stable funds and cut my losses. (Lost about 15% for two months) Now time to go consider upping my risk and making a little more off the market.

 

[ptavv]

so you locked in losses at the bottom and moved to investments that will pay you less over the long term

that is a winning strategy for something you won't/can't touch for a long time

 

[Killjoy]

hey ptavv of "I am 24" fame.. besides your 401k do you have an IRA? and if you do, what are the numbers on it and who was it with?

 

[ptavv]

i don't have an ira

 

[Killjoy]

PRO TIP: don't pretend that you know shit all about investing money when you are a financial retard.

edit: I am sure when you are "all growed up" you will be awesome sauce

 

[ptavv]

i don't know anything about investing except that selling your 401k at the bottom and moving to conservative investments is not a good idea if you're young-ish

 

[def]

401k lost 34.9%
roth ira only like 15%

 

[Killjoy]

i don't know anything about investing except that selling your 401k at the bottom and moving to conservative investments is not a good idea if you're young-ish

I agree with that

but that really wasn't my point

if you still qualify for a Roth-IRA then you should invest the max

Rayn has my back on this

if he doesn't I will buy his back