General Question

windex's avatar

Fun Question: How much have you lost so far?

Asked by windex (2914 points ) October 10th, 2008

Because of the current situation.
In USD please.

Observing members: 0 Composing members: 0

22 Answers

robmandu's avatar

From my tracking…

Personal Rate of Return from 01/01/2008 to 10/09/2008 is [too much, but not surprising right now]%

Judi's avatar

I have 15–20 years before i can touch my 401k so I am trying not to even look. At least I recently (about 2 months ago) rolled over my stuff to a much more conservative portfolio, but I’m not sure even that made much of a difference.

EmpressPixie's avatar

Well the Dow Jones Industrial Average has gone down 40% from yesterday and year ago to yesterday. It’s not me, but just as a point of reference for others.

robmandu's avatar

My more conservative investments have taken the biggest hit so far. :-\

Sueanne_Tremendous's avatar

You don’t lose unless you sell…so far I haven’t sold anything.

MrItty's avatar

my 401(k) has lost about 20% of its value in the past 10 days.

jasongarrett's avatar

My 401(k) has lost almost exactly 20% from 10/1 through 10/9.

EmpressPixie's avatar

@MrItty and Jason: That means you’re about in line with the Dow Jones Industrial Average. Good when the market is up, not so good lately.

Judi's avatar

I can’t believe you called this a fun question.

MrItty's avatar

EmpressPixie. Yup. I won’t be needing my 401(k) for the next 30 or 35 years, so I’m trying to take it in stride. Gotta look at it from the other way around – it’s a good thing stocks are down right now, because it means my bi-monthly contributions are buying more individual shares, so that when this crisis is over <crosses fingers> my 401(k) will be worth all the more.

That’s how I sleep at night anyway. :-)

emilyrose's avatar

I haven’t paid any attention. My retirement is split between aggressive and conservative funds that are socially responsible. My guess would be that some of these more “neutral” investments are not impacted much. Either way, I can’t really touch it so I don’t watch the numbers.

Snoopy's avatar

Er….Don’t know if I would call this a fun question. But to answer, it is down, but as Sueanne points out, I have lost nothing. ‘Cuz I ain’t sellin’.
:)

wundayatta's avatar

last year at this time, I think my roi was at 12%, and now it’s somewhere south of 11%. I’ll know better when the quarterly 401k reports come out.

A few short months ago, the software said we could retire if we kept a tight budget. Now it says we have to work like dogs for the rest of our lives!

Emilyy's avatar

@Judi and Snoopy: Agreed! What the heck?

Am I the only one who thought this question was about losing weight, based on the description of it as a “fun question?” I thought all of Fluther was on some fad diet that I wasn’t aware of.

scamp's avatar

I thought it was a diet question too Emily. I haven’t lost anything either. In fact, I hope to gain sooner or later because I intend to buy a little more stock while it’s cheap!

galileogirl's avatar

My direct loss, an $8100 mutual fund (12/31/07) was worth $6700 on 9/30…today probably $5700.

Since I am close to retirement most of my money is in CD’s and their interest rate has been cut in half over the last year (Thank you, Wamu)

As a govt employee, I may have a surprise in the next couple of months. Our governor just announced the state doesn’t have enough money to pay it’s expenses for the rest of the year and asked us to by state bonds because the feds won’t lend us any money.

And my govt pension is invested in the stock market so I may not be able to retire in two years after all.

However I have turned to comfort food during the last month so I can’t say I am losing in every area of my life.

robmandu's avatar

Huh… since this question came out 4 days ago, I’ve recovered about 8%.

MrItty's avatar

robmandu, you might want to check again. I too saw a bump for about a day or two, but now it’s back down to the levels I posted earlier in this thread…

robmandu's avatar

yup… wiped out that gain and some more to boot.

“My new financial plan. Buying a pair of fingerless gloves. I don’t want to look unfashionable around the trash can fire.”Tim Siedell via Twitter

YARNLADY's avatar

Since our investments are all long term retirement accounts, we won’t be adding up our profit and losses until they happen. However, our net worth has declined by a lower percentage than the overall decline of the Dow, so we consider that to be a win. Our standard of living has actually increased, because Hubby is in a recession resistant career, and his company appreciates his performance.

Aster's avatar

20% down on stocks (it Was worse!)

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