nothing to do with the truck or dodge in general. was looking at my 401k portfolio, within the past 2 weeks i dropped a little over 18000.00 because of the economy. in away i am glad i paid cash for the truck. thats one bill i dont have to worry about. but dam, what happens when sts comes out with a turbo set up for our daks and i need some quick cash. oh well guess i wont be retiring at 55, gonna have to wait until i am 67.anyone else have a portfolio?

 

let's not talk about it. The past 5 days have not been good. But I am optimistic. I am not touching anything. I cashed out on a few stocks a few months ago and I am glad I did.

My kids 529 for college? Thank God she is 3 and not 13 or we would be in a world of hurt.

However, things will turn around. If you have cash, hang onto it. If you are in a 401K, diversify. That is what has helped me. If you are under 40, you should have about 60-70% stocks with 30-40% cash and bonds. If you are over 40, less stocks and more bonds and cash. This is a good rule of thumb.

But this market will turn around folks.

 

I haven't looked at mine. I'm sure I will be shocked when I get my quarterly statement, but I don't plan on retiring for 10 years. The market will fully recover in two years or less; it always does. Now is the time to invest when prices are low as long as you won't need the money for a couple of years. Long term investing and diversifying are my habits. I also invest 40% - 50% in international mutual funds; other countries such as China are in a major growth cycle.

 

Took about a $14k hit on my new statement. I am retired and don't want to go back to work....Maybe I could get one of those jobs with the multi-million $$ packages to go away....

 

part time security guard always help out a little

 

yeah...tell me about it...had an investment fund, got it out thankfully 3 days before they closed the fund and returned investors their investments 3 cents o nthe dollar...but i still lost about $14000 from it....ugh...

 

Yep right there with ya Eric, just got my quarterly report...

I was talking with my Dad and hes about like the rest of you, he kinda snickered and said only that much when I told him about how much I lost and then said he lost 5 times that much DAMN ECONOMY! You are right though EDSHAM, it'll be back!

 

The hit was felt world wide!

 

yeah it was pretty insane....good thing is im looking at it right now and the DOW is allready up over 500 points today...it's a start!