flood Posted July 30, 2008 Share Posted July 30, 2008 is your mind being fried by watching it go up and down by huge amounts every day? i think im getting whiplash... freaking economy. ooh! i made a grand! DAMN IT I JUST LOST 2k! i think im just going to take it all out and invest in pogs. Quote Link to comment Share on other sites More sharing options...
stevenontheradio Posted July 30, 2008 Share Posted July 30, 2008 i fucking love pogs. Quote Link to comment Share on other sites More sharing options...
minty Posted July 30, 2008 Share Posted July 30, 2008 I miss Pogs. Quote Link to comment Share on other sites More sharing options...
swankymodes Posted July 30, 2008 Share Posted July 30, 2008 Haha, dude you're not supposed to look everyday (particularly these days), you'll go insane. Plus I didn't see pogs on the S&P 500. Quote Link to comment Share on other sites More sharing options...
chiefwahoo Posted July 30, 2008 Share Posted July 30, 2008 I don't look at mine. I pretend it doesn't exist. I work with some guys who are financial gurus and they let me know when they do any reallocation between funds and I do the same. Quote Link to comment Share on other sites More sharing options...
baldsteve Posted July 30, 2008 Share Posted July 30, 2008 Same here, those are just numbers, I look at it quarterly at best. It's really for the better that I don't look at it. Quote Link to comment Share on other sites More sharing options...
flood Posted July 30, 2008 Author Share Posted July 30, 2008 im neurotic, and i tweak things now and again.. so i like to keep an eye on it... these days its just horrific. Quote Link to comment Share on other sites More sharing options...
benchwarmer Posted July 30, 2008 Share Posted July 30, 2008 yea I don't look either. I meet with my adviser once a year. He says I'm too young to worry, and that I'm doing fine. So I'll take his word for it. Quote Link to comment Share on other sites More sharing options...
divaface Posted July 30, 2008 Share Posted July 30, 2008 i leave mine alone. i made the password to my account something i would never remember and put it on my PC at home and in a file with the rest of my paperwork so i don't neurotically check it. my yearly financial meeting is the only time i change anything with it. Quote Link to comment Share on other sites More sharing options...
mrc Posted July 30, 2008 Share Posted July 30, 2008 yea I don't look either. I meet with my adviser once a year. He says I'm too young to worry, and that I'm doing fine. So I'll take his word for it. Im pretty much the same way. i dont think i have looked at it once since the end of last year. Quote Link to comment Share on other sites More sharing options...
Guest baseball Posted July 30, 2008 Share Posted July 30, 2008 I'll check it now and again if I'm bored, but don't really think about it. I work for a pretty major player (with computers, not on the financial side) in the financial industry with a really good track record so I'm not too worried about it. Wasn't doing as bad as I expected last time I checked, surprisingly. Some of my mutual funds are getting killed though, haha. Especially stuff like Media & Telecom. I try not to think about it and remember that I won't even be using that money (hopefully) for several years. I'm trying to save for a honeymoon next year right now and the market is too grim to be stashing it there right now, so I'm just using an online savings account that returns 3.5 or 4%. Quote Link to comment Share on other sites More sharing options...
ihprstl Posted July 30, 2008 Share Posted July 30, 2008 I think vinyl is a better investment than the stock market right now. I almost cried when I looked at my 401k last week. Quote Link to comment Share on other sites More sharing options...
kirbypuckett Posted July 30, 2008 Share Posted July 30, 2008 I don't even understand 401(k), but I has it. Quote Link to comment Share on other sites More sharing options...
roadmonkey Posted July 30, 2008 Share Posted July 30, 2008 Generally I look at it about once a quarter to see how the funds are progressing, then at the beginning of the new year, I talk with my ad adviser and see if there's any reason to move funds. I figured this economy was going to be shit this year, so a lot of my shit is with funds with a lot of international holdings. I'm still pretty damn young and my adviser says I'm putting more than enough away to be fine when I decide I want to retire. But definitely don't look at this shit every day. Quote Link to comment Share on other sites More sharing options...
thebiglebowski Posted July 30, 2008 Share Posted July 30, 2008 Put it in a money market account or even a cd. You'll get consistent growth around 5%. Can anyone really say they think are market is primed for a rebound? Energy prices are bringing everyone's spending ability down. Until we get new technology out there that allows people to spend less money on energy and more money on everything else, the stock market will have marginal increases at best. That's the way I would play it... Quote Link to comment Share on other sites More sharing options...
ps Posted July 30, 2008 Share Posted July 30, 2008 I pretend it doesn't exist. Quote Link to comment Share on other sites More sharing options...
suburbanargyle Posted July 30, 2008 Share Posted July 30, 2008 I just look at mine every once in a while. I'm contributing 10% right now (plus the employer matches well), I figure no matter what there should be a good chunk in there in the 40+ years it'll be before retirement. Quote Link to comment Share on other sites More sharing options...
flood Posted July 30, 2008 Author Share Posted July 30, 2008 well on the positive side the market historically always rebounds... and you take this low period to buy up as much as you can cheap.. so when it rebounds you've lowered your cost per share average. Quote Link to comment Share on other sites More sharing options...
dante3000 Posted July 30, 2008 Share Posted July 30, 2008 I have all my cash invested in twinkies. Shit's gonna last forever. I really never look at my 403-B. I do have a ton of different accounts and those have lost a shit ton over the last year (one is down almost $6,000), but that's how it is. The places I find I'm making money right now are over seas markets. Quote Link to comment Share on other sites More sharing options...
jhulud Posted July 30, 2008 Share Posted July 30, 2008 I look at mine maybe twice a month. Now...what drives me more nuts is our company stock. It's always showing on the front page of our intranet and the damn thing is like a fuckin' yo-yo....every other day is up, down, up, down....Goddamnit!!!! Quote Link to comment Share on other sites More sharing options...
chaps Posted July 30, 2008 Share Posted July 30, 2008 When I become a grownup I'm just gonna save my money under my mattress and then buy a pizza shop when I have enough money. Or invest in garbage. People will always want pizza and they will have garbage. Quote Link to comment Share on other sites More sharing options...
melikecheese Posted July 30, 2008 Share Posted July 30, 2008 is your mind being fried by watching it go up and down by huge amounts every day? i think im getting whiplash... freaking economy. ooh! i made a grand! DAMN IT I JUST LOST 2k!i think im just going to take it all out and invest in pogs. 401K are long term investments, you'll have bad years and good years. Personally I had a great return the last quarter, about 8%. I try to review it yearly and look at where the economy is at and make fund selections based on that. Energy and natural resource funds were poised to do good this year, and they did. Quote Link to comment Share on other sites More sharing options...
vivsavage Posted July 31, 2008 Share Posted July 31, 2008 It's going to be a while before there will be a sustainable turnaround. The housing market will need to stabilize and inflationary pressures are still a burden. As an alternative, CD's and MMF's are obviously a safe bet, but you're not going to get 5%. Moneymarkets are paying around 2%, and you'll be lucky to get 4% on a 1-Yr CD. Moving to cash and trying to time the market can be very difficult, and as many here have mentioned, 401k's are long-term investments and most of us here are relatively young and have the time to wait it out. For those of you that are interested in doing your own research and spending some time on your accounts, your company may offer a more "self-directed" retirement account. This will allow you to invest in stocks, etf's, etc. instead of the limited mutual fund choices that you normally have in a 401k. This opens the door to invest in short funds, which have an inverse correlation with the corresponding index (goes up when the market goes down!). Quote Link to comment Share on other sites More sharing options...
flood Posted July 31, 2008 Author Share Posted July 31, 2008 i was doing great, the last two years i ended up at 12% and 18%... this year is sucking wind... i know im in it for the long haul.. its just annoying to be stuck in a lull Quote Link to comment Share on other sites More sharing options...
jhulud Posted July 31, 2008 Share Posted July 31, 2008 Our company is switching for a "self-directed" retirement account to a straight-up 401(k) in 2009. Not sure how I should feel about that. Quote Link to comment Share on other sites More sharing options...
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