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Mine lost about 40%, but luckily I hadn't contributed in years so it's not much of a loss (looking at the big picture).
got in the habit of contributing last year but didn't invest in anything because i wasn't focused on it... kept everything in cash... beat the market.
As much as I like stocks, I've never been happier about pulling it all out to invest in web projects a few years back. Even in good years, the returns on stocks aren't anything spectacular by entrepreneurial standards. I'll be investing a little over the course of 2009, but overall, I'd rather send the money to Google, Yahoo!, and MSN.
I've always found it odd that while most employee-types I know put most of their investment money in the stock market, most business owners I know do not. Odd because the average stock market investor sees around 3.5% return, while business owners see huge returns investing in such things as their own business, other businesses, large commercial real estate deals, and so on.
Especially now with most people I know having lost forty to fifty percent of the value of their portfolio. The stock market is a joke. It's all blue sky bullshit, and affiliate marketers who are able to double their money, triple their money, or more, should realize there are better places to invest in their futures.
By the way, it used to be called retirement savings. Who do you think had a vested interested in shifting that to retirement investments? The people who stood to make a profit off it.
Especially now with most people I know having lost forty to fifty percent of the value of their portfolio. The stock market is a joke. It's all blue sky bullshit, and affiliate marketers who are able to double their money, triple their money, or more, should realize there are better places to invest in their futures.
By the way, it used to be called retirement savings. Who do you think had a vested interested in shifting that to retirement investments? The people who stood to make a profit off it.
the stock market (djia or s&p 500) has returned 10% per year on average since the great depression.
Of course as a business owner you can have much higher returns because at that point you are doing a lot more than passive investment.
Of course as a business owner you can have much higher returns because at that point you are doing a lot more than passive investment.
Quite by accident I left my youngest son's 2008 Coverdell deposit in a Money Market account rather than putting in the right fund. It's been sitting there making about $23 over the last year. I figure Obama is finally right about something - this is a great time to invest, so I moved it yesterday into the same fund that lost my oldest son some serious change. Fortunately, the boys have about 15-17 years left on the investment and they'll be going on a full scholarship for something anyway - just like everyone's children.
I haven't put much in my Roth lately since I have a nice teacher pension fund going and am investing the rest in the old government (read: taxes and Social Security I'm not allowed to take because I'm a teacher), but I'm sure it's not pretty. Fortunately, I'm not even 30, so I have time for my formerly $15k there to regain value and grow a bit more.
I agree that investing in business is good and definitely is a good value for your money, but diversification never hurt anyone.
I haven't put much in my Roth lately since I have a nice teacher pension fund going and am investing the rest in the old government (read: taxes and Social Security I'm not allowed to take because I'm a teacher), but I'm sure it's not pretty. Fortunately, I'm not even 30, so I have time for my formerly $15k there to regain value and grow a bit more.
I agree that investing in business is good and definitely is a good value for your money, but diversification never hurt anyone.
Quite by accident I left my youngest son's 2008 Coverdell deposit in a Money Market account rather than putting in the right fund. It's been sitting there making about $23 over the last year. I figure Obama is finally right about something - this is a great time to invest, so I moved it yesterday into the same fund that lost my oldest son some serious change. Fortunately, the boys have about 15-17 years left on the investment and they'll be going on a full scholarship for something anyway - just like everyone's children.
I haven't put much in my Roth lately since I have a nice teacher pension fund going and am investing the rest in the old government (read: taxes and Social Security I'm not allowed to take because I'm a teacher), but I'm sure it's not pretty. Fortunately, I'm not even 30, so I have time for my formerly $15k there to regain value and grow a bit more.
I agree that investing in business is good and definitely is a good value for your money, but diversification never hurt anyone.
Please for the sake of your youngest son take your money and bury it in your back yard. You won't lose a thing and you can come back to this thread in a year and thank me.
BO is pushing his socialist agenda and he gives a fuck less about the markets. Move it out now while you still have anything left.
Forget what the teacher's unions are stuffing down your throat and make a move now!
Buy silver
I bought it a few months ago at $10.75ish and closed my position around $14.00 for a 50%+ profit (I use leverage that's why it's more than 50%). Silver is retracing now, it's back to $13, and according to some "experts" it might come back down to around $10.50, but it'd be a good idea to buy a little brick now, then another brick at $12, and more at $11ish. Then hold that shit until it hits $35 later this year or next year.
I bought it a few months ago at $10.75ish and closed my position around $14.00 for a 50%+ profit (I use leverage that's why it's more than 50%). Silver is retracing now, it's back to $13, and according to some "experts" it might come back down to around $10.50, but it'd be a good idea to buy a little brick now, then another brick at $12, and more at $11ish. Then hold that shit until it hits $35 later this year or next year.
Great advice!! I also heard he's planning to change New York's name to "OBAMA-grad" and the Met will be renamed "Obama's Hermitage" in memory of Cathy the Great's getup in St. Pete's
Yippie for the new Leningrad! *faceslap*
Don't worry - I didn't buy AIG or GM. You need to brush up on your union information. Texas teacher unions are glorified legal clubs for protection against litigation-happy parents. They have nothing to do with economics and certainly don't offer any advice on the matter.
Nope, my investment is based on that insane piece of financial information I obtained years ago with my first degree.
Buy Low. Sell High.
It's low. I bought. It might go lower, but it sure as hell will eventually go higher, although I agree it's likely to flounder a bit on this watch for a bit longer.
Besides, I invested in some old blue chips - the real kind. You know, the ones that have done this failing economy mumbo jumbo once before?
Besides, you don't lose money in the stock market until you take your money out of the stock market. This is why it's considered a long-term investment.
More like buy high sell low
That was my favorite part of this first stages of the panic - everyone selling out after stocks had fallen dramatically, ensuring that they did in fact lose all of that money. If they'd left it there for a few years, they might have recovered some, if not all of the hit.
Of course, that doesn't include individual stocks of companies that are failing, but this is the purpose of research and portfolio diversification.
Maybe every person who gets to manage their own 401K or learns to put money into the market should take a course on how to manage the risk.
But then, that should have been the first sign of trouble - when idiots are talking about their portfolios yet have no idea what the term actually means or how to manage them correctly, we should have clued in a bit.
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