Friday, October 10, 2008

401K

As of this morning my 401K is down 39.2%. That's ridiculous. So much for that $700B bailout plan. This infuriates me.

5 comments:

Anonymous said...

Ours is also down a huge amount also,,I almost cried last night when looking @ it...all we can do it ride it out wait..

Kara said...

I looked at mine, but rolled over all to an IRA with my financial advisor. So I haven't received the statement yet. We know what happened to the bail out money. Did you hear about the mortgage company (can't remember the name) that took the executives to some resort a week after receiving the money.

AJ said...

I haven't even looked at mine for that reason. I figure I've got 40+ more years to bounce back:) I think as far as the bail out goes, it's like gas prices. If something goes wrong we get screwed immediately, if it gets better, we get a very slow improvement process. It sucks!

Jericho Rose said...

Ditto......when will it end?

alanna rose said...

Yeah, it sucks....but we are all in an enviable position. While the market is down the funds that we are invested in will be gobbling up shares, and when the market goes back up we'll all experience a huge influx of money.

I'm more upset at all of the people who've been living above their means for so many years and have put us in this situation. Would it really have been such an inconvenience for them to live in homes they could afford and drive cars that they could afford and pay for things with REAL MONEY instead of credit all of the time?