How much did retirement accounts lose today?

Reply Sun 12 Oct, 2008 04:51 pm
@cicerone imposter,
I appreciate it, CI, that you are being willing to share that with us. -RJB-
cicerone imposter
Reply Sun 12 Oct, 2008 05:00 pm
rjb, From my discussions with my friends at the local coffee shop, we're doing pretty good compared to most who have investments in their 401ks and IRAs, but of those people are still in the work force.

I've always tried to be prepared for the worst, and had at least 40% invested in bonds, because that's what most financial pundits have been preaching for retired folks ever since I can remember. With the market down on equities, our percentage in bonds increased, but I did buy back about 25% into equities when the market hit about 9,000. That was my "low" target when I predicted the market last year, but that was before all hell broke lose two weeks ago.

It takes patience and understanding the macro-economics of not only the US but also the world's economies to understand the impact of the financial crisis that's hit most developed countries. I just know we haven't seen the worst of it yet, and much will depend on how consumers regain confidence in our economic environment, primarily based on the availability of liquidity. It's going to be slow going for quite awhile - in my estimation.
0 Replies
cicerone imposter
Reply Sun 30 Nov, 2008 07:55 pm
Here are the numbers through last Friday, November 28 (YTD):
DOW down 33%, Nasdaq down 42%, and S&P down 39%.
My funds are down 26%, and my wife's funds are down 17%. However, if I add back this year's withdrawal, I'm down 22%, and my wife is down 13%.
0 Replies

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