frenzal rhomb Posted January 21, 2016 Share Posted January 21, 2016 no ones talking about this here. I'm horrified. I have lost 10 percent of my 401k balance since August plus all of my contributions since August so that makes it even greater loss. Is anyone riding this out or selling off?? Quote Link to comment Share on other sites More sharing options...
loaf Posted January 21, 2016 Share Posted January 21, 2016 young enough to ride it out Quote Link to comment Share on other sites More sharing options...
Zooty Posted January 21, 2016 Share Posted January 21, 2016 Gambling is a risky business. Sometimes you win but the house always wins. 1 Quote Link to comment Share on other sites More sharing options...
frenzal rhomb Posted January 21, 2016 Author Share Posted January 21, 2016 well good news is at 46 Im only 55 percent in the market and 45 percent safe. I was planning on playing wit the stocks til 50 then going all safe but piling the annual max into the 401k. I just fear a bottom of like 7000 or so. Hope we're now buying low. Quote Link to comment Share on other sites More sharing options...
Junkyard Posted January 21, 2016 Share Posted January 21, 2016 Market is cyclical, and it only took a few years after it bottomed out in 2008-2009 before the gains were recaptured and even more. I'm also mid-40's and just riding it out. Actually wishing I had some more cash on hand to get in there over the next 6 months. Just don't sell at the bottom... missing the turnaround even by a day is disastrous. I feel for older investors at or in retirement that may not have been more conservatively invested. I get angry at the media fanning the flames... Bear market, global economy, China, and oil are all serious topics, but I also feel there is a media frenzy trying to profit from people's fears. Quote Link to comment Share on other sites More sharing options...
frenzal rhomb Posted January 21, 2016 Author Share Posted January 21, 2016 Market is cyclical, and it only took a few years after it bottomed out in 2008-2009 before the gains were recaptured and even more. I'm also mid-40's and just riding it out. Actually wishing I had some more cash on hand to get in there over the next 6 months. Just don't sell at the bottom... missing the turnaround even by a day is disastrous. I feel for older investors at or in retirement that may not have been more conservatively invested. I get angry at the media fanning the flames... Bear market, global economy, China, and oil are all serious topics, but I also feel there is a media frenzy trying to profit from people's fears. well at least we're saving 10-12 bucks every time we gas up Quote Link to comment Share on other sites More sharing options...
Junkyard Posted January 21, 2016 Share Posted January 21, 2016 You should come visit CT. Gas is still $2 a gallon, and the governor just proposed a .$14/gallon tax increase, tolls, and increased DMV fees to cover road improvements. State deficit is projected at $500mm at the moment. Meanwhile, GE is leaving the state for greener pastures in MA, which is a big chunk of tax revenue. This kind of stuff at the local and state level is actually far more concerning to me than the market volatility. Hoping to relocate in the next few years. Quote Link to comment Share on other sites More sharing options...
frenzal rhomb Posted January 21, 2016 Author Share Posted January 21, 2016 You should come visit CT. Gas is still $2 a gallon, and the governor just proposed a .$14/gallon tax increase, tolls, and increased DMV fees to cover road improvements. State deficit is projected at $500mm at the moment. Meanwhile, GE is leaving the state for greener pastures in MA, which is a big chunk of tax revenue. This kind of stuff at the local and state level is actually far more concerning to me than the market volatility. Hoping to relocate in the next few years. I'm pretty sure PA has one of the highest - if not the high highest gas taxes in the country and even so we're under two bucks a gallon Quote Link to comment Share on other sites More sharing options...
loaf Posted January 21, 2016 Share Posted January 21, 2016 $1.55 here this morning Quote Link to comment Share on other sites More sharing options...
HowboutthemCowboys Posted January 21, 2016 Share Posted January 21, 2016 I'm pretty sure PA has one of the highest - if not the high highest gas taxes in the country and even so we're under two bucks a gallonjust. $1.99 here, over 2 in a few stations still Quote Link to comment Share on other sites More sharing options...
BA Baracus Posted January 22, 2016 Share Posted January 22, 2016 You should come visit CT. Gas is still $2 a gallon, and the governor just proposed a .$14/gallon tax increase, tolls, and increased DMV fees to cover road improvements. State deficit is projected at $500mm at the moment. Meanwhile, GE is leaving the state for greener pastures in MA, which is a big chunk of tax revenue. This kind of stuff at the local and state level is actually far more concerning to me than the market volatility. Hoping to relocate in the next few years. Ahhh...the benefits of big government, cuz government knows best! Quote Link to comment Share on other sites More sharing options...
Dolphin_Akie Posted January 22, 2016 Share Posted January 22, 2016 You should come visit CT. Gas is still $2 a gallon, and the governor just proposed a .$14/gallon tax increase, tolls, and increased DMV fees to cover road improvements. State deficit is projected at $500mm at the moment. Meanwhile, GE is leaving the state for greener pastures in MA, which is a big chunk of tax revenue. This kind of stuff at the local and state level is actually far more concerning to me than the market volatility. Hoping to relocate in the next few years. Try living in the UK. We pay the equivalent of $7 per gallon but I guess we don't have widespread tolls. Quote Link to comment Share on other sites More sharing options...
HowboutthemCowboys Posted January 22, 2016 Share Posted January 22, 2016 we don't have widespread tolls.neither do we Quote Link to comment Share on other sites More sharing options...
BA Baracus Posted January 22, 2016 Share Posted January 22, 2016 Enjoy! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.