Forced to look at Retirement Savings (puking)

C

Chapdog

Abreast of the situations
Got notice that I have to make an election for payout of a former companies pension and had to log into same institution that holds my retirement IRA. I really was trying to avoid looking at it but in order to get my payout so that it doesn't default to some shitty annuity I had to.

OMG seeing the all time low really is sad. I have not been at this level since 2003. Makes you really wish that you could go back a year in time and say.. you know Im gonna cash out my money and pay my house off.

The only good news is to get some more dry powder out of the pension payout so I can buy more.

Oh well.. easy come easy go. I guess I can brag about my 200% returns over next 5years when in reality all im doing is making up my loses from this year.
 
uscitizen said:
Ahh the business types are the eternal optimists.
Click to expand...

What can you do? Go crawl under a rock? Im only 34 so I have to stay in growth.

Fact of the matter is that its not worth crying over spilled milk. I dont need that money for 30years or more so this is just an enigma.
 
I haven't looked at my 401k since the housing market collapsed.

I am 48, so retirement isn't that far away. Unless the economy rebounds well or I win a lotto, ya'll can find me greeting people at WalMart.
 
Yeah, I'm not looking forward to doing end of month for the non-profit. I can't imagine what it is going to be like.
 
I was a trader for Fidelity in the late 90's. When I moved out of trading I was still a "reservist" who would on heavy market days have to go back to the trenches. I was there for the .com bust and dealt with the trades. Its very sad to see people selling at the bottom and losing everything. I think we are close to bottom now and under no circumstances would I sell.
 
I'm so glad I don't have to look for any reason.

Still, I'm optimistic. The "crash" didn't really relate at all to the state of the overall economy; it was really sheer panic when it dipped below 10,000.

I don't think it's going to take forever to get back up to where it was....
 
I look every day and I show and tell my son the progress (or lack there of in the short term).

I am teaching him in the best possible way the reality of what the market does.
 
once we are in the recession is when the markets will recover btw. look at any recession and the midpoint of said recession is when you see the stock market taking off.
 
Gold is down like 30%.

Stocks have been overpriced for years and they are just now getting cheap. Keep buying
 
Topspin said:
Gold is down like 30%.

Stocks have been overpriced for years and they are just now getting cheap. Keep buying
Click to expand...

well I will have a little extra dry powder coming soon to avg down some things Im not keen on the idea of upping my savings again. I saved a lot my first 10years of my career living pretty meager and its worth shit now. This was the part of my plan where i pay down my mortgage as fast as i can so I can buy a second home within next 10years so I dont exactly wanna put that plan to the curb so I can invest more.
 
and so many here on the right trashed him daily here.


he was right all the fucking time.


You were partisan hacks who couldn't keep up with him
 
Onceler said:
I'm so glad I don't have to look for any reason.

Still, I'm optimistic. The "crash" didn't really relate at all to the state of the overall economy; it was really sheer panic when it dipped below 10,000.

I don't think it's going to take forever to get back up to where it was....
Click to expand...

Hey...I was kinda right!

Look, desh - I can beat my chest too!
 
You must log in or register to reply here.
Back
Top