Yeah, if your contributions between two funds are 50/50 and your contributions grow out of whack to 90/10 then that would suck big time.

9/29/2008 3:28:33 PM

worst day ever so far, down 13% today alone basically I might as well count on either taking huge losses or holding these things for 5 years

9/29/2008 3:33:09 PM

I'm just going to hold mine. Too late to sell.

9/29/2008 3:33:37 PM

fOUND IT i can reallocate my currently invested funds. Might as well sweat out the dip. No point in taking the time or stress to micromanage my 401k.

My discretionary account is a different matter....

9/29/2008 3:35:58 PM

look on the bright side though

if your 401k contributions are at the end/first of the month, you'll get some good buys this month

9/29/2008 3:36:01 PM

^ haha, good thinking.

9/29/2008 3:38:22 PM

Quote :

"No point in taking the time or stress to micromanage my 401k. "

You should at least balance it yearly if not more often.

9/29/2008 3:38:48 PM

Yep, I should have sold a few last week on the big rally but didnt and now Im kicking myself, basically was betting on the bill getting passed and creating more of a rally.

9/29/2008 3:43:03 PM

Quote :

" You should at least balance it yearly if not more often. "

What do you mean; edit allocations to match my preferred asset amount??

I am new to the 401k game, started mid aug, so even though i know quite a bit about investing I don't know much about retirement saving.

9/29/2008 3:46:49 PM

Quote :

"BTW who is this guy they keep suspending. What did he do?"

It's Chance. I made a single comment in TSB last week when TreeTwista and Kainen were going back and forth like faggots (whoa, I thought it was just me always trolling TSB, never TreeTwista doing anything)

Here:

http://thewolfweb.com/message_topic.aspx?topic=539332&page=39

Quote :

" Kainen All American 2841 Posts user info edit post block user Quote : "why dont you go salivate over some huffington post blog" Why don't you go jerk off Drudge, Fat Rush or Hannity? Funny thing is, I don't even read the huffington post! Honestly. I don't expect you to believe it but I don't. Sorry, but it's true...not on my RSS Feed either. Admit it - you do not have a real opinion, it's all a bunch of reaction vague cynical bullshit trying to look like some wise internet sage yoda type. In reality all you do well is play xbox. At least your posts in entertainment have substance, jackass. 9/25/2008 4:28:11 PM TreeTwista10 Suspended 70802 Posts user info edit post block user Quote : "Why don't you go jerk off Drudge, Fat Rush or Hannity?" you might have a point, except i dont read drudge, listen to rush or watch hannity...if i've ever in a post mentioned any of them or quoted any of them, please point it out...i assure you you will find ZERO Quote : "Funny thing is, I don't even read the huffington post! Honestly" really? thats odd...considering i've googled a number of your posts that seemed kind of out there and they've showed up word for word...with a huffingtonpost url....but you dont even read it...hmmmmm... 9/25/2008 4:48:24 PM Kainen All American 2841 Posts user info edit post block user lol. empty claim. Which posts? I don't read the Huffington Post so I don't know how you could possibly trace them there. What I am though is throughly amused now that you're pathetic enough to take the actual time it takes to run reference checks on what I write like you were an 8th grade english teacher. That's a first! 9/25/2008 5:00:24 PM TreeTwista10 Suspended 70802 Posts user info edit post block user Quote : "What I am though is throughly amused now that you're pathetic enough to take the actual time it takes to run reference checks" when you post a list of points that are all clearly biased, it doesnt take much "actual" time to copy and paste it into a google window and click search, and see your entire post, verbatim, from a huffington post opinion piece last time...are you denying that you routinely copy and paste paragraphs and articles from huffington post and post them verbatim on TWW without any quote boxes, let alone without citing the source? i just want to give you one last chance to back out of this claim of yours before i actually do spend a couple minutes finding examples i recall doing this in the last week, so it wont take me long...but i will give you one more chance to back out of your bogus claim "

And Josh Duke does like he has done several times before, spends 2 minutes on the wolfweb in between the eleventy other things he has going on, sees "familiar" culprits and pulls the suspension hammer.

No warnings, no nothing. 5 more bones pissed away because you have guys with the mentality of an infant that can't handle even a single shred of negative criticism about their moderation.

You have a whole website of people that know one thing, I'm a troll, despite a huge body of helpful posts, from cycling threads, to sports threads, to this thread, to politics threads.

And now the moderators have some sort of mandate to just ban me for any little thing they don't agree with.

Not a single one of them has come out and said "you know, you really talked a lot of shit, but we'll go back to square one if you cut the shit talking about the mods out and tone down the flaming"

Instead, I get guys like synapse messaging me after 2 days with a new name proclaiming "were shocked you haven't started trolling yet". He's done that with my past 2 or three aliases.

We got guys like gunzz, that will be really quick to talk shit to me, then just suspend me when he realizes his words mean nothing when he isn't in any sort of a position with
his argument in the first place


I mean fuck.

I'm just trying to educate some people here....about your comment regarding the 401k.


Look, open your thought process for a split second here man. I am not advocating you move your 401k to stable value and let it sit there. I'm telling you, have been telling you for a couple weeks now
that ALL TRENDS ARE NEGATIVE. Using the "it will go up eventually so I'll just leave it there for now" logic is an abortion of a thought. Let's think about this a different way. The 4k+ loss I'm going to avoid today
that 4k compounded at a paltry 7% interest rate until I retire will be ~35k. That's the difference in a new nice car and an old beater civic. I had the same mentality as you back in October when
I started reading a lot of forecasting about this crisis coming. I had the same mentality, "you know, I've never managed my 401k, and I'm probably not good enough to make smart moves with it,
so I'll leave it with the people that know what is going on". Then I looked at it a month ago and saw that the ~10k contributed by myself and my company match up to this point this year was nearly
wiped out by the market. I started tearing through everything I could find reading about this financial crisis, and the guys that almost had me motivated in October last year to do something were
still heavily negative, and had been right on most everything across the board. So I did something about it. I'll say it again with this one post that I'll no doubt have.

This market is bad. Bad bad bad. I claimed 2000 points over a couple weeks earlier this morning. Were down ~650 as I type this. The market would be below here had the ban on short
selling not been passed and had any talked of a bailout not started. The past 2 weeks have been an artificial prop on the prices - only now, the talk about how this thing wasn't going to work
hit main stream and everyone is spooked.

Just get out of the way for a couple to a few weeks. Once you start seeing economist turn a little positive about whatever plan gets cooked up, move it back in for a short term pop in the market,
then make a new decision based on the new information from that point.

9/29/2008 3:47:50 PM

So, you advocated to sell now when it's low and buy later when it is high?

9/29/2008 3:51:06 PM

dudes, give it a rest, we don't have time for your personal catharses.

there are some people who appreciate your point - no need to type enormous amounts of text to convince the others.

chill out and come back later.

9/29/2008 3:53:37 PM

IMHO if you want to support TWW with $5 for every new name than go ahead and get another. Though you should get another "chance", no pun intended, where the first time you troll than bye bye.

9/29/2008 3:53:56 PM

I think that was an intended pun.

http://www.thebestpageintheuniverse.net/c.cgi?u=puns

[Edited on September 29, 2008 at 3:57 PM. Reason : link]

9/29/2008 3:57:08 PM

Chance's logic might make sense if you are heavily invested within your 401k to the point in which the fee's associated with swapping out mutual funds becomes a negligable %age. Also, you would need to have heavy research and monitoring of the market. Lastly the further from the retirement you are the less effect it would have as your minor fluctuations will be diluted by 40 continuing years of contributions.

9/29/2008 3:57:27 PM

thank god for a bit of a late day rally if you can even call it that, only down 10% now for the day instead of 13%, yay

WTF I gained another 4% in the last 5 minutes, ESLR jumped a whole dollar in the last 5 minutes, I actually have 2 stocks claiming they are in the green... this has to be a mistake

[Edited on September 29, 2008 at 4:03 PM. Reason : .]

9/29/2008 3:57:43 PM

i think that rally disappeared

9/29/2008 4:02:41 PM

NASDAQ 1983.73 -199.61 9.14%
DJIA 10456.64 -686.49 6.16%
S&P 500 1118.75 -94.52 7.79%

9/29/2008 4:07:47 PM

So was this the second worst day ever percentage wise for NASDAQ and S&P 500, after 1987?

NASDAQ actually only lost 11.3% in 1987 so it came close to breaking that

9/29/2008 4:15:23 PM

Why did the energy sector take such a beating comparatively.

9/29/2008 4:15:38 PM

Because oil dropped 10 bucks a barrel?

9/29/2008 4:17:44 PM

10,365.45
-777.68 (-6.98%)
Sep 29 - Close

9/29/2008 4:20:34 PM

lucky -777.7 (-7%) lol




[Edited on September 29, 2008 at 4:22 PM. Reason : .]

9/29/2008 4:21:48 PM

Well I cant complain as much, I went down 13% to down 6% in the last 30 minutes of the day lol

9/29/2008 4:26:12 PM

lucky 7's all in

9/29/2008 4:27:21 PM

What's next, a ban on stock sales?

http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/whats-next-a-ban-on-stock-sales.aspx

9/29/2008 4:27:29 PM

i think the VIX is at an all time high

buy when there's blood on the streets

9/29/2008 4:31:35 PM

The only thing keeping me from buying:

1: Don't know where I'd put it if I did...
2: Don't know if this is the bottom yet or if we have further to go.

9/29/2008 4:36:18 PM

I think this will have a pretty good roi.

https://www.amazon.com/exec/obidos/ASIN/B001413DF8/km-20/ref=nosim

9/29/2008 4:39:25 PM

so i guess the majority here are still like me and heavily invested in stocks and hoping it becomes gains in the long run?

9/29/2008 4:46:59 PM

yep, only wishing I had waiting a few months to start investing so I could have gotten in at these prices instead

9/29/2008 4:47:47 PM

yep

9/29/2008 4:48:48 PM

What percentage does the stock market have to drop in one day to force it to shut down?

9/29/2008 4:48:55 PM

* The market will halt trading for an hour if the Dow drops 10% before 2 pm.
* Trading will halt for two hours if there is a 20% drop in the Dow before 2 pm.
* If the Dow drops 30%, trading is halted for the day.
* Significant events, such as the tragedy of Sept. 11, 2001 may be cause for not opening the markets at all or closing them early to prevent a panic.

http://stocks.about.com/od/whatmovesthemarket/a/crash102904.htm

9/29/2008 4:52:29 PM

i'm keepin my money in my 401k

hopefully it will pay off in the end

how come the year i start heavily investing this happens???

9/29/2008 5:45:16 PM

Markets pwnt. Stay home.

9/29/2008 5:54:16 PM

^^^ Thanks. I am teaching my students about percent change problems today and this stock market stuff is a good example of a percent decrease problem.

9/29/2008 6:29:19 PM

the very fact that Cramer is saying not to buy stocks makes me feel more assured about wanting to buy stocks

9/29/2008 7:03:10 PM

Dow Jones just did a facepalm.

9/29/2008 7:07:32 PM

Quote :

"i think the VIX is at an all time high "

I'm not high now, I promise.

9/29/2008 7:11:22 PM

Ouch.







Well, time to wait out this silliness.

9/29/2008 7:31:46 PM

heh, glad I switched jobs and pulled out my (measly) 401k while the market was still @ 12k

its like I didn't get taxed at all now

9/29/2008 8:16:44 PM

yeah, you should be happy about selling low

9/29/2008 8:18:03 PM

i sold $2600 in GOOG about a week ago and re-invested in the S&P 500 today around 2:30. I jumped the gun a little I should have known to wait until the end of the day.

I'm kicking myself for not keeping a little more cash on the sidelines the past few weeks but I'm kicking my 401k contributions up to 20% and going all in every 2 weeks or so in my brokerage account.

These are going to be long run winners, the panic is way too widespread for people to even think about true valuations.

9/29/2008 10:35:19 PM

Quote :

"So, you advocated to sell now when it's low and buy later when it is high?"

I advocate selling now when it is low and buying later when it is lower.

This is the same argument you guys used 2 weeks ago when I sold and it was higher. Look, I don't purport to even think I am going to time a bounce, however, I will be able to start seeing the positive news as it comes in and get back into the 2040 once it is prudent. I think that is the point you people aren't getting.

9/29/2008 10:56:05 PM

geez my mom started her 401k like a year ago and is going to retire in 6 years

she called me asking me what she should do

i wanted to say ur fucked but i told her to go to a financial advisor - i hope they're not living with me in 10 years

what would you do if you were close to retirement in this situation? especially if you had a ton of money in your 401k

9/29/2008 11:06:12 PM

if the market hasn't recovered in six years I'd say we're pretty well fucked. I'd tell her to just leave it alone. I think a financial advisor will probably tell her basically the same and tell her to start moving towards safer assets in the next few years . 6 years is still a good long time.

9/29/2008 11:13:27 PM

^ agreed.

i'm pretty sure since the great depression there has never been a decade where the stock market has finished lower than it started.

granted today was a 700 point drop - but it's only 6.9% of the total value (compared to 22% drop in 1987). it will probably open tomorrow down pretty hard and i'm hoping to get in late in the day.

on the bright side, energy costs are down and the dollar gained against the pound. i'm planning on dropping a few grand in the next day or two into an index and riding it out for a couple of years.

look for talk of a bill to increase FDIC insurance limits and to provide federally backed insurance on subprimes - if that is the case then the markets should begin to settle (because if people know the government is going to insure the subprimes, they'll start buying them up).

and it will cost us a lot less than the 700 billion figures thrown around today

[Edited on September 29, 2008 at 11:31 PM. Reason : .]

9/29/2008 11:30:59 PM

Quote :

"I advocate selling now when it is low and buying later when it is lower."

Sorry, I didn't know you were trying to time the market.

Quote :

"What do you mean; edit allocations to match my preferred asset amount??"

I mean balance it so it doesn't get out of whack when one investment outperforms another. Let's say you invest 50% in large cap and 50% in small cap and the markets changes so after a year you have 70% in large cap and 30% in small cap. You hit the balance button and it sells of large caps and buy small caps so you once again have 50/50 of each.

Quote :

"I won't be down quite that much, but it will certainly be a big chunk of change. "

Just as suspected I was right around that mark.

9/29/2008 11:47:14 PM

I'm down about $2,800.

[Edited on September 30, 2008 at 12:14 AM. Reason : ]

9/30/2008 12:14:25 AM