2008 damage?

S

stang

Banned
Oct 24, 2002
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S ontario
Okay, a couple of days for the dust to settle now.
What was your financial hit last year?
My portfolio took a 14.5% haircut :(

I guess it could have easily been worse. After some late year buying I'll average down okay and look forward to a ralley this year.
 
ed_v said:
40% loss for me...
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That is about where I am as well, with in a few percentage points, for the investments I did not touch. Fortunately, I changed may of my investments last summer when I had a 'bad feeling', so I am certainly not as bad off as I could have been.
 
Shit...like a 70% lost :p I didn't sell and things kept going down...even the last week my Dow Chemical stock got beat up. It was a bad year.

But since I never sold, on paper I didn't lose anything. Now I am holding and hoping things get better.

Oh well, in 1987 the market crashed and I had a bad auto wreak..car crash came first....so 87 was a worst year for me. I do recall selling a few years later and doing OK then.
 
40% for me.
 
In the United States of America, a 401(k) plan allows a worker to save for retirement and have the savings invested while deferring income taxes on the saved money and earnings until withdrawal. The employee elects to have a portion of his or her wage paid directly, or "deferred," into his or her 401(k) account. In participant-directed plans (the most common option), the employee can select from a number of investment options, usually an assortment of mutual funds that emphasize stocks, bonds, money market investments, or some mix of the above. Many companies' 401(k) plans also offer the option to purchase the company's stock. The employee can generally re-allocate money among these investment choices at any time. In the less common trustee-directed 401(k) plans, the employer appoints trustees who decide how the plan's assets will be invested.

I contribute 6% of my monthly salary and the company matches my 6%. Last year i lost a total of 21% of my portfolio. Grrrrrr. Now i have moved my accounts to less aggressive stocks.

With a whole lot of luck on the 5th of January i will win the Millionaire Raffle in Michigan and i won't have to worry about it. See my post in gaming section, still time left to get your ticket.

Bob
 
After factoring in the small increase today of the dow I am now down 54.25%. I was down 72% at one point but made some changes and have recoverd slightly.
 
From investments

Lisa of Toronto said:
funny if i really evaluate about 40% up!! lol
Click to expand...
********


Then you know something that the world doesn't...:)
 
About 33% of my total investments were gone at one point. On paper.

All the growth was gone, as well as some of the principal.

I'm starting to see a slight recovery now.
 
There seems to be somewhat of an air of optimism right now, which the media is reporting on, and let's face it, the media often influences peoples investment decisions. It's the wide swings in market value that the speculators love. But..if many people start putting money back into the market and mutual funds with a long term outlook, we may start to see some positive growth again.

At least I hope so.
 
If you include my properties .... about 12 % .... with out them and flat up stocks ... around 36 % of what the peak value was ...
 
Too afraid to look at the damage. Sort of like cutting your finger and afraid to look. Anyway, still getting 3 squares a day and a roof over my head.

Good news. Stock market "experts" are predicting that the TSX will do better in 2009 than in 2008 and we know that these experts are always right. Right?
 
Well there is no way 2009 can be as bad as 2008 was :p
 
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