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Home > What? No comments about the stock market??

What? No comments about the stock market??

August 27th, 2015 at 01:25 am

I've been afraid to look at my brokerage balance. It can't be pretty.

Posted in Uncategorized | 12 Comments »

12 Responses to “What? No comments about the stock market??”

  1. creditcardfree Says:
    August 27th, 2015 at 01:32 am 1440639152
    1440639152

    I don't want to look! I don't panic, but I prefer waiting until I know it has recovered to look.

  2. starfishy Says:
    August 27th, 2015 at 01:37 am 1440639460
    1440639460

    hahaha - i was thinking the same thing - no posts about the market! i looked after the first day of the crash without knowing there was a problem and it wasn't pretty. not sure i can look again today... Frown Smile

  3. ceejay74 Says:
    August 27th, 2015 at 01:58 am 1440640704
    1440640704

    My main 401(k) lost about 10% of its value in about a week. I think most people think this isn't a serious dip, so it's kind of a non-story. I heard the Dow was already beginning to recover today, but that isn't reflected in my balance (the performance tool only goes up to the day before).

    It helps that our money is scattered around a bit; we don't even have $100K in any one account. So the losses don't look as bad spread out like that! (My 401(k) had about $84K and now has $75K.)

  4. Dido Says:
    August 27th, 2015 at 02:19 am 1440641993
    1440641993

    Avoiding looking is good...after all, it is long term money and occasional corrections are totally expected.

  5. Petunia in a Flower Garden Says:
    August 27th, 2015 at 02:26 am 1440642370
    1440642370

    I glanced at my balances. . . yesterday? I got through 2008 by being completely oblivious and not looking at all. I'm *intentionally* applying the same strategy this time.

  6. MonkeyMama Says:
    August 27th, 2015 at 02:51 am 1440643913
    1440643913

    *shrugs*

  7. VS_ozgirl Says:
    August 27th, 2015 at 08:50 am 1440665454
    1440665454

    Working at an accounting company through the GFC I did find that at the time it was a nasty result for retirement funds - here there are strict rules for how much pension you can withdraw each year and it is a percentage of the account balance, so when the value of the stocks plummeted so did the amount they were allowed to withdraw. But a couple of years later the market did correct and things got back to normal.

  8. Jenn Says:
    August 27th, 2015 at 12:04 pm 1440677075
    1440677075

    I do look (and it's REALLY ugly...) but I don't react. In fact, thinking objectively instead of emotionally, it's time to buy.

  9. Ima saver Says:
    August 27th, 2015 at 02:15 pm 1440684927
    1440684927

    I have been following it closely every day. I don't have much in individual stocks, but I am big into mutual funds. I prefer to buy and hold.

  10. My English Castle Says:
    August 27th, 2015 at 03:05 pm 1440687906
    1440687906

    I don't look until the quarterlies come out. Too upsetting otherwise. Long-term outlook and lots of deep breathing.

  11. ceejay74 Says:
    August 27th, 2015 at 03:10 pm 1440688235
    1440688235

    Now I'm checking it daily, out of curiosity. Now I've gained back a third of the lost value, and that's not counting today's surge. Too bad I didn't have any extra funds to invest while costs were low!

  12. FrugalTexan75 Says:
    August 30th, 2015 at 04:34 am 1440909249
    1440909249

    I got my new ROTH funding for August at Vanguard in just before the fund started going back up a good bit. So, got in at a discount. Smile

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