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...
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.)
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.
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.
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!
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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.)
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