I made a decision a LONG time ago that I would put the maximum possible in my 401k and that I would not move things around willy nilly. I am in this for the long haul. I am only 35. We have a long way to go to retirement. We'll ride these things out. So when the market started tanking (I am not talking about this week, I am talking about the past year or so), I made a conscious decision to just put my fingers in my ears and go "lalalalalalalalalalalala....."
But today ... after the last two days .... I just couldn't not look. At a minimum, to check and make sure I didn't owe my 401K money and that here was no red on my accounts.
Our combined funds...down 22% since January 1. It could have been worse.
Still, I am 35, I will ride this out. I am not touching/moving/adjusting anything. The funds I am into are fundamentally sound and eventually will work their way back up. Right? Lalalalalalalalalalalllalllllaaaa.
Thank you George Bush. You have been such a fiscally responsible president. I am so glad you aren't one of those tax and spend democrats. I definitely prefer the tax and bailout option. Makes me feel better that my tax dollars are going to AIG instead of those hand out welfare moms with 7 kids and a bad crack habit.
2 comments:
The GOP should take a cue from the Germans and rebrand themselves the "Christian Socialist Party".
I share your pain with seeing awful numbers! I think our generation will never be able to really retire. We certainly won't be able to count on being able to collect our Social Security. Great to know that we are supporting the lavish lifestyle of those CEOs who are allowed to be so irresponsible...
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