Assault and Battery

October 11, 2008 at 12:00am By: Mr. T Posted in Mr. T's Den


Just checked out my portfolio and saw that:

My retirement


401 plan return rate is Year To Date: -36.9%.
The main fund in my IRA is -32.02% since purchase.

A few of my non-retirement investments


Fidelity China Region is -36.75% since purchase.
Visa is -23.54% since purchase.

It still hasn’t hit me yet. Maybe sometime on Sunday I will have a nervous breakdown. Beerorkid Dude you can have my kitchen knives.

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The Comments

Dave K October 11, 2008 at 5:51pm

My 401k is down 48% YTD.  I’m scared to check my non-retirement accounts.

Fletch October 12, 2008 at 1:37am

Unless you are in your 60’s, don’t panic.

I believe there have been 10 or 11 corrections of around 40% in the stock market over the years. In every case, a year later, it’s back close to, or ahead of, where it was before the correction.

This too shall pass.

This is one of those times that I am glad I started investing in my early 20’s. I would call the toll-free number (pre-internet) every day to see if my mutual funds were up or down that day. I lived and died by those ups and downs. I soon learned how to stomach it, and now it doesn’t phase me.

Once I hit my mid-50’s, I will slowly change from agressive stock positions to less risky investments. By the time I am in my mid-60’s, I will be a chicken and invest in treasuries, etc. LOL

I really think the market can’t get a lot lower. If you have extra cash, this would be a good time to buy, not sell. There are certainly deals to be had, and some great price-to-earnings ratios.

Mr. T October 12, 2008 at 2:51pm

Capitalizing on the current situation as a buying opportunity is the only way to get some good out of this situation. I believe that the biggest stock market gain in history was the year following the outbreak of the great depression.

Still, its sad to see nearly a third of your investments evaporate. I’m not so much worried about retirement, but gain from my non-retirement investments was what I use for more investing.

Anyway, sounds like you’ve got a solid strategy there. I can’t believe all the people who are stomaching their stock losses now and moving into fixed income investments.

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