AFBLUE Posted September 17, 2008 Report Share Posted September 17, 2008 Out of shear luck I happen to sell some SP 500 index fund shares last Jun. It was near it's all time high. These funds eventually went to pay off my 08 SGT. That wasn't the original plan, but due to recent crappy housing market, that's how it worked out. Today I went back and calculated how much those mutual funds shares would be worth now...about $9K less. So I could sell my SGT now and have more money than if I kept it in that mutual fund. Plus I got to drive a cool car for a few months on top of that. I knew these cars were great investments :D Link to comment Share on other sites More sharing options...
twobjshelbys Posted September 17, 2008 Report Share Posted September 17, 2008 There are alot of brokers today using the old line from Airplane: I sure chose a bad day to quit drinking I sure chose a bad day to quit smoking. I sure chose a bad day to quit... Even supposedly "safe haven" items like a key money market fund (which is usually offered by 401Ks) sunk below $1 par value... They "broke the buck" today. I'm sure glad I got out of the market a year ago. I'm not making any money but I'm not losing any either (I don't think my mmf is the one I mentioned above. At least I hope not.) We will soon be in a recession that will match the '29 bust. It ain't gonna be pretty. Link to comment Share on other sites More sharing options...
1965coupe Posted September 17, 2008 Report Share Posted September 17, 2008 We will soon be in a recession that will match the '29 bust. It ain't gonna be pretty. Really? Say it aint so... I mean, please.. will that really happen?? Should I consider my losses now?? I invested all my money in mutual funds in... OCTOBER 2007... Just about the worst time.. right at the market's peak.. From now on, it's all going into savings and CDs.. Link to comment Share on other sites More sharing options...
07shelbygt109 Posted September 17, 2008 Report Share Posted September 17, 2008 We may very well be headed for a recession but don't give up faith in the market. IF you have investments, ride it out. In the history of the stock market there has never been a ten year period that didn't see an increase. You may think you are going to lose your shirt but as long as you are invested in good, solid, time proven companies, just hold on. Eventually the market will rebound and you will make some money. Now is the time to be long on investments. Plus if you sell off just because you are scared a recession is coming then all you are doing is helping it hurry up and get here. Link to comment Share on other sites More sharing options...
twobjshelbys Posted September 17, 2008 Report Share Posted September 17, 2008 We may very well be headed for a recession but don't give up faith in the market. IF you have investments, ride it out. In the history of the stock market there has never been a ten year period that didn't see an increase. You may think you are going to lose your shirt but as long as you are invested in good, solid, time proven companies, just hold on. Eventually the market will rebound and you will make some money. Now is the time to be long on investments. Plus if you sell off just because you are scared a recession is coming then all you are doing is helping it hurry up and get here. Get hooked up with a financial planner. During the last one of these fiascoes I had a 401K that my advisor said "ride it out it'll come back" and he turned north of $100K into $40K, where it has stayed (mostly due to the limited funds available in 401K). If you are nearing retirement get into cash - it's too volatile. That is what I did. I might go momentarily back into the market in short intervals but will be ever wary. I'll be 56 in November. I'd like to have thought I would retire (or at least do something less stressful) in 4 or 5 years. That ain't gonna happen. And I don't have 20+ years to ride this drop out. It is a VERY GOOD TIME to BUY!!! Watch for the floor though before buying in bulk (e.g., converting cash to a mutual fund in a 401K account). It is a good time to start contributing to some of the historically good performing funds while they are at their lows. Averaging helps in this case. To me this is like playing craps. When I get ahead I take some of the money and put it in my pocket and play with the reserve. At this time, I made more money at the craps table when I was picking up my SGT than I did in the market last month. MMF yields are for all intents 0. (0.25%, passbook savings rates). I made $12 at the table I'm not a stock market maven. Just stuck with some 401Ks with very little flexibility, and composed of all losing funds. Link to comment Share on other sites More sharing options...
twobjshelbys Posted September 17, 2008 Report Share Posted September 17, 2008 Really? Say it aint so... I mean, please.. will that really happen?? Should I consider my losses now?? I invested all my money in mutual funds in... OCTOBER 2007... Just about the worst time.. right at the market's peak.. From now on, it's all going into savings and CDs.. I'd like to but I sure don't feel good about what has happened over the last 5 years. I just looked at the dow chart. We're back where we in July, 2006 and headed downward. Link to comment Share on other sites More sharing options...
SGT/SC2873 Posted September 17, 2008 Report Share Posted September 17, 2008 just watched the news ---depressing then checked my stock portfolio online -17% and that doesn't include today's hit --depressing decided to go to my comfort zone (TS) and found this topic, now I really need a beer.... Link to comment Share on other sites More sharing options...
twobjshelbys Posted September 17, 2008 Report Share Posted September 17, 2008 Get hooked up with a financial planner. I'll be 56 in November. I'd like to have thought I would retire (or at least do something less stressful) in 4 or 5 years. That ain't gonna happen. By the way, if I'd gotten out when some friends advised me to in the early stage of the internet bubble burst I would be retired NOW. Now I never will. I can safely blame two presidents for ruining the economy. [Whether this is an engine powered independent of an administration is always up for debate. I think the momentum for this one was built in the late days of Clinton.] Also, you should really consider your home just like any stock. If it suddenly appreciates, consider taking your profits. I will do that from now on too. Real estate has dropped about 50% from the highs here, with no signs of recovery for 3-5 years. My home could not be rebuilt for the selling price I'm asking, and the spec I built is $200K under water. Link to comment Share on other sites More sharing options...
twobjshelbys Posted September 17, 2008 Report Share Posted September 17, 2008 just watched the news ---depressing then checked my stock portfolio online -17% and that doesn't include today's hit --depressing decided to go to my comfort zone (TS) and found this topic, now I really need a beer.... I need something alot stronger than that Link to comment Share on other sites More sharing options...
07shelbygt109 Posted September 18, 2008 Report Share Posted September 18, 2008 Get hooked up with a financial planner. During the last one of these fiascoes I had a 401K that my advisor said "ride it out it'll come back" and he turned north of $100K into $40K, where it has stayed (mostly due to the limited funds available in 401K). If you are nearing retirement get into cash - it's too volatile. That is what I did. I might go momentarily back into the market in short intervals but will be ever wary. I'll be 56 in November. I'd like to have thought I would retire (or at least do something less stressful) in 4 or 5 years. That ain't gonna happen. And I don't have 20+ years to ride this drop out. It is a VERY GOOD TIME to BUY!!! Watch for the floor though before buying in bulk (e.g., converting cash to a mutual fund in a 401K account). It is a good time to start contributing to some of the historically good performing funds while they are at their lows. Averaging helps in this case. To me this is like playing craps. When I get ahead I take some of the money and put it in my pocket and play with the reserve. At this time, I made more money at the craps table when I was picking up my SGT than I did in the market last month. MMF yields are for all intents 0. (0.25%, passbook savings rates). I made $12 at the table I'm not a stock market maven. Just stuck with some 401Ks with very little flexibility, and composed of all losing funds. Re read what I typed. I stated as long as you were invested in good, solid, time proven companies. Not inflexible 401k's. I do have a 401K with some money in it but I also have CD's and am invested with stocks outside of funds. Link to comment Share on other sites More sharing options...
1965coupe Posted September 18, 2008 Report Share Posted September 18, 2008 Re read what I typed. I stated as long as you were invested in good, solid, time proven companies. Not inflexible 401k's.I do have a 401K with some money in it but I also have CD's and am invested with stocks outside of funds. Well.. I'm only 23. I have 5 different funds with American Funds (one is an IRA)... They (supposedly) have a good track record.. I just won't touch the money for a while.. or at least until it gets back to the original amount.. It's down about $5k or so. Link to comment Share on other sites More sharing options...
twobjshelbys Posted September 18, 2008 Report Share Posted September 18, 2008 Re read what I typed. I stated as long as you were invested in good, solid, time proven companies. Not inflexible 401k's.I do have a 401K with some money in it but I also have CD's and am invested with stocks outside of funds. I wish there was a way to take money out of 401K and move it to an IRA, but as long as you are employed by your current employer that money is captive. Link to comment Share on other sites More sharing options...
1965coupe Posted September 18, 2008 Report Share Posted September 18, 2008 And I now that I am able to take "risks" because I'm starting young.. It's just too stressful.. Link to comment Share on other sites More sharing options...
twobjshelbys Posted September 18, 2008 Report Share Posted September 18, 2008 There are alot of brokers today using the old line from Airplane: I sure chose a bad day to quit drinking I sure chose a bad day to quit smoking. I sure chose a bad day to quit... Even supposedly "safe haven" items like a key money market fund (which is usually offered by 401Ks) sunk below $1 par value... They "broke the buck" today. I'm sure glad I got out of the market a year ago. I'm not making any money but I'm not losing any either (I don't think my mmf is the one I mentioned above. At least I hope not.) We will soon be in a recession that will match the '29 bust. It ain't gonna be pretty. I had to look. Even my "safe haven" money markets and bonds lost today. Down 1% over 2 days ago. Looks like it might be time to start buying gold and platinum (the kind you bury in the back yard, not stcoks in holding funds.) Link to comment Share on other sites More sharing options...
AFBLUE Posted March 11, 2009 Author Report Share Posted March 11, 2009 Out of shear luck I happen to sell some SP 500 index fund shares last Jun. It was near it's all time high. These funds eventually went to pay off my 08 SGT. That wasn't the original plan, but due to recent crappy housing market, that's how it worked out. Today I went back and calculated how much those mutual funds shares would be worth now...about $9K less. So I could sell my SGT now and have more money than if I kept it in that mutual fund. Plus I got to drive a cool car for a few months on top of that. I knew these cars were great investments :D Just an update. If I had kept my money in that mutual fund, my $35K would now be worth $15,600. Thus proving again what a great investment this car has been. I should have sold all my mutual funds and bought several Shelby GTs. :D Link to comment Share on other sites More sharing options...
KCMO-GT500 Posted March 11, 2009 Report Share Posted March 11, 2009 ..the half finished six pack of beer in my fridge has a much better return than the stock market right now..... Link to comment Share on other sites More sharing options...
Mustang_Scotty Posted March 11, 2009 Report Share Posted March 11, 2009 Well I had a $135,000 in my retirement fund and now it's under $75,000. When this ever comes back before I retire I will never put it in risky again. SAFE funds from now on. But at least I have my SGT Vert Link to comment Share on other sites More sharing options...
DDT Posted March 12, 2009 Report Share Posted March 12, 2009 Sad thing is change the "WHEN" it comes back to "IF"it comes back?????????? Nasdaq Cratered 9 years ago and did not recover.......... Still may be a good time to sell stocks????????? Link to comment Share on other sites More sharing options...
AFBLUE Posted March 12, 2009 Author Report Share Posted March 12, 2009 I've heard 3000 to 5000 for the bottom of the Dow...but what do these talking heads know? I don't need this money for 25 years so hopefully I can break even by then. Link to comment Share on other sites More sharing options...
wmoore Posted March 12, 2009 Report Share Posted March 12, 2009 I just retired from the AF and am now working in the Civil Service....call me stupid but, I lost 15 K in my TSP fund last year so, I made a decision. I took a loan against my TSP for the very future upgrades on my Shelby, at least I'm gauranteed to make 2.875% interest in the future..cause the interest goes to me. I'm only 42 and still have some years to play with and the way I see it....why not get something I want!! Most of the stocks I bought were at $25 bucks a share and now they are worth less than $10. So, I will pay it back and buy the stocks at a cheaper rate. At least that's how I convinced myself..LOL....miles per smile!!! Link to comment Share on other sites More sharing options...
William Rodgers Posted March 12, 2009 Report Share Posted March 12, 2009 Times are tough, that is for sure, and it is not even close to over yet. I switched my 401k over about 7 months ago and am very glad I did so. Back then everyone said do not do it now, we are at the bottom. Right, not even close. Some funds lost 70+ percent last year and are already losing double digits this year. Crazy, I will continue to buy the risky funds hoping it rebounds at some point, but the bulk of my money is in the least risky fund. By the way, not sure how many of you get Stock Options from your job, but all of mine have been under water. Thankfully my company changed them to Restricted shares a few years back so at least we get the actual value. All in all I can not complain, but I am worried about the Country as a whole. I pray for the best.......... Link to comment Share on other sites More sharing options...
greaser Posted March 12, 2009 Report Share Posted March 12, 2009 ive got 16 years before i retire so i figure i will just let it ride. my share holdings have tripled in the last 6 months so i figure at least when it does rebound ill be way ahead. Link to comment Share on other sites More sharing options...
Dread Posted March 13, 2009 Report Share Posted March 13, 2009 That's one good thing about being dirt poor......didn't have anything but my SGT before the crash....don't have anything except my SGT now... broke even........ just hope the gas prices don't soar like last year...but bet they do..... Link to comment Share on other sites More sharing options...
DDT Posted March 13, 2009 Report Share Posted March 13, 2009 My 05 Mustang GT and 08 Shelby GT-500 were both 100% Financed with 401K loans...... :happy feet: Good bet that my cars will be in the driveway at the end of the day........... Can't say that about 401K Stock Mutual Funds???????????? Link to comment Share on other sites More sharing options...
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