401(k) - Rebound??

Discussion in 'Stock Market' started by rdean, Dec 17, 2009.

  1. rdean
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    rdean rddean

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    At the end of the Bush administration, my 401(k) lost close to 35% of it's value.

    It's completely recovered and is more than 10% higher than was it was before the "crash".

    Has anyone else seen a rebound of their 401(k)?

    Does that bode well for the economy?
     
  2. xsited1
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    xsited1 Agent P

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    You should've taken your money out of the market when the Democrats assumed control of Congress. I saved a bundle by doing that.
     
  3. rdean
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    rdean rddean

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    Sure you did.
     
  4. mal
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    mal Diamond Member

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    I've been + in Mine for a couple of Months... Bought Shares Cheap while the Buying was Good...

    Anyone who Thought the Stock Market was Over, or would Never Recover should Reconsider their Emotions when Making Money Choices.

    I Recovered in just over a Year... Not Bad.

    If Sold when it was Down... Damn.

    Get out of Gold if you haven't already.

    :)

    peace...
     
  5. Bern80
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    Bern80 Gold Member

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    Mine did. I'm a little afraid of a double dip recession still.
     
  6. rdean
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    rdean rddean

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    Me too. I know the economy runs on "consumer goods" and no one is buying much. I wonder it "green stuff" will help?
     
  7. Paulie
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    Paulie Platinum Member

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    You know, if you'd learn the market and how to trade and invest in all economic conditions, your 401k losses would have most likely been marginalized.

    Manage your own 401k if you can, and learn to recognize when it's time to exit positions and move your money so that you don't get caught holding the bag if and when the economy leads to a market crash again. And it WILL, again. Only a matter of time.
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    I dumped half my IRA mutual funds in July '07 and put it in a CD. Broker thought I was looney but with oil at $140, credit markets going stoopid, and housing starting to crater I could see the writing on the wall.
    When the market tanked I called him back up and put that CD $ back into mutuals. Sittin' purdy.
     
  9. Paulie
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    Paulie Platinum Member

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    I bet you had this foresight with only rudimentary knowledge of econ too.

    Am I right?
     
  10. xsited1
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    xsited1 Agent P

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    True. People like rdean lose because they haven't a clue what they're doing.
     

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