$2750.00

OldEastside · August 4, 2011 8:39AM

It may not be alot to some, but it's alot to me and
thats the loss I figure I got smacked with today
between my 401k and PM's

I'm just another
little brick in the crumbling wall

Steve

Patches · August 4, 2011 8:58AM

Baley · August 4, 2011 9:08AM

So, if you were forced to sell tomorrow, you'd suffer a setback of how many months?

Hey, maybe you'll get it all back, and then some, tomorrow!

vann · August 4, 2011 9:12AM

<<

>>

Just a few more of these for the banksters

Link

johnny9434 · August 5, 2011 6:23AM

the banksters are here again

BigE · August 5, 2011 6:33AM

<< It may not be alot to some, but it's alot to me and
thats the loss I figure I got smacked with today
between my 401k and PM's

I'm just another
little brick in the crumbling wall

Steve >>

I dont understand, gambles dont always pay off?--------------BigE

pf70collector · August 5, 2011 6:33AM

Since Monday and when I sold all my stock in my 401K Thursday I had about a $1500 loss and I was hardly in the stock market. Though I am up about $500 since Jan of this year in my 401K. The stock market just erased all its gains for the entire year.

BAJJERFAN · August 5, 2011 6:55AM

<< It may not be alot to some, but it's alot to me and
thats the loss I figure I got smacked with today
between my 401k and PM's

I'm just another
little brick in the crumbling wall

Steve >>

Add 4 zeros to the end of that and you'd start getting into Warren Buffett territory. I know how you feel tho, it's tough to know when to hold and when to get out these days. Worst thing is always earning the same money more than once.

OnlyGoldIsMoney · August 5, 2011 7:03AM

I am sorry for your loss. Metals are going to get even more volatile. Today I am glad to be balanced between gold and silver.

The May 2011 unpleasantness in the silver market cured me of my nervousness with metals. Now I expect daily swings in the $1,000's and don't flinch.

All I can suggest is stay the course.

pmcollectour · August 5, 2011 7:38AM

I have no game in the stock market. Can't stomach it. I prefer PM's and fine collectibles.

The criminals can't mess with PM's and collectibles, but they can with the stock market.

derryb · August 5, 2011 8:19AM

Unless you jumped out of the tree when they shook it you still have the same number of shares and the same number of ounces.

Different day, different dollar value.

Some days peanuts, some days shells.

halfhunter · August 5, 2011 8:23AM

<< It may not be alot to some, but it's alot to me and
thats the loss I figure I got smacked with today
between my 401k and PM's

I'm just another
little brick in the crumbling wall

Steve >>

Not a loss unless you sold ! ! !

I see it as another under $40 buying op.

HH

Coins101 · August 5, 2011 8:36AM

<< Unless you jumped out of the tree when they shook it you still have the same number of shares and the same number of ounces. >>

In fact, if you are buy PM's or putting money in your 401k, you are getting more oz's/shares for the buck right now. If your employer matches 50 cents on the dollar in your 401k, better yet. Remember, don't panic - dollar cost averaging on whatever you are putting your money in.

2ndCharter · August 5, 2011 10:05AM

If someone is going to get ulcers over volatility in the marketplace (stocks, PMs, etc.), then cash in your mattress might be better for your sanity.

RedTiger · August 5, 2011 11:26AM

Sorry to hear about the loss.

I am a bit confused. The stock market was down maybe 4%. If an investor person was 100% in stocks, 4% means they have about 25x that $2750 still remaining, or over $60k. Looking at the big picture a 4% loss isn't a big deal, even if it does hurt, even if it is a bit stunning when it happens in one day. Still, those kind of losses are part of normal market action and to be expected about once every three years. If it more than a 4% loss because a person is leveraged, or in riskier kinds of investments, a new strategy may be something to consider.

As always if a person can't sleep at night because their investments are too volatile, cut back, scale back 20% or so. Still can't sleep then sell another 10%, repeat, until a person can sleep okay.

stuckonnights · August 6, 2011 11:23AM

Roughly a $3800 loss in my 401k in the last week.
Like an idiot, I am letting it ride on top of it. Hard to sell company stock that's been pretty good for me over time, and I have got plenty of time to go still.

Justacommeman · August 6, 2011 11:34AM

If you are retired it does sting a little whenever the market goes south. However, if not then in theory you should rooting for deep stock market pull backs as long as you keep investing in your 401K along the way. The lower the stock market the more shares your money is buying. Of course the day you retire and or the day you stop putting money into your 401K you want the market at an all-time high...........MJ

OldEastside · August 6, 2011 11:36AM

Worst thing is always earning the same money more than once. >>

I'm hanging on as well, it's just so damn frustrating, and thanx for
the beers guys.

Steve

jmski52 · August 6, 2011 11:44AM

This thread made me wonder what happened to my mix of pm's during this past week. My ratio is 26:52:20 plus some palladium.

In this past week, my mix was up 0.6% due to the gold component. Pretty stable in spite of silver's drop.

I sure wouldn't be without the silver though, because I am fairly confident that silver is going to be the big winner.

I agree with Red Tiger about finding that comfort level and also about buying and/or selling slowly. It really is not a sprint.

Baley · August 9, 2011 5:29AM

Well, did you make you $2750 back yet?

OldEastside · August 9, 2011 6:06AM

<< Well, did you make you $2750 back yet?

>>

$2750.00

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