My Support Forums - View Single Post

(JD) · Oct 25, 2008, 07:39 PM

Mine is down 27%. Hang in there, don't sell. (That would seal your losses.) Stay in the market, it will level off (Unless a new president destroys the entire market, don't know what the odds of that are.) and with the monies in there, regain much of what you have "lost."
The market ALWAYS goes down considerably every 4 years with the election. ALWAYS. That we had the banks making bad loans made it that much worse. So some of this will rebound naturally, and hopefully the country will figure out how to fix the rest.
The entire world is in financial turmoil. The good thing is, the USA has the plans in place that allow a fix to it. (We're the only country that has this, due to our nature as a nation. Of course, if you wish to discuss the political side of this (nationalization of banks which was never allowed before, come to the 08 Elections social group.) ) The other countries have to really scramble.

But hang in there. Do what you feel comfortable in making changes to feel like you are cutting back some, but not too much and don't worry too terribly. Unless you need all your money within the next 3-5 years, you'll be okay. Not sure I want the entire 401k and such plans to go government run/ national too. (Come to social group for this discussion if you wish to have it.)

One thing I began to do is plant seeds for tomatoes and radishes, and bush string beans (no pun intended.) It's a small thing, but will save me a little money in the long run, and helps me feel more comfortable.

Brian, what things are you doing to help counter your fear and loss of monies?