Times are tough all over

[LabRat]

Originally Posted by glatt

My 401k is down 31% from one year ago, and I've been pumping money regularly into it for that entire year, so when you consider that, it's even worse.

I heard this morning on GMA that the average american has lost 19-25% of the value of their 401K investments. The overall market is down 40%, so as long as you were diversified, hopefully you haven't taken too bad a hit. (What to Do With Your Money
Mellody Hobson and John Bussey discuss the government's plan for the economy.)

I just got my last quarterly statement, and have lost 10% so far since the first of the year. I have been a bit conservative up to this point, but I am making a point to now shift my allocations so I am dumping a lot more into more and different stocks than I was till now. I am youngish, and figure I'm gonna buy while it's cheap and have time to wait for the market to recover.