My mom's 401K value has gone down 25%. -_-

I was about to get into it and the day before I was going to buy stocks it went down 500 pts. So I waited it out, sure am glad I did.

The only thing going up is gold and I am sure it will drop $30 tomorrow. Problem is if you pull out you help the stock market crash, if you stay in you lose your money till it bounces back.

i don't know anythang about tha stock market, but i know people who've taken all their money outta tha bank cuz everybodys sayin tha banks are gonna freeze n nobody will be able to git it out.

here, watch Zeitgeist 2

http://video.google.com/videoplay?d...205277695921912

werd

My dad is pretty well off compared to the average middle class person I guess. When I turned 18 I got access to my trust fund so that I could use that money as I pleased to pay for school and living expenses, rent, food, clothes, a lil alcohol and weed (even though its not really meant for that).

Anyways I don't just rely on my parents to survive. I used that money to make 25,000$ myself from when I turned 18 til now.... but i've lost 15,000$ of that, and it hurts....

If you think losing $15k hurts, let me know when you've lost 50 large... lol. Been there done that from "daytrading" in '05. If I actually had the discipline to close out the trades at the end of the day, I might have made out ok since the one stock I was holding dropped like 90% afterhours one day. And being the dumbass I am, I averaged down and got bent over again when it went down another 75% from there over the next couple months. I still own that stock.. it's absolutely worthless now. It's a reminder for me to don't such a dumbass.

All I do now is mutual funds in my 401k, and they are all in the gutter right now. Four years of gains gone and well in the red. The chances of mutual funds being worthless should be pretty slim, so I'm holding off until when I think the market has stabilized some before buying more to average down. I feel better knowing I'm buying low rather than at the top.

^ That would suck but I'm too smart at playing stocks to lose more then I make, unless the stock market crashes.

our government cant handle shit.

fuck a recession