Space Cadet

Your Personalized Rate of Return reflecting account balance plus deposits, withdrawals and earnings from 02/09/2008 to 10/09/2008 is -42.856800%. This is a copy and paste from my 401K statement after the days trading on Thursday with another large slide. Now personally this isn't so bad as i receive a 100% employer match for what i put into it so I'm still up about 7%. As well as that fact that i hadn't had the account for more then a month or two so the balance wasn't a significant amount . I stoped contributing to it about 4 weeks ago in anticipation of something fairly bad happening in the market . I never expected it to be as bad as it currently is and i don't think it will stop dropping soon either. This will hit the soon to retire within the next 2-3 years as if its sooner then that its a good idea to switch from a high volatility area such as stocks. And move them to a more secure though less likely to make any real gains area. Forcing some of...

Now I'm sure everyone by now has heard of the 700 Billion in US taxpayer money that will be used to bailout the large private banks in the US. But i was surprised when i talked to a few of my personal Friends that they had no idea what i was talking about when i made mention of it. Which is rather appalling and sad but ill go into that with some other post. It seems the media is hailing this government decision as a god send and the economy is saved. But i think the solution is far to late in coming as I'm predicting the world wide economy will go into a depression. Lenders and Banks will be cautious about who they give loans to as well as the proposed government regulations that will be coming with this plan. So the golden age of the real estate market is over as there will be less potential buyers out there. Now I'm not sure if the plan itself is bad to be perfectly honest. But the timing of it being so late it is basically a useless idea investor confid...