How much money have you lost?

[DNP]

Market crash: How much money did you lose? With the markets falling 40% wealth has been destroyed. Since F&O just remains net neutral, on a net basis people have lost money in stock holdings. So, how much money have you lost from the last peak?

 

[robertsz]

I forgot I had 10,000 shares of sirius radio. Picked them up at like $2.78 closed at 80 cents! Sweet!

 

[katherine]

I invest my money in domain names. So far I'm not complaining.

 

[StianStian is verified member.]

I invest my money in domain names. So far I'm not complaining.

Second that.

On the other hand, if you have invested in stocks, forget about them for now and wait, wait, wait. The loss is only "on the paper", so you haven't really lost anything unless you sell out. Patience is the key. Now is the perfect time to buy, not sell.

 

[draggar]

My 401K has lost about $1K this year and that is including my contributions.

Our home value dropped (at the lowest) about 33% but with the new roof and (finally) getting the drywall replaced, I think it is considerably more valuable.

As for the stock markets, I only have a few shares in a company so that's about $30 lost.

 

[south]

Started buying land after 2001 drop. Nada

 

[Sonny Banks]

I invest my money in domain names. So far I'm not complaining.

Me too.
Domains are better than stocks.

 

[PRED]

sold out most shares i had on sept 10th 2001, dont ask me why :yes:

having said that over time i surely lost not gained on shares anyway, i decided years ago to stick to investing in myself and also domains, not something i cant control. plus some loon at the controls of another company is something u cant control, the markets or indeed the loons working the markets, i.e the traders
:uhoh:

 

[Onward]

I sold all my stocks last month except for Apple....I have now been buying.

 

[tomsa]

I invest my money in domain names. So far I'm not complaining.

Ditto :yes:

 

[stock_post]

20% of my 401K + about 10K this year.

Overall - God knows may be 100 K

 

[MrGoodhost]

probably about 20%, but buying on the dip, great buying opp - go Tech & Healthcare - forget the financials

 

[BobDiGiTaL]

14.63 % for the year

 

[Deleted member 111831]

all my money is in cash and websites, so i didn't lose anything.

the more i learn about the financial markets the more i realize i do not know, and that keeps me in money market accounts and CD's.

 

[Slow Nova]

pokerpie: You might want to check out this new npr interview w/Michael Greenberger

http://www.npr.org/templates/story/story.php?storyId=94686428

 

[Deleted member 111831]

listening now, thanks

 

[BELLC1]

Even a total of 1000 point drop is only 8%. That's recoverable.

 

[Deleted member 111831]

pokerpie: You might want to check out this new npr interview w/Michael Greenberger

http://www.npr.org/templates/story/story.php?storyId=94686428

ya well when you invest in money market accounts you are aware they may go under 100%. according to this interview some of them might lose 3%. that sucks but isn't that terrible. a lot better than a lot of stock investors.

this guy is also unrealistic. he is making it sound like there is a real chance the FDIC could go broke. the US government would sell all of our alaskan oil, the statue of liberty, the state of nevada and nude pictures of sarah palin before they allowed that to happen.

 

[BiggieBiggie is verified member.]

ya well when you invest in money market accounts you are aware they may go under 100%. according to this interview some of them might lose 3%. that sucks but isn't that terrible. a lot better than a lot of stock investors.

this guy is also unrealistic. he is making it sound like there is a real chance the FDIC could go broke. the US government would sell all of our alaskan oil, the statue of liberty, the state of nevada and nude pictures of sarah palin before they allowed that to happen.

it is a possiblity that the FDIC could not be able to insure all amounts that are insurable, if more banks continue to fail

and if inflation rises so much that the dollar is worthless, what good does getting back worthless paper do?

the lastest news now is that wamu is up for sale

 

[whitebark]

I just dumped my money into gold and silver just days ago when this all started. Record upswing today. Gold will continue to rise back to the $1000 level and beyond imo.