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onecent (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:14 AM Original message |
I know I am not the only one who feels this way, but I'm petrified |
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raccoon (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:15 AM Response to Original message |
1. Welcome to the club. nt |
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Blue Meany (986 posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:20 AM Response to Reply #1 |
8. I pulled most of my IRA savings out of stocks months ago, |
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Winterblues (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:54 AM Response to Reply #8 |
28. Is the penalty greater than the loss you now are experiencing? |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 11:03 AM Response to Reply #28 |
33. I think anyone who cashed out of an IRA or 401k right now would suffer both the loss and the penalty |
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RebelOne (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:51 PM Response to Reply #33 |
49. I cashed out my IRA without a penalty because I am already 69 years old. n/t |
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Blue_In_AK (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:19 PM Response to Reply #8 |
65. We did, too, |
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mikelgb (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:16 AM Response to Original message |
2. sorry for your troubles, but at least you have a savings |
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Ganja Ninja (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:17 AM Response to Original message |
3. Thank God and the Democrats your Social Security isn't there to. |
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wtmusic (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:17 AM Response to Original message |
4. If you don't need it anytime soon don't panic. |
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Nikki Stone1 (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:18 AM Response to Original message |
5. If you're not petrified, you're not paying attention. |
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LeftyFingerPop (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:18 AM Response to Original message |
6. I'm with you... |
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Kookaburra (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:19 AM Response to Original message |
7. Tell me about it. |
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HereSince1628 (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:21 AM Response to Original message |
9. The box-spring made by Sealy has plenty of storage room. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:23 AM Response to Original message |
10. This is when you hunker down |
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yellowdogintexas (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:31 AM Response to Reply #10 |
12. Very Well Put. I have an old 401K that has been idle since 1997, and it tanked in 1998 |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:46 AM Response to Reply #12 |
22. As long as you keep putting money in at the same rate when it's down.. |
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yellowdogintexas (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 02:30 PM Response to Reply #22 |
74. I actually can't put more money in either one of these, they are from former |
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2Design (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:25 AM Response to Original message |
11. check suze orman site - she is the pretty good and not making money |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:45 AM Response to Reply #11 |
20. And she has always been extremely conservative. |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:47 AM Response to Reply #20 |
23. She's also a big advocate of paying off mortgages when you can.. |
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yellowdogintexas (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 02:33 PM Response to Reply #20 |
75. she said that tuesday night on Larry King..and advised to put money in |
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Breeze54 (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:32 AM Response to Original message |
13. Let it ride.... OR put it all in US Treasury Bonds |
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RebelOne (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:34 AM Response to Original message |
14. I closed out a 401K and put the money for the time being |
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B Calm (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:39 AM Response to Original message |
15. I lost too much to get out now. . . I'm 58 years old, this is scary. I think |
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bigtree (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:42 AM Response to Reply #15 |
17. that's their ultimate aim |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:50 AM Response to Reply #17 |
26. Practice saying "would you like fries with that" in Mandarin.. |
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greguganus (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:42 AM Response to Reply #15 |
18. I can't afford to get out either. I'll ride it out. n/t |
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Speck Tater (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:42 AM Response to Original message |
16. It's times like these I'm glad I'm dirt poor. No effect on me. NT |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:48 AM Response to Reply #16 |
24. Does it effect you're employer? |
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Speck Tater (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 11:55 AM Response to Reply #24 |
40. I'm retired, |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:22 PM Response to Reply #40 |
43. Then you will soon have lots of company...n/t |
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anarch (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 11:12 AM Response to Reply #16 |
36. as a fellow poor person, I wish I could agree |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:44 AM Response to Original message |
19. I rearranged the deck chairs on my titanic 401(k) after the post-9/11 debacle.. |
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KharmaTrain (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:46 AM Response to Original message |
21. We're All Sinking Together |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:50 AM Response to Original message |
25. Sounds like you have bitten off more risk than you can chew at this point in your life |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:53 AM Response to Reply #25 |
27. The system has forced average Americans.. |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:54 AM Response to Reply #27 |
29. Investing and gambling are very different things |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 11:06 AM Response to Reply #29 |
35. If you know nothing about it, the outcome is usually the same....n/t |
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B Calm (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:55 AM Response to Reply #25 |
30. The situation was created by cheap labor employers doing away with |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:59 AM Response to Reply #30 |
32. Defined-benefit plans were already a thing of the past when I entered the workforce in 1981 |
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Name removed (0 posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:32 PM Response to Reply #25 |
44. Deleted message |
slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:45 PM Response to Reply #44 |
46. I'm investing for the long term, and don't regret not getting into less volatile investments |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:54 PM Response to Reply #46 |
50. What you don't seem to understand slackmaster.. |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:55 PM Response to Reply #50 |
51. I'm sorry this thread has devolved into personal attacks |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:57 PM Response to Reply #51 |
53. Then stop patronizing people and treating them like they're idiots..... |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:58 PM Response to Reply #53 |
57. I have to call things as I see them |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:00 PM Response to Reply #57 |
58. Well then don't get upset when you get called for being a jerk...n/t |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:00 PM Response to Reply #58 |
59. Nobody has called me a jerk |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:02 PM Response to Reply #59 |
60. Well maybe they're just calling them like they see them....n/t |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:04 PM Response to Reply #60 |
61. People who see assholes everywhere live in a world of shit |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:23 PM Response to Reply #61 |
67. That's about where we are right now as I see it....n/t |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:35 PM Response to Reply #67 |
69. Things should be getting better soon |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:39 PM Response to Reply #69 |
70. I'll breathe easier when there's a Dem in the White House.. |
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TheWatcher (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:15 PM Response to Reply #51 |
63. That's pretty much the line I've seen a lot of you take |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:21 PM Response to Reply #63 |
66. What bullshit, TheWatcher? |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:24 PM Response to Reply #66 |
68. Are you channeling Phil Gramm now?....n/t |
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TheWatcher (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:41 PM Response to Reply #68 |
71. Or perhaps Henry Blodget. |
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TheWatcher (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:41 PM Response to Reply #66 |
72. Your Tap Dancing Needs Work. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:55 PM Response to Reply #46 |
52. You moved your money |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:57 PM Response to Reply #52 |
56. You don't have a fucking clue what you are talking about |
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arcadian (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 10:55 AM Response to Original message |
31. The truth is, you never really had your savings to begin with. |
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liberalhistorian (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 11:06 AM Response to Original message |
34. I know, and it's such a helpless feeling. |
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Tierra_y_Libertad (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 11:14 AM Response to Original message |
37. Moved our IRAs to money markets when the handwriting on the wall became flashing neon. |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 11:21 AM Response to Reply #37 |
38. The scary thing is money markets are looking shaky right now too.. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:45 PM Response to Reply #38 |
45. Yep. A run on a Putnam mm, they had to liquidate |
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Virginia Dare (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:50 PM Response to Reply #45 |
48. I read this morning that a couple of large banks.. |
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CitizenPatriot (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 11:39 AM Response to Original message |
39. I feel your pain |
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onecent (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:08 PM Response to Original message |
41. Thank you all for your responses. I actually do feel better...Number |
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tpsbmam (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:17 PM Response to Reply #41 |
42. There are millions of us there with you..... |
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leftofthedial (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:46 PM Response to Original message |
47. I'm sorry. |
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katty (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:57 PM Response to Original message |
54. your not alone |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 12:57 PM Response to Original message |
55. If you don't need the money right now |
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kineneb (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:08 PM Response to Original message |
62. beans, rice, pasta, canned goods |
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fascisthunter (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:16 PM Response to Original message |
64. I'm Really Sorry... hang in there |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Thu Sep-18-08 01:42 PM Response to Original message |
73. CD's weren't "good" enough? |
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