Not as Bad as I Thought

[bjarvis]

Since the Economic Apocalypse fell upon us, I've been pretty good about not looking at my 401(k): watching the Dow Jones plunge and skyrocket every few minutes was more than enough excitement for me. This morning, however, in a moment of weakness, I looked at my accounts.

My 401(k) is down 21.8% from its peak. That's vastly better than I was expecting. It sucks, but I was braced for 40% off and I'm not retiring for another 30 years anyway.

Whew.

Comments

[rwgill.livejournal.com]

I've made a point of not looking at my financial accounts over the last 6 weeks or so. I know it would just look horrible and make me unduly anxious. While I need some of the money next October I don't forsee that being an issue and with a 20+ year timeline before retirement the ups and downs of the market just aren't worth the stress.

I've always held the idea that you haven't lost anything until you sell. It's not always true of course however in most cases there is a better tomorrow ahead.

Then again I could be totally naive and be looking at it all wrong.