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

[jss]

I'm down (in terms of net worth including retirement accounts) about 18% since August 24th, and down about 31% total since the height of the dot-com craziness. Luckily, those are all paper losses (as rwgill notes, it's not a loss until the time of sale), and I've got a long horizon (probably another 30 years here, too).