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I've been putting money into my 457(b) for about a year and a half now. I saw the bubble and knew it was going to come crashing down eventually (not an economist, just a cynic and a historian), so only allocated about 40% of my contribution to stocks (as opposed to the 70-80% most calculators suggested; I'm in my mid-twenties). As a result, my overall portfolio has only lost about 22% of it's value since everything started falling apart. My question, I guess, will the portion of my investment in stocks remain a "loss" until the market climbs back up to where it was when I made the bulk of my contributions (12,000+)? I'm not aware of any mechanisms designed to specifically counteract or nullify those sorts of things, other than the fact that I (for example) only lost a tenth of a cent's worth of value when GM's value tanked. Regardless, I don't plan on adjusting my stock allocation until the market hits mid 5-6000 range, since I think we're going to get there before it's all over.
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Oct 31, 2008 17:23
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| # ¿ Apr 29, 2024 16:18 |
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