Down Goes The Stock Market..And Down

I've been looking for a job for a couple of months now. It goes without saying that this is all part of the cosmic fate that goes with me everywhere. I have never had a problem finding a job, in my whole life. So, maybe it is just the way it is going for everyone, maybe not. I'm trying not to focus on that. One thing that I am also keeping in the back of my mind is the nice 401k that I have from my last job. It was at a tidy sum when I left the place but, alas, it is now at half its former glory. Or less. So much for trying to do the right thing. If I had cashed it in, even though the government would have taken a third at least, off the top, I would still have walked away with a nice sum. Not so much so now. They say if you have 10 years, it will right itself and you'll be back in the saddle when you retire. Well, they used to say that. Tonight I heard Suze Orman say, "If you have 20years,.......". So, blame it on the luck of the C_______'s. Or, cry over spilt milk, or whatever. Yadda, yadda. Even if I had 20 years, it really wouldn't "right" itself. All those years that the fund will be rebuilding from a low, low figure would have been years that it could have been building much higher from the amount it started with. See? You see, don't you? I'm not nuts. Now, multiply that by the one my husband has, which was almost the same amount when all this started. Yadda, yadda...

Comments

[TheQueen]

Suze is on crack. Its like fat, it goes on slow, then it drops, then it goes back on faster than ever. It'll bounce back up, and it will never take 20 years. Five, more like it.

[Judith]

I knew there was a reason not to listen to her. Fat I understand!