Do not look at your end of year statements!! OMG. I got mine in. [Archive]

Crazy Guggenheim

01-13-2009, 02:27 AM

I lost on this one mutual fund 44%+ with a $50,000 investment!! I couldn't sell it now since I have to be 59 or I'll get killed in taxes. Remember, you don't lose anything if you stay in. I'd wait until it regains anyways since it's a retirement fund. It will come back up anyways. BTW, I do think the economy will start to recover in July/August.

Anyhoot, How's everyone else doing with their end-of-the-year?

rightiswrong

01-13-2009, 06:05 AM

I will be using an ostrich-like approach.

webhead

01-13-2009, 07:49 AM

I lost on this one mutual fund 44%+ with a $50,000 investment!! I couldn't sell it now since I have to be 59 or I'll get killed in taxes. Remember, you don't lose anything if you stay in. I'd wait until it regains anyways since it's a retirement fund. It will come back up anyways. BTW, I do think the economy will start to recover in July/August.

Anyhoot, How's everyone else doing with their end-of-the-year?
Can't you rollover without having to pay taxes? If it is an IRA, you can rollover.

I watched my IRA mutual stock funds net asset value reduce by 37.87%

Crazy Guggenheim

01-13-2009, 11:13 AM

Can't you rollover without having to pay taxes? If it is an IRA, you can rollover.

That's at maturity though.

I watched my IRA mutual stock funds net asset value reduce by 37.87%

:badwords:

Xena

01-13-2009, 11:13 AM

I'm down 27% according to that ugly piece of paper I get at the end of the year.

zatoichi1

01-13-2009, 12:45 PM

I jumped back in too early. I got out, but I have a 23% loss.

Icky

01-13-2009, 12:48 PM

I remember you saying (9 or 10 months ago?) you were going to get out and put most of it into cash...

Come October I thought you were a GENIUS! (Still do ;) )

When did you get back in?

zatoichi1

01-13-2009, 03:17 PM

I remember you saying (9 or 10 months ago?) you were going to get out and put most of it into cash...

Come October I thought you were a GENIUS! (Still do ;) )

When did you get back in?

I went back in too early and lost money. What else can I say.

When should you get back in?

Check back in six months. At that point check out what happens with the bail out with the automobile industry and TARP.