Ugh...another rough day in the Market coming...I usually check my 401K balance on Monday mornings but dont think I can risk it today...
Rough Monday for those in the financial sector...
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@Mrs D: Why do you check it weekly? Are we suppose to? I only check it when I get my quarterly statement in the mail
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@Mamaof2: probably my OCD
I check all my financials weekly...just a part of my Monday morning routine I suppose! Plus I like seeing the jumps it makes after my paycheck (every 2 weeks)
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Ugh, me. Mine updates automatically via Mint so anytime I open the app I can see the balance. I'm just telling myself about what a great deal in getting because prices are so low now.
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@plantains: ok I like that mentality! I'll try to think that way...
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I foolishly checked it this morning and it wasn't pretty.
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Yea... I'm going to try and avoid looking.
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Exciting day on the market. My husband sent me an email telling me to watch the markets.
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I only check mine when I get quarterly statements. There's nothing I can do about it, and it doesn't matter for another 30 years anyways so not worth the worry?
It would be nice to watch the jumps-up though. -
I looked on Friday and it was sad. So probably gonna avoid it until the market turns back up
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@josina: Same. My husband checks his frequently and gets himself all in a tizzy about it. The market's gonna do a lot of stuff between now and when I retire. Not worth the anxiety to me.
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I never really check mine. To me it is such a long-term savings that it isn't worth the stress and anxiety to see all the little ups and downs along the way.
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I checked it this morning before knowing I shouldn't have
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@Mrs D: I'm even more OCD... I check mine several times a week
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I check mine like once in a blue moon and not going to start today. Like @littlebug: I have some time before I retire.
I'm sure if I was at work, a lot of people would be talking about it so I'm glad im not at work.
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I have lived through worse...2007 to 2008 was a doozy, so these three days I am not even thinking about it.
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@looch: thats very true...in 2007 I only had my one 401K (had only had one employer at that time) and I remember how proud I was when I left that job that the balance was high enough I didnt have to roll it over...and then BOOM...so at least its not that bad this time!
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I don't ever look at mine! I glance at my quarterly statements but that's all. The market will rise and fall a zillion more times before I need it, it's not worth worrying about.
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Nope, not looking. Can't deal.
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I never look at mine (well, ok I probably do quarterly when I get an email from Fidelity). I'm not retiring for decades. This too shall pass.
But, times like these are why I'm also not relying 100% on a 401(k). You never know when an up, or a down, will happen!
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Avoiding, it'll come back... Why be a downer on myself?! Ignorance is bliss for me
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Ugh now I really want to see what the damage is, but also don't want to look!
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I learned my lesson in 2008. I check mine a few times a year and that's it. But if course I'm going to check later now that I've read this thread.
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401k is too long term to worry about. However I am crying about my stocks.
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@plantains: this! If I had the extra $$, I'd be buying today!!
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I haven't opened my statements since 2008 lol. Like @mrsjazz: , I learned my lesson
. I look at it once in a blue moon online. But thanks for the heads up so I don't look today!
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I never check my 401k lol, maybe once a year?? I figure by the time I need to use the money a few highs and lows wont matter!
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Yeah the only time I see my 401k balance is at tax time. I'm not going to retire for over 30 years - why bother?!
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@mrsjyw: hahaha same!
In Canada so don't have 401ks, but I'm avoiding looking at our rsps and investments. We are only 27.... It's got lots of time to come back up!
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If I had spare $$, I'd be buying like crazy.
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Meh, it wasn't so bad for me. I also wish I had some spare cash to throw in the market right now because this is the perfect time to jump in.
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At times like this, DH and I quote Warren Buffett- "let's go shopping!"
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We were waiting to see what would happen to the Chinese markets...
I know it sucks to see your funds drop but unless you're planning on retiring in the next 5 years, it's not a big deal.
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@BandDmommy: DH thinks shit is still going down and we can wait a few days or a week before buying. I'm too impatient
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I had a super tiny 403B when the market did its big downturn in 2008. My company's financial advisor called to tell me not to freak out. I told him that I was 22 and not particularly concerned about a short-term dip in the market (I'm sure he was having less fun talking to the older people at the company). That's kind of how I feel now.
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I think if you're prone to panic, then avoiding your 401k would likely be a good idea -- though any up/down movement is from the previous business day and not from today's market movement.
@Freckles: I was trying to decide if I should buy today or wait a bit too! I decided to buy a small position today of something on my watch list.
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@Freckles: Sadly I think your hubs is right and there's plenty of time left to buy before missing your chance.
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@Freckles: agree
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Meh, no not worried. I haven't funded my rollover ira yet though soooo anxious to get home from vacation and buy!
I check all my financials weekly...just a part of my Monday morning routine I suppose! Plus I like seeing the jumps it makes after my paycheck (every 2 weeks)
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38 comments