HOW MUCH HAVE YOU LOST?

[unit731]

Yes, it is for the long haul. And things will turn around. Everyone's question is 'when?'.

 

Empathy.

 

I have an old girlfriend who has 4 college/nearing college kids (no, not mine) and she has done well and put aside enough funds to pay for college for all 4 children. A dedicated college fund.

 

She has always had a 'professional' adivsor (paid).

 

Well, recently, she has had to tell the 4 kids that, with this fund currently, she can only pay for one or two years of college each.

 

She, nor most of us, saw this coming.

 

Her fund may recover - but she needs the college money now.

 

And then there is the older people who were counting on this for retirement.

[cavanami]

So far, I do not need any of my retirement funds. I am lucky in that over half is in CDs and cash so no loss but 3% returns. The 25% in the house, is down.The 25% in stocks is down.

I am still work!

[Dexi]

The investment professionals love to quote the old adage " its time in the market that counts,not timing the market ".....some people are beginning to wonder if stocks really are a good long term bet....if you look at the FT 100,putting money in a the peak of the Dotcom boom youd still be waiting to get your money back after 8 yrs...plus the Japanese markets have never recovered from their peaks...

[chuckwoww]

'Investors' are rushing back in today. Like a reverse panic. I guess they love the new National Banking Service and the layoffs at GM. Oil is going back up too now that the crisis is over.

[Guest lazyphil]

sd that looks like a nice snack. will try soon :thumbup:

[samak]

... that the crisis is over.

don't count your chicken before they are hatched!

 

[chuckwoww]

... that the crisis is over.

don't count your chicken before they are hatched!

 

Not me. I am waiting for Torneyboy's signal.

[torrenova]

Got lucky and sold everything in GBP and property in July. Moved it all to THB and SGD so I made on FX movements.

 

Have given about 90% away since then and spent some. Couldn't be bothered when I didn't have to do something. I realised I'd rather think about money than have more than enough. Feel better for it all around.

[gobbledonk]

My Superannuation balance has dropped about AUD 20K. Given that the Pacific Peso seems to be headed for parity with Iraqi Dinar, thats not a lot of money at all.

 

Still find it hilarious that Thailand, a country on the brink of political collapse on any given day, has a 'stronger' currency than countries with strong political and economic fundamentals. Is it deja vu all over again, with a currency that isnt backed by the reality of the economy beneath it ?

[Mekong]

Update on an old thread.

 

11 months down the line I am finally getting paid 22.1 pence in the pound, wow yipee, I get 22.1% of my deposits and supposed to be happy. Wankers!

 

Thai company folded due to lack of funds and I am back in the Middle East working for a coin again, I am fortunate enough that companies still want to pay for my skills, I dont like it but it has to be done.

 

Fux banks, gold bars in the safe is how I bank now, goverments may shut down banks but no fucking goverment is going to get its hands on my hard erned again.