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DOW Down another 679 points!!!

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Old Oct 10, 2008 | 03:18 AM
  #16  
rywegh's Avatar
rywegh
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From: northern kentucky
being as I am 35 I am unfortunately a long ways from retirement. So I will just sit to the side and watch the market be topsy-turvy. It will go back up and all the shares my 401k gets now will just make the value jump more as the market improves. I have already gone through this once in 99-2000 and it came back nicely. Usually around election times the markets tumbles for a while. We just are getting hit from all sides here,
 
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Old Oct 10, 2008 | 07:57 AM
  #17  
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freirefishing
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From: Clearwater, Fl
japan and european markets are dumping stock like crazy today due to this crisis, dow down 470 points at opening bell
 
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Old Oct 10, 2008 | 12:47 PM
  #18  
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Vijay
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Originally Posted by cmpd1781
My 401-K is purchasing, weekly, more stock for the 'buck' as the stock prices drop......By the time they start going up again, that's just more stock that I'll own because of the extra purchasing that was done while they were cheap.....

Yup, agree with you, I have 38 years yet to retire at 65!!!
 
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Old Oct 10, 2008 | 01:02 PM
  #19  
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freirefishing
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Originally Posted by Vijay
Yup, agree with you, I have 38 years yet to retire at 65!!!
i have 34 years to go, think either one of us will have a chance to collect our social security?
 
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Old Oct 10, 2008 | 01:20 PM
  #20  
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Vijay
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The cause of concern is for people who planned on retirement in next 1-5 years...I guess they will have to work more now.
 
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Old Oct 10, 2008 | 07:19 PM
  #21  
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Ship Boy
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From: North Carolina
Angry Is social security going to stop

Does all of this mean that a guy who will turn 62 in 4 years wont be able to draw his ss check?
 
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Old Oct 10, 2008 | 08:48 PM
  #22  
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cmpd1781
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Guys in their 50s and 60s will be fine with SS.

Guys in their 40s and younger are probably screwed!
 
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