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How much have you lost?
In the last year the Dow has fallen around 40% in the last week it has fallen 23%. It is clear that our economy is in trouble. My question to you all is how much have you lost in the last year? Have any of you decided to pull your money out of stocks in the last year?
Myself i'm fortunate. I'm to busy working on my schooling to invest in the stock market so instead I put savings into high yield savings accounts (3-5%). Being the nature of a savings account I cannot lose money and instead only not gain it.
A co-worker of mine has been working for the University for many years and he commented yesterday that for the first time ever his 401k is worth less than he has put into it.
This is scary.
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