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01-01-2009, 11:14 AM
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#1
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Hippy Mod, Bergermeister Meisterberger, Moderator
Join Date: Aug 2004
Location: Ewing
Posts: 6,216
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It's finally over!
2008 that is. I watched my 401K drop down and lose 48% of it's value at one point but managed to get back up to a 38% loss for the year.  I could have bought several Camaros with that money which would have held value a lot better than the 401K. Hopefully 2009 sees the market recover some of that loss. I decided to increase my percentage going into the 401K for this year since the money will buy more shares at these lower prices.
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69 Z28 JL8 4 wheel disc brakes - being restored
09 Silverado Z71
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01-01-2009, 11:15 AM
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#2
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Banned
Join Date: Dec 2007
Posts: 1,106
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we will have to wait and see what obama does
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01-01-2009, 12:49 PM
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#3
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BadMod
Join Date: Aug 2004
Location: hamilton, nj
Posts: 8,889
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Quote:
Originally Posted by Saitin
we will have to wait and see what obama does
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in before this thread goes to ****
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So much stupid, so little time.
Quote:
Originally Posted by 79CamaroDiva
It started before I drove your car. I just have to look at it the wrong way and your car poops parts.
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Mercerville MotorSports, LLC
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01-01-2009, 01:14 PM
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#4
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Hippy Mod, Bergermeister Meisterberger, Moderator
Join Date: Aug 2004
Location: Ewing
Posts: 6,216
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I doubt the new president will have much bearing on what happens this year. The subprime loans were a big part of the problem in 2008 and now we have the option ARMs and Alt-A loans creating a new problem this year. Companies will make adjustments to figure out how to survive and more people will lose their job. But the market shouldn't tank too much more than it already has. I heard that new mortgage applications are already up so as long as the banks will lend the money they were given things should start to move again.
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69 Z28 JL8 4 wheel disc brakes - being restored
09 Silverado Z71
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01-01-2009, 03:16 PM
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#5
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The Mayor / 2009 Member of the Year / Moderator
Join Date: Jan 2005
Location: Northwest
Posts: 8,870
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Quote:
Originally Posted by Saitin
we will have to wait and see what obama does
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No matter how much you disagree with any president, they are not God and do not make every decision. One man/woman cannot make that much of a drastic change. It requires Congress, for one.
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1995 Z28 Convertible A4 13.78 @ 100 (CAI, high flow cat, catback, 160 thermo, hypertech, Strano springs, Koni yellows, sway bars, 3 pt. UMI SFC)
2018 Sea Doo GTX - 3 cylinders and das boooooost
Quote:
Originally Posted by BonzoHansen
Is English your 2nd language? Did you graduate high school? Your posts make my head hurt.
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 Team FARM 
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01-01-2009, 04:09 PM
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#6
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13 Second Club / Moderator
Join Date: Jan 2005
Location: Franklin Lakes, NJ
Posts: 8,695
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its a buyers market. i am sorry for your loss jeff but i certainly made out well from this economy 
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Quote:
Originally Posted by LS1ow
Except Jersey mike, great kid, but the way he looks at me makes me feel like im in danger
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