Sorry to hear it. I lost about 4 grand in my 401K, which isn't too bad.
Lost 12k in one day, haven't checked it since. Been too busy drinking!
Had that happen to a friend of mine years ago in Vegas (true story), except the order was reversed
Anyone in the market took a beating.
There's a saying in Spanish that loosely translates to....like a hookers panties, up and down. Lol
The markets are roughly the same place they were this time last year. The tax breaks for corporations were like a sugar high. The increasing deficit is going to put more pressure on the markets. Could be a bumpy down hill ride for a while. I would suggest letting one of the big houses manage your money. Schwab, Merrill Lynch. They can move you around i.e. more bonds, international stocks, etc depending on how they see things going. They know much better than us. Probably won’t gain much if any, but they can certainly help minimize the losses.
buy more lottery tickets, 1.6B can last just so long.
Spread it out over several banks, I guess.
