$1,300,000,000,000
Posted: Tue Sep 30, 2008 5:35 am
That's how much the stock market drop yesterday cost investors.
Heck--a thousand shares for $400 seems like a good gamble to me, just in case...
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Posted: Tue Sep 30, 2008 7:05 am
Oh, it was just a Buying Opportunity. My neighbor scooped up Lehman Bros for 39 cents a share. I hope he didn't overpay.
Heck--a thousand shares for $400 seems like a good gamble to me, just in case...
Heck--a thousand shares for $400 seems like a good gamble to me, just in case...
Posted: Tue Sep 30, 2008 7:07 am
So we coulda paid for the bailout in one day?
Posted: Tue Sep 30, 2008 7:16 am
Not "we" but all investors could have.mntetn wrote:So we coulda paid for the bailout in one day?
Posted: Tue Sep 30, 2008 7:40 am
Tomorrow is the first of the month and that's when money gets invested in Jeff's 403B. I wonder though, all over the country, many people get paid on the 1st and buy their 403B or 401K shares, will that help stabilize things?
Posted: Tue Sep 30, 2008 7:45 am
We've got to finish funding the 401k by the 15th, so I'm hoping it doesn't bounce back TOO soon--I have to see what's left after all the mortgages and bills and credit cards get paid before putting aside the rest.PlacentiaSoccerMom wrote:Tomorrow is the first of the month and that's when money gets invested in Jeff's 403B. I wonder though, all over the country, many people get paid on the 1st and buy their 403B or 401K shares, will that help stabilize things?
Posted: Tue Sep 30, 2008 7:53 am
I got paid today. I don't know if the actually buy the 401(K) shares today or not.PlacentiaSoccerMom wrote:Tomorrow is the first of the month and that's when money gets invested in Jeff's 403B. I wonder though, all over the country, many people get paid on the 1st and buy their 403B or 401K shares, will that help stabilize things?
The market is up over 200 points right now.
Posted: Tue Sep 30, 2008 7:55 am
With the market dropping 8% in one day, the new investments from regular paycheck 401K purchases is a drop in the bucket.PlacentiaSoccerMom wrote:Tomorrow is the first of the month and that's when money gets invested in Jeff's 403B. I wonder though, all over the country, many people get paid on the 1st and buy their 403B or 401K shares, will that help stabilize things?
Besides which, it's not clear that payroll deductions on the 1st are immediately invested in new shares on the same day. My 401K statements never itemize purchases; I just get a net investment for the quarter summary. <grumble>®
Posted: Tue Sep 30, 2008 7:57 am
Jeff's are done exactly on the 1st.
Posted: Tue Sep 30, 2008 8:04 am
this should teach a lesson to those who want to privatize social security