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Old 10-21-2012, 06:05 PM   #41
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My only investments then were in a company DC plan and a spousal RRSP (think IRA taxed eventually as your SO's income). I was under 40, making a fair bit of money and loving my job (I might have done it for free minimum wage).

A couple of 'stock market geeks' kept stopping in my office and telling the 'sky is falling'. Didn't really listen. A day or so later, I met my MFS (synonym for 'advisor') since it was about time for the RRSP spend. He suggest avoiding stocks since 'shyte has happened (my words)'. Naive me says something like 'na, just buy more of the same high-MER/bad performing equity funds'.

I still don't know how much I 'won or lost'.
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Old 10-21-2012, 10:50 PM   #42
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My 401k had started a year earlier. I probably only had 3k in the market, but it made me nervous.
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Old 10-22-2012, 06:06 PM   #43
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I only had 3K in my 401(k) as well, as I'd just started there the year before. At that time 3K seemed like a fortune to me, and I was sad to lose half. By the next year all was well, and all these years later I'm still at the same megacorp, and thank heaven my 401(k) is well over 3k.
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Old 10-22-2012, 08:56 PM   #44
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Like Brewer, I was in high school. Barely a blip I'm my horizon- I was way more worried about finding some booze for Friday night!

My parents did not have any stock market investments, only the small business my dad owned. Don't remember any sort of reaction on their part.

Y'all are a bunch of fossils! .
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Old 10-22-2012, 10:16 PM   #45
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I started investing in 1985. Lost about 30% (~12K) on black Monday. Boy, did it hurt! And the week that followed I was totally stressed out trying to figure out if I should sell. Only now I can look back see it in perspective.
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Old 10-23-2012, 09:33 AM   #46
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Quote:
Originally Posted by Sarah in SC View Post
Like Brewer, I was in high school. Barely a blip I'm my horizon- I was way more worried about finding some booze for Friday night!

My parents did not have any stock market investments, only the small business my dad owned. Don't remember any sort of reaction on their part.

Y'all are a bunch of fossils! .
Oh yeah ? Step a little closer and say that again...

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