Helena
Full time employment: Posting here.
- Joined
- Aug 27, 2006
- Messages
- 994
I have no money in the stock market.
My net worth has increased.
My net worth has increased.
What she should have said was: As the lowest-paid employee in your classification, you're the least likely to be let go in a layoff...This reminds me of the time that the Megacorp I worked for in 1987 announced a new openness policy regarding discussion of salaries. A HR rep sat down with each employee and showed them where their salary was located within the newly divulged salary brackets. I happened to be at rock bottom in my bracket, which didn't please me, since all my colleagues were not at the bottom. The HR rep insisted that I was the luckiest guy in the organization, though....with all that room for salary growth! She was a maker of lemonade..a real spinmeister.
This reminds me of the time that the Megacorp I worked for in 1987 announced a new openness policy regarding discussion of salaries. A HR rep sat down with each employee and showed them where their salary was located within the newly divulged salary brackets. I happened to be at rock bottom in my bracket, which didn't please me, since all my colleagues were not at the bottom. The HR rep insisted that I was the luckiest guy in the organization, though....with all that room for salary growth! She was a maker of lemonade..a real spinmeister!
On March 3rd, the last time I dared to look, investments were down 1.8% from the late 2007 high, but our house keeps increasing in value which has pretty much canceled out the loss to our net worth.
Since we are retired, we are a lot more conservatively invested--we took five years of living expenses from equities and rolled them into CDs late last year. We now have about 55% equities, so we fared pretty well all in all. And, since we don't plan to sell stocks any time soon, you could say we haven't lost a dime!
Did you just figure that one out?Wow... I see we have some market timers in the group.
How much has your total net worth changed since the high (which for many is the stock market high in late 2007)?
For this question think of net worth as the cash out value of everything that could be cashed out: home equity, equities, bonds, cash, other investments, 25 times yearly pension.
OMG, I don't even want to look at my percentage change. If I do, I might let my emotions get the better of me!
Still not sure about the term market timer.
If the grocery has a sale on stuff I want, I buy it.
Same with stocks, buy low. But then I don't sell it.
Perhaps I am a half sinner
Wow... I see we have some market timers in the group.
{whisper} psssst, most lose with that approach!
Good luck.
Oh well. I used to do it also. It was an expensive education.