Feb
05
2010
When will my investments be worth what they were in October 2008?
J. asked:
In mid-2008, I was so proud of the money I had been working hard for and saving for retirement. I also had some money in a taxable investment account. Then at the end of 2008 and the beginning of 2009, I was very disappointed as I saw the value of my hard-earned savings/investments plummet to a sad number indeed.
In mid-2008, I was so proud of the money I had been working hard for and saving for retirement. I also had some money in a taxable investment account. Then at the end of 2008 and the beginning of 2009, I was very disappointed as I saw the value of my hard-earned savings/investments plummet to a sad number indeed.
To put it simply, when will things be better again?
Enrik
By Thomas, February 7, 2010 @ 12:48 pm
Not knowing what you have investing in - no one can tell you. If you are talking stocks - it depends on several factors not the least of which is what stocks the money in invested in.
historically there is only one model of a similar collapse and that was Japan where it is referred to as the lost decade. 10 plus years and still no full recovery of value in stock or real estate prices. For example stocks maxed with an average of 38,900+ and now are in the 10,000 range. At one time properties maxed at $93,000 a square foot.
Don’t believe the hype about the recovery is what I would say. For the record I left real estate in 2005 have ben out of stocks and in cash from the fall of 2007 and remain in cash. This looks like a bear market rally to me - all emotion no underlying strength. Of course this is my opinion and possible worth what you paid for it.
By pank t, February 8, 2010 @ 3:33 am
The world as we knew it has ended.
The world as we knew it simply never the world as we knew it simply never the world as we knew it has.