This and That

October 24, 2008

Economic Meltdown and Me

Filed under: Rant — Tags: , , , — yaadayaada @ 2:41 am

Have been following the Finanacial crisis, the price hike of essential commodities (food, oil, bread). But have never let it bother me. Always have been walking around with a a positive outlook. Saw a colleague of mine who is close to retirement getting depressed and felt for him, still maintained my positive attitude. Then saw Sundar’s series of depressing posts about the economy and was wondering why is he so upset. He is not going to retire now. All this positive attitude lasted until I saw my husband’s and my 401K statement. Between him and me, have managed to bring down our 401K significantly down. Could have bought a small flat in the outskirts of Chennai with the money lost. For the first year at work, I never invested in 401K. I used to invest my money under the mattress. Then at the end of the year, Husband made me invest in 401K. The one time, I listened to him, look what happenned. Now I know why my colleague and Sundar were depressed. I am joining the club!!!

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2 Comments »

  1. sorry for the depressing posts.. I never responded to s.b.’s comment that I got him beat big time.. because just couldnt come out and say it..

    en 401k seththu pochchu..

    there .. I said it!

    they used to have a 10% of your pre tax salary or max 11k rule.. then it went up to 15k / year max.. stupid me used to take bonus checks and put it all in 401k !! my old employer allowed us to do that..

    they even had CIGNA give us a class on site and at the end of the class a CIGNA person would give you “advice” ..

    she told me that since I was young (which meant, I could afford to be reckless), I should choose the high risk to reward portfolio..

    dumbass that I am, listened to all that..

    then one fine day you open your statement and go

    bleep bleep what the bleep bleep bleep..

    Comment by sundar narayanan — October 24, 2008 @ 5:29 am

  2. Make him (husband) clean your pool.

    Atleast till the economy recovers (which effectively means a decade).

    Comment by husband's friend — October 25, 2008 @ 9:25 am


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