Then today I get an email from Fidelity with this message in giant letters:
Thoughts on investing in a volatile marketplace.
Holy crap, this can't be good? They are telling me not to panic, but I am panicking! Oh crap oh crap oh crap! I asked around if this was bad, and The Serg said I should not look at my portfolio. Of course what do I do, I log on and find out I've lost 36.5% of my portfolio.
To put this in to prospective; I've lost everything I have put into my 401K in the past year plus $300. I'm not as bad off as some of the people in the station, but how am I going to make this back? I did a little bit of changing, like drop all of my company stock (hasn't made money since I've been here) and took some of the riskier investments and put into simple bonds that will make money. I know I am young and can be and need to be a little risky, but I can't ever have this happen again. To loss a years worth of work when I could have used that money to... I don't know pay off credit cards or make a house payment.