I know the economy is suffering lately, and had I not been paying attention to the news I would have figured it out by looking at my bank account. My Roth IRA, which had $4000 in it, is now worth $3762, and my regular Vanguard mutual fund, which had $5100 invested in it, is now worth $4662. Ok, so I’ve lost about $700 thus far on my investments. Ouch.
I’ll stick it out because I know investments have to be a long term sort of deal, and hopefully at some point our economy will recover and so will my piggy bank. It’s just tough to watch $700 disappear so quickly, and I’m sure this isn’t the end of the downturn. I’m prepared to lose all the money I invested, although it will surely SUCK to lose $9100. But if I lose all of that money, you can bet that I’m done with the stock market and mutual funds for good.