Quote:
Originally Posted by kstater
Take it and run. I did my best not to panic, look at the IRA too much, and ended down 12.8. The good news is I’m still a long ways from needing it.
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Ouch. Did something in particular tank on you?
I have three different accounts that I manage, two IRAs and one that's liquid savings. One of them was a rock and only lost 2.5 percent. The second one did pretty good as well, relatively speaking, and was down 3.2 percent.
But the third one was down 14.0 percent. It seemed like all of my overweighted stocks in that account tanked, even though there was no particular pattern among them. My second-biggest holding in that account (THO) got pulverized this year, losing over 60 percent, and it was about 8 percent of my total holdings in that account. But hey, now it's low so I'm buying a little more. It'll go back up eventually, right?