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Thread: Dollar acting well

  1. #1
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    Clap Dollar acting well

    Sunday, November 23, 2008

    1 US Dollar = 36.17800 Dominican R. Peso

    The dollar has been acting well against other foreign curriences, that is one good thing going for us!!
    "The Brinks Truck Never Follows The Hearse"

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  4. #2
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    Re: Dollar acting well

    i hope this keeps up for my trip in January

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    Re: Dollar acting well

    Quote Originally Posted by howudoen View Post
    Sunday, November 23, 2008

    1 US Dollar = 36.17800 Dominican R. Peso

    The dollar has been acting well against other foreign curriences, that is one good thing going for us!!
    Heres the rub though:

    We are all 50% less wealthy

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    Re: Dollar acting well

    50%? I wish my 401k is down 66.74% so far this year! Yikes. Good thing I had only been contributing 2 years or I would be really depressed. Bad news is I had stepped down to 5% as I was nearing the max allowed so I am not buying in as much as I should be right now. January I go back to 15% and try and catch up!

    If within 5 years things are back where they were a few years of buying "bargains" would be great assuming I stay employed!

    Quote Originally Posted by Hunter View Post
    Heres the rub though:

    We are all 50% less wealthy

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    Re: Dollar acting well

    Hedge funds are facing record redemptions and margin calls that require forced liquidations on anything and everything that can be sold.
    A lot of the stuff they hold is illiquid and toxic and has no market so they must sell the good stuff including gold.

    Printing massive amounts of money out of thin air has never been a good move in the longer term and it seems like there is a new massive bailout by a broke government almost daily.
    It looks inevitable that gold will soar and the US$ will tank.

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    Re: Dollar acting well

    Quote Originally Posted by Hunter View Post
    Heres the rub though:

    We are all 50% less wealthy

    But you have another 30 solid years to work and get it back.



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    Re: Dollar acting well

    Quote Originally Posted by Jimmydr View Post
    But you have another 30 solid years to work and get it back.
    What is so sickening about that, is how TRUE it is.
    We(the older farts) went through this shit already in '87. Took quite a while to bounce back from that one. Im a lot more conservative today and made a decision 2 years ago to switch 100% of my 401K into a "large cap blend index plus fund" earning 3.5%, steady as she goes. cant afford another hit like in '87.

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    Re: Dollar acting well

    Quote Originally Posted by jd426 View Post
    What is so sickening about that, is how TRUE it is.
    We(the older farts) went through this shit already in '87. Took quite a while to bounce back from that one. Im a lot more conservative today and made a decision 2 years ago to switch 100% of my 401K into a "large cap blend index plus fund" earning 3.5%, steady as she goes. cant afford another hit like in '87.
    yeah but you still got whacked 34-40% right??? the large caps have been hammered.....

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    Re: Dollar acting well

    Quote Originally Posted by Hunter View Post
    yeah but you still got whacked 34-40% right??? the large caps have been hammered.....
    up 3.5% since 1/1/08. unless Fidelity is lying to me online.

    Rate of RETURN is down 32% but not my principal balance.
    its an Index Plus Fund - S&P 500® Fund

    but I know the pain of losing it all to well, I feel for you guys. been through it.

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    Re: Dollar acting well

    Quote Originally Posted by jd426 View Post
    up 3.5% since 1/1/08. unless Fidelity is lying to me online.

    Rate of RETURN is down 32% but not my principal balance.
    its an Index Plus Fund - S&P 500® Fund

    but I know the pain of losing it all to well, I feel for you guys. been through it.
    impossible.. what is the name of the fund??? are you sure you are reading this right. how can your principle not be down in 2008???

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    Re: Dollar acting well

    I will also be bumping up my 401k deduction this year but all of the new money will be low risk, low yield. The old money will stay right where it's at. I don't think that treasury will be printing any extra money. There will be future wealth generated sufficient to cover the money currently being allocated but it's going to take a very long time. I'm thinking 12/21/2012 just as the planets come into perfect alignment and the Earth's core does a 180 degree phase shift under its mantle, reversing the poles and ending most of life as we know it. If it doesn't happen the way the Aztecs said it would I should have a little money for bait & beer left in the account. I'll probably have to rely upon charm to get laid though. Now there's a challenge.
    Beer is proof that God loves us and wants us to be happy.
    - Benjamin Franklin

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    Re: Dollar acting well

    Quote Originally Posted by Hunter View Post
    impossible.. what is the name of the fund??? are you sure you are reading this right. how can your principle not be down in 2008???
    It's a stable value fund, when I called them today they said its handled or associated with "state street Global Advisor Group" ? if that makes any sense.

    Stable Value Fund
    Inception Date 01/01/1999
    Cumulative rate of return
    1yr 4.44%
    3yr 4.77%
    5yr 4.52%

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    Re: Dollar acting well

    You threw me off saying it was an S&P 500 fund. That is basically an income fund. I don't believe it has anything to do with stocks. Very good move. Sorry for scaring you....

    Stable Value Fund
    An investment option which may be offered by a plan. A stable value fund generally invests in investment contracts, certain types of fixed income securities (e.g., U.S. treasury bonds, corporate bonds, mortgage-backed securities, bond funds), and money market investments. While the stable value fund tries to maintain a stable $1 unit price, the fund cannot guarantee that this unit price will be maintained and its yield may fluctuate. The goal of the stable value fund is to preserve the participant's principal investment while earning interest income.

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    Re: Dollar acting well

    I'm glad your dollar is doing well. A year ago the Canadian dollar was at 36.5 pesos. Today it is 28.73 ... at this rate I may never be able to return to the DR again!!!

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    Re: Dollar acting well

    Quote Originally Posted by Kennilingus View Post
    I'm glad your dollar is doing well. A year ago the Canadian dollar was at 36.5 pesos. Today it is 28.73 ... at this rate I may never be able to return to the DR again!!!

    That sucks to be Canadian, for once in 88 years.

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    Re: Dollar acting well

    Monday, December 1, 2008

    1 US Dollar = 36.43522 Dominican R. Peso

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    Re: Dollar acting well

    Quote Originally Posted by Kennilingus View Post
    I'm glad your dollar is doing well. A year ago the Canadian dollar was at 36.5 pesos. Today it is 28.73 ... at this rate I may never be able to return to the DR again!!!
    Come on now, Kenni We all know you're addicted to the place. You'd return at 15 pesos to the dollar, just not as often.

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    Re: Dollar acting well

    Quote Originally Posted by howudoen View Post
    Monday, December 1, 2008

    1 US Dollar = 36.43522 Dominican R. Peso
    The rate is always better for you guys during the holiday season. Once that passes, the exchange should drop again.
    If you think it's love try not paying in the morning..

    "Do not regret growing older. It is a privilege denied to many."

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    Re: Dollar acting well

    From my point of view this thread should be entitled "Dollar acting badly".

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