Dollar acting well

[howudoen]

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!!

[jimrock187]

i hope this keeps up for my trip in January

[Hunter]

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 :icontd: :icontd: :icontd:

[prtyr2]

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!


Heres the rub though:

We are all 50% less wealthy :icontd: :icontd: :icontd:

[Si_Poppi]

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.

[Jimmydr]

Heres the rub though:

We are all 50% less wealthy :icontd: :icontd: :icontd:


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

[JD426]

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.

[Hunter]

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.....

[JD426]

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.

[Hunter]

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???

[greydread]

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. :rolleyes: 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.

[JD426]

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%

[Hunter]

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.

[Kennilingus]

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!!!:mad:

[Jimmydr]

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!!!:mad:


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

[howudoen]

Monday, December 1, 2008

1 US Dollar = 36.43522 Dominican R. Peso

[terrierist]

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!!!:mad:
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.

[MrHappy]

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.

[weyland]

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