Here is one of the more highly rated stocks i bought for my 401K. Please note that I will likely NEVER trust the stock market again.
Stock Original Cost 2/20/09 Value
| GENERAL MOTORS CORP | $37863 | $3946 |
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I just get sick looking at my statements each month. Companies I bought at $45 per share now down to $5. Shoulda sunk it all into Hormel! Lots of Spam eaters out there now!
ReplyDeleteWho in their right mind would think GM would lose 98% of its share value??? I am unable to stomach looking anymore, but the last time I did, i had lost about 34% in my 401k, even though the contributions continued every month. Sort of like the bailout, dumping good money after bad. If I had stopped my contributions, the real decline is about 49%... as we used to say "Bummer dude".
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