"you still own something of value as opposed to worthless stock in some defunct dot.com start-up."
Don't remind me!!!! ARRRGGGHHH!!!!!!!!
Hell, I lost a boatload of money when the Nasdaq tanked. My house has more than doubled in the last four years, even if there is a 20% dip, I'll still be way ahead.
Well, if you bought a house last year for $600,000 and in another two years it's only $400,000, you've still lost $200,000 no matter how you look at it. Is my math 101 wrong here?
===================================================
Friends and Family shares in the IPO of a now defunct Dot-Com bought my little shack. Geeez, I miss the nineties...(sometimes)
heh. I had half my money in bonds, a quarter in blue chips, and a quarter in growth companies. I didn't see a big gain when everybody else was scrutinizing their ports on a daily basis and I was wondering what was wrong with me. Then the bubble popped, and I didn't lose much either.
I just bought a house yesterday for $110,000. It's a cute lil' ol' 45 year old 1614 sq ft 3 BR gem with a great yard. I believe that pricing pressures even just a few blocks away are going to drive my prop values up.
I also have 4500 shares in a startup I was involved in that has actually become a player in the outsourcing game. That actually may turn out to be something someday.
I can hardly believe it but I'm actually mustering some assets in my life.
You mean you had a 401K that turned into a 001K?