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>> I wonder how this will affect my life, if at all. Depends on where you invested your money. A lot of 401K's lost close to 40% of their value after the 2008
by at-fates-hands 11y ago
>> I wonder how this will affect my life, if at all.
Depends on where you invested your money. A lot of 401K's lost close to 40% of their value after the 2008 crash. A lot of people near retirement had high exposure since most of their investments were in equities (90% or more) and lost even more.
I'm pretty sure this is just a correction. You should get concerned when the market goes down and stays down. As pointed out earlier, the market has already gained back most of the losses already.