Depressioning

Last week I mentioned how one of my retirement accounts took a $6,000 loss in the first quarter of 2008, and then wondered if this was not really a depression. Today, I got my other retirement statement. On this one I took a $5,000 loss. So for the first quarter of 2008, I took a total retirement loss of $11,000. This may not be a depression based on some economists definition of the number of quarters in which the GDP has done whatever it does in a depression, but I can’t tell you how depressing this seems to me. I should have moved some of my retirement funds to bonds a while ago. It’s kind of like closing the barn door after the horse has escaped, but I’m reshuffling my retirement distributions so that 20-25% of the contributions go into bonds. The remaining will stay in the depressing market. I might not make a killing in bonds, but at least I won’t loose another $11,000 (I hope!).

Published by Jamie Todd Rubin

Jamie Todd Rubin writes fiction and nonfiction for a variety of publications including Analog, Clarkesworld, The Daily Beast, 99U, Daily Science Fiction, Lightspeed, InterGalactic Medicine Show, and several anthologies. He was featured in Lifehacker’s How I Work series. He has been blogging since 2005. By day, he manages software projects and occasionally writes code. He lives in Falls Church, Virginia with his wife and three children. Find him on Twitter at @jamietr.