I hope to God the money I have invested for my college fund will survive this. Otherwise, I'm screwed. I called my mother (she controls it) and she had BETTER return my phone call soon.
It is dumb things like this that screw things up. The ONLY way you should be investing is for the long haul (5+ years) -- and I GUARANTEE it will go up. If you "invest" for a sorter horizon go to the race track: you'll have better odds.
I wasn't actually planning on pulling the money out.
I in no way even IMPLIED that's what I was going to do.
I was merely going to ask my mom's opinion on the situation, and whether or not the money should be completely moved over to mutual funds (it's a mix right now).
I freaked out because a friend of mine woke me up this morning freaking out about it. (remind me to block that person from calling my cell-phone so early, when my mind isn't quite awake yet.)
I've been keeping track of the stock market via my cell-phone, so my fears have gone away...for now.
It would be nice to give up the Internet so I wouldn't have to read all these news articles (the doom and gloom crap is always in my face), but school, and life in general, do not permit that. I know the Dems and their panicking over the housing market have caused a lot of turmoil.
Another edit: I also freaked out because of the fantasy stock market I play in. I have a lot "invested" there, and that game has become an obsession.
So far, I'm the only one who has maintained a positive earning percentage.