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My wife and I invested $700K at the end of 2021 — but after 2 years, we were down $35K
Posted on 3/15/24 at 10:59 am
Posted on 3/15/24 at 10:59 am
quote:
Question: My wife and I invested $700,000 at the end of 2021. After a little over two years, our valuation is down $35,000 — and we have never been in a positive valuation. Is this normal considering the volatile market the last couple of years? Should we stay the course or is there something we should be doing to help our portfolio move in the other direction? Is it time for an adviser to help us with this situation?
LINK
Did they put it all in Cathy's Ark or something?
9
Posted on 3/15/24 at 11:07 am to hikingfan
These people sound pretty dumb
Posted on 3/15/24 at 11:08 am to hikingfan
How can people not at least be aware of what their money is invested in? It’s simple to know what funds are invested and what the market has done on average during that time period. Literally requires the bare minimum involvement. I think people expect a FA to do everything and they can plead ignorance is bliss.
…Until they wake up and realize they f’ed up and they own the consequences (not the FA).
…Until they wake up and realize they f’ed up and they own the consequences (not the FA).
Posted on 3/15/24 at 11:17 am to hikingfan
As we all know, MOST mutual funds, retirement funds, etf’s, etc. don’t perform as well as the S&P, and..
S&P didn’t break through its Dec 2021 highs until just a few weeks ago…
S&P didn’t break through its Dec 2021 highs until just a few weeks ago…
Posted on 3/15/24 at 11:28 am to hikingfan
quote:There's been similar threads by posters on this board. They're so determined to fulfill the narrative that Biden = "we lost money" that they appear to have...lost money.
My wife and I invested $700K at the end of 2021 — but after 2 years, we were down $35K
Posted on 3/15/24 at 12:27 pm to hikingfan
They probably purchased a balanced type fund right at the peak before bonds crashed.
Posted on 3/15/24 at 12:58 pm to hikingfan
2022 was a terrible year. This isn’t that surprising. I guess many people made that up and more since, but maybe they were in the wrong stuff.
Posted on 3/15/24 at 1:19 pm to hikingfan
The amount of financial illiteracy iis unbelievable. This doesn’t surprise me at all.
Posted on 3/15/24 at 4:51 pm to hikingfan
A 60/40 portfolio like AOR would match that same performance from 12/21-12/23. It’s not all that surprising.
This post was edited on 3/15/24 at 4:52 pm
Posted on 3/16/24 at 9:44 pm to hikingfan
That’s terrible. We have 1 million invested and our advisor made us 18% return this past year
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