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Started By
Message
re: Your 401K is getting destroyed
Posted on 6/13/22 at 6:12 pm to Allthatfades
Posted on 6/13/22 at 6:12 pm to Allthatfades
Frankly after Biden was elected people closer to retirement should have completely divested
0
Posted on 6/13/22 at 6:19 pm to Scruffy
quote:
People always viewed Russia’s economy as the size of Spain’s, due to the reported GDP, but when it comes to essential worldwide markets, they are probably more on par with Germany.
The low IQ crowd doesn’t understand what purchasing power parity is
Posted on 6/13/22 at 6:21 pm to Allthatfades
Jokes on them. I dont have 401k
Posted on 6/13/22 at 6:22 pm to UltimaParadox
True but stocks and bonds have been obliterated. Market was way overheated though so somewhat expected esp with Pampers in Chief purposely destroying the main input into our economy
Posted on 6/13/22 at 6:26 pm to BigWillyMetry
Its Putins fault
Posted on 6/13/22 at 6:35 pm to Tigris
It’s hard to believe that people didn’t see this coming.
Posted on 6/13/22 at 6:38 pm to Allthatfades
My 401k has become a 280k.
This post was edited on 6/13/22 at 6:39 pm
Posted on 6/13/22 at 6:41 pm to Allthatfades
But at least we all got to play pandemic for a couple years.
Posted on 6/13/22 at 6:47 pm to Allthatfades
I am buying more share today then I was a few months ago. I’m over 15 years from retirement so likely will correct by then.
Posted on 6/13/22 at 6:49 pm to EA6B
quote:
You should have posted a warning for us dumb asses back in November. Since I started reading the TD Money board in 2008 not a single person that has predicted a market crash has been correct, and for those that supposedly got it right they only seem to post about it after it happened.
No one should have needed to tell you to get out, look at the signals that were blaring. I know nothing about charts, SPY or any of that crap, but even I could tell what was coming.
Posted on 6/13/22 at 6:59 pm to TorchtheFlyingTiger
quote:
They are if they want it to last more than 20 or 30 years. Not to mention even cash is getting eaten away by inflation and bond funds are losing value. I retire next month sitting at 95% equities but preparing for 40+ year retirement.
Those downvoting have no clue how right you are. Probably poor guidance, lack of understanding, or most likely both.
How is someone supposed to draw from their portfolio coupled with SS/pension/etc. to create a retirement income in an inflationary world? Majority of their portfolio in properly diversified equities. End of story
Posted on 6/13/22 at 7:19 pm to TorchtheFlyingTiger
quote:
They are if they want it to last more than 20 or 30 years. Not to mention even cash is getting eaten away by inflation and bond funds are losing value. I retire next month sitting at 95% equities but preparing for 40+ year retirement.
You have a metric frick ton of money at risk
Posted on 6/13/22 at 7:21 pm to Allthatfades
I’m under 40, but glad I transferred my stocks to inflation protection bonds 6 months ago
Posted on 6/13/22 at 7:26 pm to Allthatfades
I'm 4 years from retirement. Was planning on going at 60. May put it off until 62. We just have 1 car note but I was planning to do a lot during retirement. I don't want to sit at home and watch tv
Posted on 6/13/22 at 7:32 pm to greenbean
quote:There is no reason someone 20+ years from retirement should pull out of the market. They should continue funding their retirement accounts every month and think of it as getting a discount on the funds while the market is in the shitter.
In December, the signs (war, inflation, interest rates, labor and supply shortages, etc) were screaming at us to get out of the market. Those who didn't listen are either ignorant or greedy.
This post was edited on 6/13/22 at 8:20 pm
Posted on 6/13/22 at 7:34 pm to UltimaParadox
quote:
Your 401K is getting destroyed If they were only a year from retirement. They probably weren't holding 100% stocks in their portfolio
Correct. They were probably heavy in bonds which have performed just as bad or worse than stocks lately.
Posted on 6/13/22 at 7:38 pm to TDTOM
Posted on 6/13/22 at 7:40 pm to Allthatfades
I've raised my contribution to the max I can afford (Still have to contend with inflation on food and gas after all)
When market capitulation hits, it will be a good time to be a long way from retirement still. I'm looking at it like more money for later
When market capitulation hits, it will be a good time to be a long way from retirement still. I'm looking at it like more money for later
Posted on 6/13/22 at 8:05 pm to The Boat
quote:
Joke’s on you, I don’t have a 401k!
quote:
Don’t need one when you’re on government assistance
Posted on 6/13/22 at 8:14 pm to Allthatfades
It really is not, it got over inflated the last 2 years..down another 15% and it will be fair value..when you give everyone extra money for a while it inflates everything..inflation?? The money is about to be leaving in a huge hurry..look at credit card debt and net wealth...buy again in around a year
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