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2
Posted on 10/3/22 at 12:29 pm to dewster
People who are overweight growth and tech will probably have larger declines. The Nasdaq is down 33% this year.
Posted on 10/3/22 at 12:35 pm to Oilfieldbiology
"Man I don’t even want to think about it. My dad retired 3 months ago. I know my parents planned and saved very well, but you can’t really plan for a 25% decrease in worth."
Unfortunately, add nearly a 15% loss in purchasing power due to inflation. I hope to work far beyond what seems necessary as a combination of loss and inflation can hit hard and fast.
Unfortunately, add nearly a 15% loss in purchasing power due to inflation. I hope to work far beyond what seems necessary as a combination of loss and inflation can hit hard and fast.
Posted on 10/3/22 at 1:25 pm to Stexas
quote:Read it again. The average return for the S&P 500 after a drop of 20% is almost 72%.
With the losses from this downturn, I'm at 3.8% over 5 yrs....
The S&P 500 was in the 2,600 range 5 years ago...
Posted on 10/3/22 at 1:28 pm to Rhino5
quote:You haven't experienced much internet then, apparently.
This is probably the worst advice on the entire internet.
I will say, 2-3 years is on the longer end of the spectrum. Typically I'll recommend closer to a year - as in if you need the money in the next 12 months, just stick it in cash. No one knows what the market is going to do in the next 12 months. If they say they do - they are delusional.
If someone needs $50k in 2 years, I might invest some in stocks but mostly in bonds and some in cash. The longer the time horizon, the more confident I am that they will make money in the market.
Posted on 10/3/22 at 3:52 pm to BPTiger
Was tracking very nicely until Brandon took over
Posted on 10/3/22 at 4:08 pm to olemissfan26
What do they mean by “starting salary”?
Posted on 10/3/22 at 4:32 pm to OldSouth
Yeah I was a little confused about that too. Is that my salary at my first job? Because 10x that is nowhere close to what I think I need for retirement. Not even half.
Posted on 10/3/22 at 5:33 pm to Niner
Didn’t say you were wrong, just shared my experience related to the OP.
Posted on 10/3/22 at 5:36 pm to fallguy_1978
Down just over 10% with 63% equity exposure. Significantly underweight growth, sold my commodities exposure in mid-June, and used ultra short term fixed income for most bond holdings. This excludes years worth of I-bonds, many with fixed components over 2%. Have acquired 6-figures of PDO ranging from 13.34 - 14.08 which is throwing off significant income in a Roth, then there is this guy:
Insider Buy: Pimco Dynamic Income Opportunities Fund
BY MT Newswires — 8:03 AM ET 09/14/2022
08:03 AM EDT, 09/14/2022 (MT Newswires) -- Emmanuel Roman, member of investment advisor's executive committee, on September 12, 2022, executed a purchase for 70,000 shares in Pimco Dynamic Income Opportunities Fund (PDO) for $1,048,323. Following the Form 4 filing with the SEC, Roman has control over a total of 170,000 shares of the company, with 170,000 shares held directly. The market value of the direct and indirect holding, based on the transaction price, is approximately $2,538,797.
Insider Buy: Pimco Dynamic Income Opportunities Fund
BY MT Newswires — 8:03 AM ET 09/14/2022
08:03 AM EDT, 09/14/2022 (MT Newswires) -- Emmanuel Roman, member of investment advisor's executive committee, on September 12, 2022, executed a purchase for 70,000 shares in Pimco Dynamic Income Opportunities Fund (PDO) for $1,048,323. Following the Form 4 filing with the SEC, Roman has control over a total of 170,000 shares of the company, with 170,000 shares held directly. The market value of the direct and indirect holding, based on the transaction price, is approximately $2,538,797.
Posted on 10/3/22 at 8:18 pm to BPTiger
quote:
I’m at -25.84%!
Mine is exactly the same.
Posted on 10/3/22 at 8:42 pm to fallguy_1978
Yeah I think it should have been X “current salary”
Posted on 10/3/22 at 9:50 pm to olemissfan26
Pos 63.5%
Went full tilt XOM early in year. Sold at 93. Full tilt again at 82. Sold at 93.
Missed this last swing but I ain't mad at it.
Went full tilt XOM early in year. Sold at 93. Full tilt again at 82. Sold at 93.
Missed this last swing but I ain't mad at it.
Posted on 10/3/22 at 10:03 pm to BPTiger
+1.5%
Posted on 10/3/22 at 11:25 pm to BPTiger
my dad said he is down a million dollars no cap
Posted on 10/4/22 at 5:33 am to tirebiter
quote:
70,000 shares in Pimco Dynamic Income Opportunities Fund (PDO)
The expense ratio on that fund is 1.15% that will add up quick with a large amount of shares.
Posted on 10/4/22 at 5:56 am to dewster
I'm ridin'it out for 401K -20.48% YTD
and one old traditional IRA -25.82% YTD
and one old traditional IRA -25.82% YTD
Posted on 10/4/22 at 6:53 am to CharleyLake
Not really sure but it’s a good amount. However I won’t need it for 25 years so I try not to even worry about it. I would have a different opinion if I was about to retire.
Posted on 10/4/22 at 6:59 am to BPTiger
-20.78%
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