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re: Your 401K is getting destroyed
Posted on 6/13/22 at 4:44 pm to Allthatfades
Posted on 6/13/22 at 4:44 pm to Allthatfades
I'm thinking of all the boomers in my firm who really need to retire. This is not helping things.
0
Posted on 6/13/22 at 4:50 pm to Allthatfades
Mid 30s here. Increased my contribution from 3% to 10% a few weeks ago, when I saw things heading south. Hopefully it pays off years down the line. (If I could afford 20% as market values tumble, I would.)
Posted on 6/13/22 at 4:52 pm to Allthatfades
quote:
401K is getting destroyed
not mine. cashed it in.
Posted on 6/13/22 at 4:52 pm to Allthatfades
Subtle “I have a job” brag
Posted on 6/13/22 at 5:11 pm to Allthatfades
Bloods in the water….eat
Posted on 6/13/22 at 5:45 pm to Allthatfades
I made a mistake and read my last quarterly reports… It made me sick to my stomach…
Posted on 6/13/22 at 5:53 pm to Allthatfades
Been having a personal Roth that I've been throwing $200 into every month since I was 19 years old.
Just looked and it's lost $5k since 4/30/22.
I hate that twat Biden.
Just looked and it's lost $5k since 4/30/22.
I hate that twat Biden.
Posted on 6/13/22 at 6:12 pm to Allthatfades
Frankly after Biden was elected people closer to retirement should have completely divested
Posted on 6/13/22 at 6:21 pm to Allthatfades
Jokes on them. I dont have 401k
Posted on 6/13/22 at 6:38 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 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 7:40 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 8:14 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
Posted on 6/13/22 at 8:22 pm to Allthatfades
Posted on 6/13/22 at 8:23 pm to Allthatfades
quote:
I’m only 40, so it doesn’t matter as much
You sir, are a fool
Posted on 6/13/22 at 8:33 pm to Allthatfades
quote:
Your 401K is getting destroyed
I’m about 5 years out from retirement and honestly, my 401K has weathered all of this shite pretty nicely. I elected long ago to focus on growth through dividends. Dividends aren’t glamorous, but over the course of a career, they add up to a nice chunk of change.
Posted on 6/13/22 at 9:10 pm to Allthatfades
I seen this shite in 2008. Guys who were planning on retiring at the end of 2008 all of a sudden had their retirement down 35-40%.
Post WW2 Recessions
- Nov 1948 - Oct 1949
- 1953
- 1958
- 1960-61
- 1969-70
- 1973-75
- 1980
- 1981-82
- Early 1990
- Early 2000
- Great Recession
- Covid
Im no economy expert, but I don't believe a consumer economy is good long term. We create very little, when shite goes wrong and people all of a sudden don't have money to spend or prices spike up, that trickles down.
I think businesses like walmart hurt the economy because it killed local family businesses and without going into detail I think places like walmart and other big box stores have played a role in instability.
Post WW2 Recessions
- Nov 1948 - Oct 1949
- 1953
- 1958
- 1960-61
- 1969-70
- 1973-75
- 1980
- 1981-82
- Early 1990
- Early 2000
- Great Recession
- Covid
Im no economy expert, but I don't believe a consumer economy is good long term. We create very little, when shite goes wrong and people all of a sudden don't have money to spend or prices spike up, that trickles down.
I think businesses like walmart hurt the economy because it killed local family businesses and without going into detail I think places like walmart and other big box stores have played a role in instability.
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