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1
Posted on 9/24/22 at 7:54 am to Carnac
I switched over to fixed for the crash in March.
No gains, but holding on.
No gains, but holding on.
Posted on 9/24/22 at 8:06 am to Carnac
quote:
I’d really like to know how much wealth has been lost in the last 6 months
War Room reported this week Americans have lost $6 trillion of wealth in the last quarter…..wow!
Posted on 9/24/22 at 8:48 am to Bestbank Tiger
quote:No it doesn’t.
saving doesn't keep up with Brandonflation.
Beats taking a bath in the market.
Posted on 9/24/22 at 8:50 am to Carnac
Down 15% last time I looked. I tried to up contributions and not look.
Posted on 9/24/22 at 8:57 am to deltaland
Still waiting for the CNN Money article- “Why a plunging 401k might be a good thing”.
Posted on 9/24/22 at 9:00 am to Bass Tiger
quote:woops, there goes the millennials inheritance
War Room reported this week Americans have lost $6 trillion of wealth in the last quarter…..wow!
Posted on 9/24/22 at 9:05 am to Bass Tiger
quote:
War Room reported this week Americans have lost $6 trillion of wealth in the last quarter…..wow!
How much did they actually lose, though?
This reminds me of 2009 when people were complaining about how they "lost so much equity" in their homes. The homes never had that much actual equity because a bubble had artificially raised the appearance of the value of the object.
Same applies to investments. That post-covid boom was fueled by money injections from fedgov. It wasn't real growth. People should compare their 401ks and net wealth to Jan or Feb 2020, not Jan or Feb 2022.
Posted on 9/24/22 at 9:05 am to Carnac
I’m down 17% so far I refuse to look at it anymore until after November.
Thank god I’ve got 20 years or so till retirement
Thank god I’ve got 20 years or so till retirement
Posted on 9/24/22 at 9:15 am to Carnac
Up 21% YTD.
Will get downvoted to hell but misery loves company so I understand.
Will get downvoted to hell but misery loves company so I understand.
Posted on 9/24/22 at 9:17 am to Realityintheface
What’s your portfolio like?
Posted on 9/24/22 at 9:18 am to Mo Jeaux
Options
Posted on 9/24/22 at 9:20 am to Carnac
Down over a million.
Posted on 9/24/22 at 9:22 am to Carnac
I have individual stocks. They are down about 5%.
Posted on 9/24/22 at 9:26 am to Carnac
I just look at percentages. It’s 15 percent last I looked. That was prior to this week.
I did make a move into bonds at a peak while it dropped a bit earlier in the year. I then jumped back to equities. That softened some of the hit.
I did increase what I’m putting in. Equites are going to be cheap into the coming year. I’m about to be buying retail stocks including Target. If it gets close to $120.. that will be sooner rather than later.
I did make a move into bonds at a peak while it dropped a bit earlier in the year. I then jumped back to equities. That softened some of the hit.
I did increase what I’m putting in. Equites are going to be cheap into the coming year. I’m about to be buying retail stocks including Target. If it gets close to $120.. that will be sooner rather than later.
Posted on 9/24/22 at 9:36 am to Carnac
I have two 401K's. One from a previous employer and the other for my current one. I'm down 15% for the both of them since Jan 1.
Posted on 9/24/22 at 9:38 am to PhillyTiger90
Who cares about that. Unless you are nearing retirement a tanking 401k is of no concern to you. Just let that shite ride and don't even look at it if it concerns you
Posted on 9/24/22 at 9:48 am to Carnac
Are you about to retire???
Posted on 9/24/22 at 10:01 am to Carnac
Posted on 9/24/22 at 10:21 am to Carnac
quote:
I’m down over $200,000 since November in my 401k. There isn’t one fund available in my plan that hasn’t lost at least 10 percent year to date. How about you?
I'm generally up a little more than the market on positive days and not quite as low than the market on down days, but the last two weeks have been brutal on my account as I've been down well more than the market on the really bad days. With that said, I'm still up 13% YoY.
The thing you (and everyone) needs to understand is that this was always going to happen due to the decade+ of QE and then the fricking-retarded-level of money injection directly into the market we saw with the stimmy checks and PPP. The Biden administration's war on oil poured gasoline on this.
Due to continuing increases in energy (electricity) and food, along with the price of oil absolutely going back up once the drawdown on the SPR stops in November, I'm bearish on the market through the end of the year.
We're in the beginning of the middle of the shitstorm.
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