Is it time to pull out (IRA Rant)…

You’re never gonna retire baw and it’s ok because we’ll all be bros in the fema camp next year and they’ll just mass grave us when we can’t work anymore

You should just yolo my daily stock picks if you want to make money


ETA: oh yeah

Buy these stocks ON SALE so somebody else can cash out at your expense

If you are not retiring in the next couple of years, why not buy low and enjoy much larger nest egg upon retirement via more shares bought?

Consider it.

2 things

It’s an IRA, if it’s fidelity or vanguard you aren’t limited to just Invesco. And if so, dude there are tons of options that are good.

Also, you gave shite information. What’s your age? You clearly have no risk tolerance or dont understand stocks and how stocks go up and down. Don’t cash out, buy sp500 or total international funds and ride the roller coaster.

Stop being a baby

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For some months this year, like clock work, my contribution would be added to the funds, and by mid month the accounts would settle back down to near the previous month’s value with the added shares.

I am thinking about getting off the train I am on now and restarting fresh with a new allotment of funds, and taking the loss, tax hit, and penalty in January to build up some cash reserves.

The way the market is looking short term, withdrawing even with the tax penalty could be more advantageous than continuing to lose money.

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wtf lol

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IRA

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Tax hit

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Does not compute. As long as you don’t withdraw from the IRA, you can completely change your allocations with no tax penalty.

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Any suggestions on future fund recommendations, my company uses Invesco funds?

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Did you mean 401k? Even then, you should be able to change to any other fund offered (possibly including money market) without penalty.

Is it so hard to believe that things are going to fall apart and we’re going to move away from a convenience economy back to something more akin to the good old days?

Nowadays the neocon dream is to work at the cubicle farm and put 2.5% of your paycheck into vanguard until you can get some windfall and retire early or work until they kick you out at which point you wear tommy Bahama and wait for social security to kick in. After 10 years your kids reverse mortgage your house and put you in the nursing home where they stick you full of tubes and keep you alive indefinitely against your will until you die of an infected bedsore

Y’all act like this is the way things have always been when it’s only been this way for like 30 years

What I’m proposing is that things will go back to the good ol days one way or another. Our economy where all the inputs come from China and everyone in America just middlemans Chinese junk to each other will come to an end and either we go back to subsistence or we go back to making things ourselves

The powers that be don’t want us to make anything ourselves and will hinder that as much as they can. I know none of this matters but in the context of our discussion I’m saying that the stock market isn’t going back to 2021 levels

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Most of the time, I don’t understand how financial advisors justify their existence. Then I read threads like this, and it all makes sense.

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This is true, sad part is many "financial advisors" aren't any smarter and are just pushing products that make them commissions