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I’m officially back where I started when Biden took office

Posted on 6/13/23 at 5:58 pm
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
43115 posts
Posted on 6/13/23 at 5:58 pm
My retirement account is right back where it was the day Biden took the oath of office. Problem is, I’ve contributed nearly $20,000 since then
Posted by Dawgfanman
Member since Jun 2015
24250 posts
Posted on 6/13/23 at 6:16 pm to
You should consider just buying S&P index..
Posted by Big Scrub TX
Member since Dec 2013
34346 posts
Posted on 6/13/23 at 6:17 pm to
quote:

I’m officially back where I started when Biden took office
My retirement account is right back where it was the day Biden took the oath of office. Problem is, I’ve contributed nearly $20,000 since then
What'd you do to screw it up so badly?
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
7703 posts
Posted on 6/13/23 at 6:18 pm to
I just don't look anymore. I'll be up 10k, down 5k, down 15k, then back up 25k. Nothing makes sense anymore.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
36366 posts
Posted on 6/13/23 at 6:28 pm to
quote:

My retirement account is right back where it was the day Biden took the oath of office. Problem is, I’ve contributed nearly $20,000 since then


That’s crazy. Mine is way up. Maybe stick with index investing.
This post was edited on 6/13/23 at 6:28 pm
Posted by Jag_Warrior
Virginia
Member since May 2015
4282 posts
Posted on 6/13/23 at 7:23 pm to
quote:

Problem is, I’ve contributed nearly $20,000 since then.


I mean no offense, but I don’t think that’s “the problem”.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
73204 posts
Posted on 6/13/23 at 7:36 pm to
LGB FJB
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
9000 posts
Posted on 6/13/23 at 8:16 pm to
That’s the good news. The bad news is that a dollar is worth about 75% of what it was worth when that clown was installed.
Posted by DaBeerz
Member since Sep 2004
17435 posts
Posted on 6/13/23 at 9:43 pm to
I’m getting close, only problem with mine was I have a good chunk of Netflix and it was up to 700 at one point but now going back up
Posted by FinleyStreet
Member since Aug 2011
7947 posts
Posted on 6/14/23 at 7:32 am to
What are you invested in?
Posted by Grinder
Member since Nov 2007
2010 posts
Posted on 6/14/23 at 2:18 pm to
quote:

My retirement account is right back where it was the day Biden took the oath of office. Problem is, I’ve contributed nearly $20,000 since then


You only deposited $20K in 2 1/2 years?
Posted by Y.A. Tittle
Member since Sep 2003
104127 posts
Posted on 6/14/23 at 3:07 pm to
We must have very similar holdings.

I'm in all index funds by the way.
This post was edited on 6/14/23 at 3:17 pm
Posted by Pauvetibete
Member since Apr 2022
676 posts
Posted on 6/14/23 at 3:51 pm to
I'm still down quite a bit. My 401k is -1.6% YTD from January 1st and over -8% since Covid.
Posted by KWL85
Member since Mar 2023
1451 posts
Posted on 6/14/23 at 6:16 pm to
Then you are doing it wrong. I have been positive for a while. Not blowing the doors down, but not negative.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
28479 posts
Posted on 6/15/23 at 11:02 am to
Edit: redoing math because I fricked up the dates…
This post was edited on 6/15/23 at 11:06 am
Posted by rebelrouser
Columbia, SC
Member since Feb 2013
11243 posts
Posted on 6/16/23 at 8:22 am to
Me too. I went from a bunch of index type funds to a managed portfolio hedging against a recession. An important note is that most of the recent gains are based on a handful of funds.
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
2980 posts
Posted on 6/19/23 at 4:10 pm to
quote:

I’ve contributed nearly $20,000 since then


Isn't that what dollar cost averaging is all about?
Posted by buckeye_vol
Member since Jul 2014
35309 posts
Posted on 6/19/23 at 5:01 pm to
quote:

My retirement account is right back where it was the day Biden took the oath of office. Problem is, I’ve contributed nearly $20,000 since then
If you had invested 100% in an S&P 500 index (SPY, VOO) and reinvested dividends at the beginning of 2021, but didn’t even contribute a single cent since then, you should be up by about 22%. Even if you were much more conservative, you should be up, without any additional investing.
Posted by burke985
UGANDA
Member since Aug 2011
25602 posts
Posted on 6/19/23 at 10:41 pm to
Give it time it will be wiped out soon
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