re: After today, I'm only $38,000 down from where I was 2 weeks ago

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It’s an illogical way to judge your investments. Thats the man’s point.


I have people tell me they’re down $300k over whatever period as if that’s supposed to mean something on its own. If you’re saving for retirement, and you’ve been doing it for 30-40 years, a 10% stock market pull back is supposed to cost you a lot of dollars since you should have saves a lot of dollars.

If you’re down $100k now, and you’ve keep saving and investing, one day you’re going to be down $200k. When your account is making more in a year than you made in entire decade, sometimes it’s going to lose a decent bit too. Congrats. That’s the way this works.

ETA- Elon Musk lost nearly $20B on Monday. Have some perspective. Bigger accounts mean you’ll lose bigger amounts and make bigger amounts.

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You and Scrub are way over thinking this though, trying to flex your big brains. Most people here understand Scrubs point.
Sometimes people just want to talk in dollars. Yes the dollar amount is not a clear picture, however it is a value you can feel more easily or relate to quicker. Those of us not worth 8 digits, can relate to the suckage of being down $30,000, $50,000 or $100,000. Starting a thread saying I am down 3%, 5%, or 10% does not really have the same impact for a casual conversation.

I think a lot of people got the gist of this thread, and it was more of venting/fun than in search of an educational lesson. It turned into more educational, however that was unrelated to the dollar vs. percentage.

Scrub was being a arse, I called him out. Scrub has a history of being an arse across many boards here. That is not to say his points are not accurate or valid, he was just being an unwanted arse here. Don't be like Scrub.

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Right now I think my Roth is only like 50k (don’t worry I have non Roth).

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Keep in mind there are income requirements for a roth based on your modified gross adjusted income. For single filers, anything over $150k means you can only make a partial contribution, until you lose eligibility over $165k.

It's $236k filing jointly, then partial up to $246k and no eligibility over that amount.

Those are rookie numbers

Short term pain for long term gain