Dow Jones 30 Index closes at a new 2023 high

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All of the boomers at work told me they can’t retire because their 401k was so far down

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It's possible their 401(k) is down from its all-time high but probably not by as much as the "boomers" are complaining about. And if those complainers have continued to make regular contributions to their 401(k)s the last couple of years, their portfolio balance is likely higher now than it's ever been.

The DJ30 Index all-time closing high was on January 4, 2022 when it reached 36,799.65, which is 2.36% higher than today's closing high.

The S&P500 Index all-time closing high was on January 3, 2022 when it closed at 4,796.56 which is 5.01% higher than today's closing.

Add in the regular contributions they've continued to make since January, 2022 and they should have record high balances in their accounts unless they chose only all long-term bonds as their investment option., in which case they be fu*ked...

Could you share your story with us, please.

For example, did you sell last year after the stock market tanked and then didn't buy back yet?

Or did you choose an unfortunate investment option in your 401k?

great job Biden

Who uses Dow Jones anyway? It's a stupid index. Dont get why it's still always quoted before S&P500.

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this board the bears were predicting we would all be in the streets eating bread crumbs in 2023.

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Bard is not going to like this post. LOL

I like using the Dow Jones 30 because it gives a different perspective on the stock market because unlike the NASDAQ and the S&P500 Index it is not market cap weighted.

So the DJ30 isn’t heavily dominated by 5 or 6 mega market cap companies such as Apple, Google, Microsoft, Tesla, Amazon and Netflix.

It contains 30 diversified industrial companies each with the same weight within the index. So, a $1 move in Caterpillar moves the index by the same amount as a $1 change in Microsoft.

But if referring to the DowJones30 upsets you please feel free to start all the threads you’d like to start and only reference the S&P500 Index. I look forward to reading your threads.

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Bard is not going to like this post. LOL

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You left out: HUSSS, Bama and a few others.

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I'm down 12% from January 2022.

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TQQQ will do that to you.

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It contains 30 diversified industrial companies each with the same weight within the index. So, a $1 move in Caterpillar moves the index by the same amount as a $1 change in Microsoft.

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I’m fine with using the DJIA, among other indexes, but price weighted indexing makes essentially zero sense.

United Health Group is over 10% of the Dow. The top 10 stocks are something like 55% of the Dow.

I have no problem celebrating the DJIA, but it’s a highly flawed index. Being the oldest “broad” index doesn’t make it the best.