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re: How is your 401k doing?

Posted on 4/5/23 at 8:06 am to
Posted by meansonny
ATL
Member since Sep 2012
26005 posts
Posted on 4/5/23 at 8:06 am to
401k Rate of return is +5.5% ytd.
12 month rate of return is -7.5%.

Balance is equivalent to august 2021 and March 2022.

Stocks ytd are up 4.9%
12 month ror is 2.5%
Posted by PikesPeak
The Penalty Box
Member since Apr 2022
831 posts
Posted on 4/5/23 at 8:50 am to
I'm up. It's been a rollercoaster the last 6mo, but it's maintaining and slightly creeping up
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81703 posts
Posted on 4/5/23 at 8:55 am to
3 year return: +60.07%
1 year return: -4.34%
YTD return: +4.11%
Posted by DJNOS1978
Baton Rouge
Member since Dec 2013
783 posts
Posted on 4/5/23 at 9:47 am to
Yeah that's a good perspective. Many folks are relying on 401K for 100% retirement income. Those times are gone for those under 50.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
23244 posts
Posted on 4/5/23 at 10:04 am to
quote:

Mine has gone to shite under Biden.


Might be too harsh, but all the money board experts with success stories are really not representative of reality.

Most 401Ks under Biden have been just there. Nothing massive either way. My YTD is close to 10%, my 1 year is at -0.16% growth
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16665 posts
Posted on 4/5/23 at 12:01 pm to
Maybe I'm in the minority, but my company doesn't give us many options for funds. You can either do an age based one or create your own mix. The problem with creating a mix is lack of options. I only have 2 large caps, 1 mid cap, and 2 small caps to choose along with crappy bond funds and some international stuff. I create my own mix since the age based ones suck to me.

Ytd: +5.46%
1 yr: -7.62%
Posted by TGFN57
Telluride
Member since Jan 2010
6975 posts
Posted on 4/5/23 at 12:29 pm to
Tell everyone you don't know jack shite about markets and funds without saying you don't know jack shite about it.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
82255 posts
Posted on 4/5/23 at 1:05 pm to
quote:

Tell everyone you don't know jack shite


sounds like you on poliboard with your nonsensical posts and lack of rebuttals. we know why. you know you are wrong and cannot formulate a coherent argument.
Posted by Big Scrub TX
Member since Dec 2013
36973 posts
Posted on 4/5/23 at 1:24 pm to
quote:


What is the average dude who is on a target date plan who's looking at massive streaks of red supposed to say? People's 401k's are getting smoked. The majority of them have no business "tweaking" this stuff. Are they supposed to ignore what their personal return says because the market is "up?"
The "average dude on this board" - who I thought was a college grad - should be able to look at a calendar and do simple math. They sure didn't seem to be complaining about MORE massive streaks of green (after Biden was elected).

Every thread blaming or crediting a particular politician with the markets' performance is dumb.
Posted by meansonny
ATL
Member since Sep 2012
26005 posts
Posted on 4/5/23 at 1:25 pm to
You certainly are different.

More power to you for being different.
Posted by barry
Location, Location, Location
Member since Aug 2006
50902 posts
Posted on 4/5/23 at 1:55 pm to
quote:

How is your 401k doing?


Who cares unless you are retiring in the next several years.
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3744 posts
Posted on 4/5/23 at 2:00 pm to
I've got the same now as I did in November 2020. Biden was sworn in January 20, 2021.

Posted by ThatsAFactJack
East Coast
Member since Sep 2012
1592 posts
Posted on 4/5/23 at 3:12 pm to
YTD 7.81%
1yr 12.72%
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
23244 posts
Posted on 4/5/23 at 3:13 pm to
quote:

I've got the same now as I did in November 2020. Biden was sworn in January 20, 2021.


People trying to praise Biden here are weird. He initially was riding the Wave from post COVID. Since reality has set in.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
23244 posts
Posted on 4/5/23 at 3:17 pm to
quote:

1yr 12.72%


That is impressive based on how the past year has been
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38592 posts
Posted on 4/5/23 at 3:40 pm to
quote:

People trying to praise Biden here are weird. He initially was riding the Wave from post COVID. Since reality has set in.


It’s not really praise of biden. It’s laughing at people who underperformed the market blaming said underperformance on Biden.

The market is UP since biden took office. If your account is DOWN in that time frame, you underperformed.

It’s also a bit weird that when the market was breaking through ATHs on the regular in 2019-2021, many people, perhaps rightly, called it fake and gay. Now that the punchbowl was taken away by the FED, those same people are blaming the president.

I know a baw just like that. On green days he says the market is fake and grossly overpriced. On red days it’s Brandon’s fault.


This post was edited on 4/5/23 at 3:45 pm
Posted by ThatsAFactJack
East Coast
Member since Sep 2012
1592 posts
Posted on 4/5/23 at 3:59 pm to
My 1yr only goes back to 10.18.2022 since that is when the first contribution was made.

VANGUARD TARGET 2050 (18.1% of account) 13.30%
VANG 500 INDEX TRUST (30.7% of account) 11.37%
FID CONTRA POOL CL3 (7.3% of account) 11.77%
FID GR CO POOL CL3 (21.6% of account) 15.74%
VM BLAIR SMID CAP GR (22.3% of account) 11.32%
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
23244 posts
Posted on 4/5/23 at 4:04 pm to
quote:

The market is UP since biden took office. If your account is DOWN in that time frame, you underperformed.


While I would say most of us are up under Biden, you can see in the chart below it would be easy to be under at the same time. The past 52 weeks have not been some joyous trip

If not for Bush 1, Biden would have the worst since Carter.

Posted by barry
Location, Location, Location
Member since Aug 2006
50902 posts
Posted on 4/5/23 at 4:14 pm to
quote:

DarthRebel


People that think presidents can take any credit for the economy are idiots. So many other factors. Biden is a moron, don't get me wrong, but so much other stuff goes into it.
Posted by bayouboo
Member since Jan 2007
2601 posts
Posted on 4/5/23 at 4:29 pm to
10 year = 12.2%

If I can get another 12.2% over the next 10 years I’ll be happy.

DCA until I retire.
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