- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
I'm down 37% in one of my IRAs since Nov'21
Posted on 5/11/22 at 6:36 pm
Posted on 5/11/22 at 6:36 pm
Granted I was pretty aggressive in my asset allocation, but damn...it's a good thing I don't need this for a couple of decades. Down to $447K today after losing another $28K.
This post was edited on 5/11/22 at 6:46 pm
14
Posted on 5/11/22 at 6:38 pm to rickgrimes
Not so subtle brag dickhead
Posted on 5/11/22 at 6:45 pm to rickgrimes
quote:
I'm down 37% in one of my IRAs since Nov'21
Welcome to the democrats America.
I was hoping to retire in 2 years, but I think that is gone at this point.
This post was edited on 5/11/22 at 6:47 pm
Posted on 5/11/22 at 6:46 pm to rickgrimes
Nov 2021 was about the time the slide began.
Posted on 5/11/22 at 6:50 pm to rickgrimes
I reset my basis during the COVID plunge, but with that and later investments, I didn't have any real appreciable losses for tax purposes. Surprised me a bit.
This post was edited on 5/11/22 at 6:52 pm
Posted on 5/11/22 at 6:54 pm to kywildcatfanone
quote:
I was hoping to retire in 2 years, but I think that is gone at this point
That's unfortunate, but that's also an allocation issue in some respects. You may want to discuss that with someone going forward. Make sure you're in appropriate risk investments.
This post was edited on 5/11/22 at 6:55 pm
Posted on 5/11/22 at 7:32 pm to rickgrimes
I'm down 500k since the first of the year.
Posted on 5/11/22 at 7:45 pm to jfw3535
I am down 10% with only 50% invested right now
Posted on 5/11/22 at 8:13 pm to rickgrimes
If you have 20 years until retirement, I wouldn’t worry much about the drop. You have enough time to more than make up for the drop.
Posted on 5/11/22 at 8:45 pm to kywildcatfanone
quote:
Welcome to the democrats America. I was hoping to retire in 2 years, but I think that is gone at this point.
With all due respect, if a 20% pullback is the difference between you being able to retire or not in 2 years, your plan has a lot of holes.
Posted on 5/11/22 at 8:46 pm to rickgrimes
Looks like my QQQ fund.
I have been taking some profits off the table, but still have a majority in market.
I have been taking some profits off the table, but still have a majority in market.
Posted on 5/11/22 at 8:51 pm to rickgrimes
What happened in October? Are you heavy an individual stock?
Posted on 5/11/22 at 9:04 pm to slackster
quote:
With all due respect, if a 20% pullback is the difference between you being able to retire or not in 2 years, your plan has a lot of holes.
I have been retired 11 years , down about 22% since November, I was prepared for this, and will remain retired.
Posted on 5/11/22 at 10:36 pm to rickgrimes
All my retirement accounts totaled are down about 60% since October ish. I know I went super aggressive though because I am in my mid 30s.
Seeing what the government was doing to the dollar I had little hope for it long term so I figured I would either have a shot at retiring earlier or it all is going to be shite at this point by time I need it. Figure I’d eventually need ultra growth because the hyper inflation was unavoidable.
But this is why I keep cash savings accounts also for emergencies so I never have to sell stocks to pay for emergency repairs and bills and crap.
Seeing what the government was doing to the dollar I had little hope for it long term so I figured I would either have a shot at retiring earlier or it all is going to be shite at this point by time I need it. Figure I’d eventually need ultra growth because the hyper inflation was unavoidable.
But this is why I keep cash savings accounts also for emergencies so I never have to sell stocks to pay for emergency repairs and bills and crap.
Posted on 5/11/22 at 11:48 pm to bayoubengals88
quote:
What happened in October? Are you heavy an individual stock?
These are my top 20 holdings. If I had to guess, probably Tesla or Nvidia or Apple went on a bit of a bull run in October.
Posted on 5/12/22 at 5:14 am to EA6B
quote:
have been retired 11 years , down about 22% since November, I was prepared for this, and will remain retired.
As you well know, you’re going to see multiple significant pullbacks over a retirement life cycle. You have to be able to withstand them with room for error, or you shouldn’t retire yet. Seems obvious, but it’s not as simple as saying “7% growth on $1,000,000 and I can quit, but 7% on $800,000 and I cannot.”
Posted on 5/12/22 at 6:12 am to rickgrimes
quote:
Down to $447K today after losing another $28K.
Hey congrats.
But screw you at the same time.
Posted on 5/12/22 at 6:17 am to rickgrimes
Keep on holding it. It’s sure to come back up.
**sarcasm**
**sarcasm**
Posted on 5/12/22 at 7:09 am to rickgrimes
Man that is one tech heavy portfolio. Guessing most people's look like that. Probably more pain to come in the short term IMO. Hopefully you are still averaging in.
Posted on 5/12/22 at 3:28 pm to Teddy Ruxpin
quote:
That's unfortunate, but that's also an allocation issue in some respects. You may want to discuss that with someone going forward. Make sure you're in appropriate risk investments.
I was being mildly tongue in cheek, but I'm down like everyone else. I could retire now if I really wanted to, but hoping beyond hope that the midterms see a change in power in congress. Hopefully most Americans do.
Page 1 of 2
Back to top
Follow TigerDroppings for LSU Football News