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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 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 
18
Posted on 6/13/23 at 6:16 pm to TDsngumbo
You should consider just buying S&P index..
Posted on 6/13/23 at 6:17 pm to TDsngumbo
quote:What'd you do to screw it up so badly?
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
Posted on 6/13/23 at 6:18 pm to TDsngumbo
I just don't look anymore. I'll be up 10k, down 5k, down 15k, then back up 25k. Nothing makes sense anymore.
Posted on 6/13/23 at 6:28 pm to TDsngumbo
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 on 6/13/23 at 7:01 pm to Dawgfanman
Yeah, I've been beasting.
Posted on 6/13/23 at 7:23 pm to TDsngumbo
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 on 6/13/23 at 7:36 pm to TDsngumbo
LGB FJB
Posted on 6/13/23 at 7:43 pm to AUCE05
Just imagine how well people are doing that took out 410k loans to buy a house in 2021-2022.
They’re more than likely buying back at a much lower price and gaining interest on that amount of their payment since they are putting it back into the fund.
They’re more than likely holding a 3.0% or so mortgage interest rate too on a 30 year fixed.
They’re more than likely buying back at a much lower price and gaining interest on that amount of their payment since they are putting it back into the fund.
They’re more than likely holding a 3.0% or so mortgage interest rate too on a 30 year fixed.
Posted on 6/13/23 at 8:16 pm to TDsngumbo
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 on 6/13/23 at 8:20 pm to SloaneRanger
All my accounts are up
Posted on 6/13/23 at 8:24 pm to tigerbacon
As measured in dollars, right? Now tell us how far a dollar goes compared to 2020.
Posted on 6/13/23 at 8:55 pm to SloaneRanger
quote:I don't think inflation has carved 25% off of 2021 dollars.
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 on 6/13/23 at 8:58 pm to Big Scrub TX
Uh, do you buy groceries? Gas for the car? Eat out in restaurants? Pay rent? How does it look trying to buy a house in 2023 compared to before?
Posted on 6/13/23 at 8:59 pm to Big Scrub TX
quote:
I don't think inflation has carved 25% off of 2021 dollars
It depends on what you are buying.
And if it hasn't yet for something, give it a minute.
Posted on 6/13/23 at 9:23 pm to SloaneRanger
quote:My overall expenses are definitely not 33% higher than they were in Jan 2021. And the USD itself is a good bit stronger against other currencies over the same time period.
Uh, do you buy groceries? Gas for the car? Eat out in restaurants? Pay rent? How does it look trying to buy a house in 2023 compared to before?
quote:I could ask YOU how it looks to own one. Wages and a lot of assets are UP over the same time period.
How does it look trying to buy a house in 2023 compared to before?
Posted on 6/13/23 at 9:43 pm to TDsngumbo
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 on 6/14/23 at 7:18 am to SloaneRanger
quote:
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.
Uh
No
And even if true, Inflation impacts people differently.
anyone impacted is just buying less of something or a cheaper version which is much easier today than ever
Posted on 6/14/23 at 7:32 am to TDsngumbo
What are you invested in?
Posted on 6/14/23 at 7:38 am to SloaneRanger
True but it’s nice to own a house you purchased before 2020.
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