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re: I’m officially back where I started when Biden took office
Posted on 6/14/23 at 10:23 am to SlidellCajun
Posted on 6/14/23 at 10:23 am to SlidellCajun
Yeah it impacts people differently. The well off who own lots of equities and real estate weather it just fine. Ordinary people are getting crushed though.
1
Posted on 6/14/23 at 10:55 am to SloaneRanger
quote:The dollar is not down 25% since Jan 2021. Full stop.
Yeah it impacts people differently. The well off who own lots of equities and real estate weather it just fine. Ordinary people are getting crushed though.
I think it's amusing that some people are obviously pissed that the markets haven't tanked since Biden took office.
Posted on 6/14/23 at 11:04 am to Big Scrub TX
Dude, what world are you living in? Gas prices are up more than 25%. And they’re not up even more only because the SPR is being drained. Interest rates to finance a home purchase are up well over 25%. The totality of grocery prices are almost certainly up more than 25%.
My original point was this: If you think you are even compared to the start of 2021, you’re not.
My original point was this: If you think you are even compared to the start of 2021, you’re not.
This post was edited on 6/14/23 at 11:14 am
Posted on 6/14/23 at 2:18 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
You only deposited $20K in 2 1/2 years?
Posted on 6/14/23 at 3:07 pm to TDsngumbo
We must have very similar holdings.
I'm in all index funds by the way.
I'm in all index funds by the way.
This post was edited on 6/14/23 at 3:17 pm
Posted on 6/14/23 at 3:47 pm to Y.A. Tittle
What year and month do you think Biden took office?
This post was edited on 6/14/23 at 3:48 pm
Posted on 6/14/23 at 3:51 pm to TDsngumbo
I'm still down quite a bit. My 401k is -1.6% YTD from January 1st and over -8% since Covid.
Posted on 6/14/23 at 3:55 pm to Pauvetibete
quote:
I'm still down quite a bit. My 401k is -1.6% YTD from January 1st and over -8% since Covid.
Holy shite. What on earth are you invested in?
Posted on 6/14/23 at 5:24 pm to SloaneRanger
quote:And account for 3% or less of your consumption.
Gas prices are up more than 25%.
quote:That's a separate claim than the "value of the dollar". The dollar is UP over that same time frame. I get it, though - you like your artificially low interest rates due to government intervention.
Interest rates to finance a home purchase are up well over 25%.
quote:Some things, yes. Some things, not.
The totality of grocery prices are almost certainly up more than 25%.
Wages, comp and assets are up as well.
quote:I'm not. I'm way higher since I'm not an idiot making crazy claims.
If you think you are even compared to the start of 2021, you’re not.
Posted on 6/14/23 at 5:25 pm to Y.A. Tittle
quote:How is this possible? Even the NASDAQ is back to where it was on inauguration day.
We must have very similar holdings.
I'm in all index funds by the way.
Posted on 6/14/23 at 5:32 pm to Pauvetibete
quote:
I'm still down quite a bit. My 401k is -1.6% YTD from January 1st and over -8% since Covid
Wtf? Get some advice and if you already did, fire them
Posted on 6/14/23 at 5:44 pm to Big Scrub TX
quote:
What'd you do to screw it up so badly?
I was thinking the exact same thing. I’m guessing this is just another poli board escapee trying to convince the world the economy is in shambles.
Posted on 6/14/23 at 6:01 pm to Motownsix
quote:Yeah. Maybe at least took his own advice that everything would crumble, sold, and suffered the consequences. That's better than the ones that held, are up, but somehow seem pissed off about it.
I was thinking the exact same thing. I’m guessing this is just another poli board escapee trying to convince the world the economy is in shambles.
Posted on 6/14/23 at 6:16 pm to TDsngumbo
Then you are doing it wrong. I have been positive for a while. Not blowing the doors down, but not negative.
Posted on 6/14/23 at 10:37 pm to KWL85
I’m up 58% in 2023 so far in my self directed IRA. 201% all time
Posted on 6/15/23 at 9:22 am to JohnnyKilroy
VSMAX. Was my best choice 3 years ago. Still the lowest Gross Expense Ratio % and Net Asset Fee out of all of our options, and the 10 Yr return was like 11%. It's down to 7.8% now.
I usually review my 401k once a year for any adjustments since I still have 30 yrs until retirement, but this is depressing.
I usually review my 401k once a year for any adjustments since I still have 30 yrs until retirement, but this is depressing.
Posted on 6/15/23 at 9:52 am to Pauvetibete
quote:
VSMAX. Was my best choice 3 years ago. Still the lowest Gross Expense Ratio % and Net Asset Fee out of all of our options, and the 10 Yr return was like 11%. It's down to 7.8% now. I usually review my 401k once a year for any adjustments since I still have 30 yrs until retirement, but this is depressing.
You put your entire retirement portfolio in a single small cap fund?
Jesus
Posted on 6/15/23 at 10:12 am to Pauvetibete
quote:
Still the lowest Gross Expense Ratio % and Net Asset Fee out of all of our options, and the 10 Yr return was like 11%. It's down to 7.8% now.
Choosing 401k options based on 10 year returns and lowest costs is not necessarily the best screening process. You should know what they actually own.
Posted on 6/15/23 at 10:53 am to JohnnyKilroy
Yes, I haven't transferred funds over from a previous employer which has most of my 401k in it. This was a new employer who had stopped contributions during covid and didn't reinstate until last year. It's not 100k+ I'm playing with, only around 10k. I went small cap for the aggressiveness. I will say that most of the other options aren't doing much better.
Top other options, NWHTX, which is at 12% growth 1 year, being held up entirely by NVIDIA, or VWUAX which is also held up by NVIDIA.
Other options are Various Vanguard Retirement Dates that are all down YTD -1 to -2%.
Nationwide retirement. Not exactly pleased with options but only in it for the employee match.
Top other options, NWHTX, which is at 12% growth 1 year, being held up entirely by NVIDIA, or VWUAX which is also held up by NVIDIA.
Other options are Various Vanguard Retirement Dates that are all down YTD -1 to -2%.
Nationwide retirement. Not exactly pleased with options but only in it for the employee match.
Posted on 6/15/23 at 11:02 am to TDsngumbo
Edit: redoing math because I fricked up the dates…
This post was edited on 6/15/23 at 11:06 am
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