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Message
Question for the financial guys re Roth IRA
Posted on 8/20/20 at 8:50 pm
Posted on 8/20/20 at 8:50 pm
I have a question about Roth IRAs. I’ve been contributing to my ira for about 6 years now, and bc I’m so far away from retirement (mid 30s), I never look at my statements. Well on a whim today bc I’ve heard about how great the market has recovered from Covid, i decided to Log in and see what my account looked like. I was kinda surprised that I was down 347 dollars ytd. So I got to exploring around my account and wanted to see what it’s done over the life of my account. After looking forever to see if I can find a ytd or 3 yr or 5 yr outlook I couldn’t so I started looking back at old statements. I realized that over the last 3 years I’ve lost over 900 dollars. I don’t know much about all this except i feel like I could have just put that money in my savings and made more on the shitty Intrest it draws. Does this seem reasonable? With the growth in the market I would have thought for sure that I would have made money overall. Should I ask my advisor what’s up, or let it ride?
This post was edited on 8/20/20 at 8:51 pm
12
Posted on 8/20/20 at 9:02 pm to gsvar2004
Something is very wrong.
What is the money in? For example, Vanguard automatically puts contributions in a money market paying like 1% annual. (est). If you want it to grow, you then need to trasnfer/buy /transact into something more "growy" like VTSAX or VTBLX. Many other mutual funds you can purchase and Fidelty has some good ones.
What is the money in? For example, Vanguard automatically puts contributions in a money market paying like 1% annual. (est). If you want it to grow, you then need to trasnfer/buy /transact into something more "growy" like VTSAX or VTBLX. Many other mutual funds you can purchase and Fidelty has some good ones.
Posted on 8/20/20 at 9:05 pm to gsvar2004
Should I ask my advisor what’s up, or let it ride?
---------------
You should ask your EX-advisor WTF happened.
---------------
You should ask your EX-advisor WTF happened.
Posted on 8/20/20 at 9:06 pm to gsvar2004
quote:
I could have just put that money in my savings and made more on the shitty Intrest it draws.
correct
quote:
Does this seem reasonable?
No. I'm obviously wrong, but it seems like the shittiest fund in the world couldn't have lost money in the last three years. What are you invested in?
Posted on 8/20/20 at 9:08 pm to ItzMe1972
For gods sake dont let it ride! You've lost like 12% annual gains plus the compounding over the years. If you maxed out the IRA thats 5 years at 5500 and 1 year at 6k, thats a 33,500 principal that should be up to about 39k if it had been in VTSAX.
Posted on 8/20/20 at 9:08 pm to lsewwww
Looks like my most shares are in govt, spab, spyv, iau, and some others that say Ishares.
Posted on 8/20/20 at 9:14 pm to ItzMe1972
I do have 3 shares of QQQ
Posted on 8/20/20 at 9:16 pm to gsvar2004
who is your advisor? please do not tell me EJ.
Posted on 8/20/20 at 9:20 pm to Fat Bastard
Nm
This post was edited on 8/21/20 at 6:02 pm
Posted on 8/20/20 at 9:21 pm to gsvar2004
Looking at those funds. spyv is not looking so good, but your fees must be astronomical
Posted on 8/20/20 at 9:50 pm to gsvar2004
I feel bad for you man. Some one is screwing you bigly.
Posted on 8/20/20 at 10:25 pm to gsvar2004
You gotta call and see what's up. You should definitely be doing better than that.
Posted on 8/20/20 at 10:49 pm to gsvar2004
What should someone expect on an IRA or 401k YTD balance, not including this years contributions?
Posted on 8/20/20 at 10:49 pm to gsvar2004
Why are you in so many value funds and bonds??
Can you FA and put it all in vtsax
Can you FA and put it all in vtsax
Posted on 8/21/20 at 4:21 am to JohnnyKilroy
I have no idea man. I’m going to look more into it today. I’m kinda pissed at this point that i feel I missed out on all the good growth the market has seen. I coulda used that money to buy all apple or something and been better off.
Posted on 8/21/20 at 6:31 am to gsvar2004
I'm 95% VTSAX & 5% Vanguard Admiral Bonds in my 401k.
YTD: 7.82%
3mos: 13.81%
12mos: 18.83%
To say you've lost out big time and are getting screwed is an understatement. Why do you have an advisor? Educating yourself and investing for yourself is the easiest thing on earth. Especially if you want to do simple indexing for the next 30 years. Are you managing millions yet? If not, you should be handilinf your Roth and 401k investments.
YTD: 7.82%
3mos: 13.81%
12mos: 18.83%
To say you've lost out big time and are getting screwed is an understatement. Why do you have an advisor? Educating yourself and investing for yourself is the easiest thing on earth. Especially if you want to do simple indexing for the next 30 years. Are you managing millions yet? If not, you should be handilinf your Roth and 401k investments.
Posted on 8/21/20 at 9:32 am to TheWiz
In my IRAs I'm 80% VTSAX and 20% VUG
Across all accounts I'm probably 60% VTSAX, 38% various growth etfs and 2% bonds. I'm in my early 30s
Across all accounts I'm probably 60% VTSAX, 38% various growth etfs and 2% bonds. I'm in my early 30s
Posted on 8/21/20 at 1:41 pm to gsvar2004
quote:
I never look at my statements.
Well there's your problem.
Bet you change this behavior.
quote:
I realized that over the last 3 years I’ve lost over 900 dollars.
What?! You think your advisor doesn't need to eat?
In all seriousness and obviousness, yes ask your advisor what his annual food budget is, and if he only takes from you. Move. Now.
Posted on 8/21/20 at 2:46 pm to gsvar2004
You don't need an advisor.
If you become very wealthy someday you might need a tax advisor but it is very unlikely an investment advisor's fees will pay for themselves. You can probably see proof of that when you finally do your due diligence and see how much money this one stole from your retirement.
For similar reasons managed funds do not out earn index funds. And index funds rather than stocks are what you should probably buy
If you become very wealthy someday you might need a tax advisor but it is very unlikely an investment advisor's fees will pay for themselves. You can probably see proof of that when you finally do your due diligence and see how much money this one stole from your retirement.
For similar reasons managed funds do not out earn index funds. And index funds rather than stocks are what you should probably buy
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