S&P 500 has fallen all the way back to where it was on 10/4/21

Let’s hit 1k!!

Oh I’m not personally worried at all, just trying to provide some perspective that our active day traders around here seem to forget.

My company picked the right time to switch our retirement plan from a Simple IRA to 401k. We all had to take our money out 2 weeks ago to put into the new account. Thankfully we haven't received all the funds yet to put in the new account, so we have missed out on this drop.

Bump.

We’re all the way back to where we were on 10/5.

S&P isn’t representative of all stocks slack. Tons of stocks are down 50% from their 2021 highs. NASDAQ has been hammered. Most of this board was heavy in NASDAQ stocks especially stocks that profited during Covid, those same stocks are now back down to where they were before Covid. People who only invested in index funds are fine of course, but people invested in actual stocks are getting hammered.

And we’ve likely not seen the worst to come - either we’ll see a continuation of this downturn, or we’ll see stagnation for years to come. People aren’t reflecting on the current balance sheet as much as the projection of the future balance sheets

I think S&P will revisit 3,500-3,700 before this bottom is put in.

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But we're both young and have plenty of time. I don't look at my accounts but once a week or so.

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Yo, hope everything else is well outside your investments!

I look a lot but I stay put. I'm smart enough to know I'm too dumb to have a better plan.

And young, I don't know about that. Lost some hair over the years but everything else seems to still be working.

Possibility 1: It does well over the next 20 to 25 years.

Possibility 2: I'm screwed anyway.

Just have to avoid getting too upset on days where I see a lot of red.

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people invested in actual stocks are getting hammered.

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Not everything is getting hammered, though. It's just tougher for stock pickers now.

Value investing isn't as sexy as growth, but it is where you want your cash in this environment. I especially like small and mid cap value to outperform this year.