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Posted on 8/5/24 at 2:38 pm to WildcatMike
quote:
Should we be worried that the stock market is tanking today?
quote:
Welp, 401k fricked.
Are you retiring in the next year or so? If not, leave it alone and you’ll be fine.
Posted on 8/5/24 at 2:41 pm to WildcatMike
Just last week, my wife was talking about how her portfolio was looking strong and it may be time to increase contributions.
Posted on 8/5/24 at 2:45 pm to WildcatMike
My 401k is up 4% on the day 
Posted on 8/5/24 at 2:45 pm to LSU Grad Alabama Fan
quote:
Not if you invested in gold.
Depends on when you invested in the gold. If you bought in 2012, you were singing a different tune just 10 short years ago. Your chart conveniently left off that crash.
Posted on 8/5/24 at 2:46 pm to WildcatMike
No. It's back down to, gasp, July 23rd numbers.
Posted on 8/5/24 at 2:47 pm to WildcatMike
I invest in 68-71 B and E body mopars instead of the market. Much less volatility.
Posted on 8/5/24 at 2:48 pm to Galactic Inquisitor
quote:
increase contributions.
Damn, yall saw into the future!
Good call, I agree haha.
Posted on 8/5/24 at 2:58 pm to WildcatMike
Hold your water and wait. It will come back up.
Posted on 8/5/24 at 2:58 pm to WildcatMike
I sold everything. Don’t want to look back on this day in 30 years when I retire and think to myself I almost lost it all that day.
Posted on 8/5/24 at 3:02 pm to LSU Grad Alabama Fan
quote:
Not if you invested in gold.
An 89% gain over 10 years is complete dogshit lmao. I’d cry myself to sleep if I was invested in gold.
Posted on 8/5/24 at 3:09 pm to WildcatMike
Posted on 8/5/24 at 3:09 pm to WildcatMike
Who’s looking at their 401 k? You retiring soon? No one was saying look how good my 401k has been the last few months. I love days like the last few.
Posted on 8/5/24 at 3:11 pm to JohnnyKilroy
Correct --- this is another OT doomsday prediction by the far-right. who cares?
This post was edited on 8/5/24 at 3:12 pm
Posted on 8/5/24 at 3:11 pm to jizzle6609
quote:
Look at it as a buying opportunity.
This.
It’s just a whole bunch of reactionary “traders” panicking. Do the opposite and you’re fine long term.
Posted on 8/5/24 at 3:22 pm to WildcatMike
As a friend of mine who did well in the market tells people: "If you can't take the heat, get out.". And I bet he's buying soon.
This post was edited on 8/5/24 at 3:26 pm
Posted on 8/5/24 at 3:48 pm to WildcatMike
It'll grow back. Don't panic sell. If ya liked the stock at $100 you should LOVE it at $50. Assuming you made investments based upon underlying financial health of the companies.
Its clearance sale time. Question is, how long does the drop last.
Its clearance sale time. Question is, how long does the drop last.
Posted on 8/5/24 at 3:51 pm to Paul Allen
quote:
Should not worry if you’re in your 40’s and maybe even early 50’s. I would be more concerned about this if I was less than 5 years from retirement or in my early to mid 60’s
I’m less than a year from retirement and I’m not worried.
Posted on 8/5/24 at 3:53 pm to TheHarahanian
I retired last week. I'm not worried. I've got money put aside to take advantage of discounted markets, but I only trade at the end of quarters so I'll wait and see how it settles.
Posted on 8/5/24 at 4:05 pm to Paul Allen
quote:
Should not worry if you’re in your 40’s and maybe even early 50’s. I would be more concerned about this if I was less than 5 years from retirement or in my early to mid 60’s.
If you think you’re going to need your money in the next 5-10 years, your portfolio should be way less aggressive.
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