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re: What is your % loss on your 401k for 2022?
Posted on 9/13/22 at 9:50 am to frequent flyer
Posted on 9/13/22 at 9:50 am to frequent flyer
IRA - down 7.2% YTD 2022.
1
Posted on 9/13/22 at 9:51 am to frequent flyer
I’m down 13.56% over the last year and 13.29% YTD. Who could’ve ever predicted that pumping countless dollars into the economy artificially would create massive inflation FJB
Posted on 9/13/22 at 9:53 am to Warfox
quote:
None. I saw this coming and moved my 403b into inflation protected bond funds months ago.
Interesting I have have a prety broad Schwab fund of the same kind and it's down over 10%.
I call BS.
Posted on 9/13/22 at 9:59 am to BurningHeart
Timing the market is a fools errand. Not buying into funds during downturns is even more retarded. Not taking advantage of company match on a 401k is stupider than buying a 3 legged dog 2 pairs of cat shoes.
Posted on 9/13/22 at 10:04 am to Abstract Queso Dip
quote:
Timing the market is a fools errand. Not buying into funds during downturns is even more retarded. Not taking advantage of company match on a 401k is stupider than buying a 3 legged dog 2 pairs of cat shoes.
Basically we are in buy mode. But I'm still pissed that our retirement savings evaporated by nearly 1/5th while inflation is eating it up on the other end.
Posted on 9/13/22 at 10:07 am to Abstract Queso Dip
quote:
Not buying into funds during downturns is even more retarded.
Too be fair most people in this country dont have any cash to buy into anything even if they wanted to
Because we are turning into a failed state on the back of progressive nonsense
Posted on 9/13/22 at 10:09 am to Caraway Rye
Only down another 2.5% today. 
Posted on 9/13/22 at 10:09 am to Harlan County USA
quote:
IRA - down 7.2% YTD 2022.
That's not bad.
Posted on 9/13/22 at 10:12 am to frequent flyer
down 11.25 % since January
Posted on 9/13/22 at 10:16 am to frequent flyer
I'm down a good piece like most folks, but will credit my advisor for keeping the ship afloat.
He was in financials when Covid hit, moved into energy when oil blew up at the beginning of the war, and has since been hitting natural gas, which had a really nice run.
Obviously this is all part of a broader money market equity/debt strategy but those sectors have provided the best returns.
That said, I'm an idiot, so under no circumstances should anyone anywhere rely on my currently negative approach in their own affairs lol.
He was in financials when Covid hit, moved into energy when oil blew up at the beginning of the war, and has since been hitting natural gas, which had a really nice run.
Obviously this is all part of a broader money market equity/debt strategy but those sectors have provided the best returns.
That said, I'm an idiot, so under no circumstances should anyone anywhere rely on my currently negative approach in their own affairs lol.
Posted on 9/13/22 at 10:22 am to frequent flyer
+0.36%
Moved 100% to money market Sept 2021.
Moved 100% to money market Sept 2021.
Posted on 9/13/22 at 10:25 am to frequent flyer
-20.64% 
Posted on 9/13/22 at 10:29 am to Abstract Queso Dip
quote:
Timing the market is a fools errand. Not buying into funds during downturns is even more retarded. Not taking advantage of company match on a 401k is stupider than buying a 3 legged dog 2 pairs of cat shoes.
Your post said it was buying season. That is much different than not taking advantage of a 401k match.
And yes there are times when it is wise to time the market. You wouldnt buy tech in 2000, banks in 2007, nor put your money into a market that is teetering on a recession with already low interest rates and high inflation.
Posted on 9/13/22 at 10:39 am to TitleistProV1X
quote:
Who could’ve ever predicted that pumping countless dollars into the economy artificially would create massive inflation
The problem with "democracy" is the average citizen doesn't understand so we will keep on doing this "stop gap" spending which just creates more issues.
The Inflation Reduction Act will just kick the can down the road for voters/politicians to deal with.
Posted on 9/13/22 at 10:42 am to member12
quote:yep. not to mention the government taxing the shite out of it.
our retirement savings evaporated by nearly 1/5th while inflation is eating it up on the other end.
it’s feeling more and more like a waste of time every day
Posted on 9/13/22 at 10:49 am to RogerTheShrubber
I'm not too worried about a big market decline yet since I have about 17 years until I plan on retiring but we'll probably have President AOC or something by that time and things might be worse 
Posted on 9/13/22 at 10:52 am to fallguy_1978
quote:
I'm not too worried about a big market decline yet since I have about 17 years until I plan on retiring
I'm not sure we even need to worry about it. I know at some point those accounts will become appetizing to the Federal Government. They'll probably use it to beef up S.S. or pensions.
Posted on 9/13/22 at 10:52 am to frequent flyer
quote:I got lucky in that I just started a new job, so very little in that 401k.
What is your % loss on your 401k for 2022?
But I took all of my retirement from my previous job, and my best friend is a Financial Advisor, so I can actually have someone actively working the account as opposed to being in a passive account hemorrhaging money.
So I'm up for the year, not by much though. But again, that was more of a function of luck since all my retirement money was lucky pulled from my normal 401k due to the new job.
I'm almost to the point where the employee match is not really even worth the employee 401k as long run, I don't think it will have a return as successful as investing with my best friend/financial advisor, but not ready to pull the trigger on that and lose that free money just yet. Even he says I shouldn't do that, but the returns are arguably better even without it using him.
Posted on 9/13/22 at 10:56 am to shel311
quote:
I'm almost to the point where the employee match is not really even worth the employee 401k as long run, I don't think it will have a return as successful as investing with my best friend/financial advisor, but not ready to pull the trigger on that and lose that free money just yet. Even he says I shouldn't do that, but the returns are arguably better even without it using him.
If your employer matches 100% of your deposits or even 50% you aren't going to beat that consistently anywhere. You start out with 50-100% gains. Now I understand not putting more than the match.
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