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re: What is your % loss on your 401k for 2022?

Posted on 9/13/22 at 11:00 am to
Posted by Abstract Queso Dip
Member since Mar 2021
5878 posts
Posted on 9/13/22 at 11:00 am to
That stupid. It's free money. Check and see if your 401k has a self-direct subaccount option. Basically it opens a window for you to buy whatever you want within the subaccount that is part of your 401k.

Your welcome for the free advice btw and your best friend that is an FA is a fricking retard. Find a new unbiased advisor.
Posted by goofball
Member since Mar 2015
17337 posts
Posted on 9/13/22 at 11:08 am to
Yeah if you aren’t putting in at least what gets the match from your employer, you are leaving free money on the table.
Posted by goofball
Member since Mar 2015
17337 posts
Posted on 9/13/22 at 11:14 am to
quote:

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.



If you can afford it, try to put in the max.

IMO the max is too damn low.
Posted by Swagga
504
Member since Dec 2009
18739 posts
Posted on 9/13/22 at 11:17 am to
I’m down 13%. I just keep pumping money into it.
Posted by theronswanson
House built with my hands
Member since Feb 2012
3198 posts
Posted on 9/13/22 at 11:28 am to
Unless you plan on retiring in the next five years there is no point to checking your 401k balance.
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 9/13/22 at 11:30 am to
quote:

I reallocated my 401K to nearly all of my company stock.


You are hereby assigned reading of risk allocation over time.

See Enron for the extreme example.

Good luck taking on huge risk to mitigate risk.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
72793 posts
Posted on 9/13/22 at 11:35 am to
Down 8.1% since 1/1/22 on my total investment in 401(k) accounts.

Thought it would have been worse.

My broker doing good work.
Posted by choppadocta
Louisiana
Member since May 2014
2407 posts
Posted on 9/13/22 at 11:43 am to
-17% since Jan.2022
Posted by aduke05
Ohio
Member since Aug 2022
314 posts
Posted on 9/13/22 at 12:17 pm to
-0.6%.
Posted by This Far
Chicago
Member since Jul 2016
77 posts
Posted on 9/13/22 at 12:40 pm to
-13%
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
71023 posts
Posted on 9/13/22 at 12:46 pm to
12.99% down so far
Posted by FCP
Delta State Univ. - Fightin' Okra
Member since Sep 2010
5098 posts
Posted on 9/13/22 at 12:54 pm to
-14.02% YTD
-16.40% YOY

FJB
Posted by TheDeathValley
Louisiana
Member since Sep 2010
20089 posts
Posted on 9/13/22 at 12:57 pm to
Rolling 12 - 14.69%
YTD - 15.23%
Posted by DVinBR
Member since Jan 2013
15262 posts
Posted on 9/13/22 at 1:01 pm to
don't care because im still 30+ years from retirement, short term down trends are only opportunities for me
Posted by member12
Bob's Country Bunker
Member since May 2008
33042 posts
Posted on 9/13/22 at 1:05 pm to
My net purchases over the course of the year is less than my the total loss for the year. And I've actually amped up my contributions since Feb 22.

That's how bad this year has been.

This post was edited on 9/13/22 at 1:06 pm
Posted by Sterling Archer
Member since Aug 2012
8234 posts
Posted on 9/13/22 at 1:07 pm to
Down 12%
Posted by One72
Member since Jul 2022
1229 posts
Posted on 9/13/22 at 1:07 pm to
-15.89%

Posted by GusMcRae
Deep in the heart of the Big Sleazy
Member since Oct 2008
3712 posts
Posted on 9/13/22 at 1:13 pm to
0.0% I went to cash position in my main account at the beginning of the pandemic.

I’ve missed some up, avoided more loss.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57897 posts
Posted on 9/13/22 at 1:16 pm to
I'm up 25% from this time last year, for 2022 I'm still up 17%. Over the last couple of months I began moving out of other stocks to go heavy into energy (oil, gas, uranium and an energy transportation company). That's kept my head above water.

I've kept some in cash and been hoarding profits. The market is going to tank over the next couple of months (back in May I made a bet with my step-father of the Dow being at 24k by the end of the year), I plan on snatching up fricktons of deals then.
Posted by Scooba
Member since Jun 2013
20005 posts
Posted on 9/13/22 at 2:06 pm to
I'm reminding my self of the employer match.

Still making money...
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