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Started By
Message
re: Your 401K is getting destroyed
Posted on 6/13/22 at 3:11 pm to Allthatfades
Posted on 6/13/22 at 3:11 pm to Allthatfades
Wrong! Shows what you know. I don't have one!
0
Posted on 6/13/22 at 3:16 pm to TorchtheFlyingTiger
quote:
They are if they want it to last more than 20 or 30 years. Not to mention even cash is getting eaten away by inflation and bond funds are losing value. I retire next month sitting at 95% equities but preparing for 40+ year retirement.
This is correct. You don’t just magically move everything to this so called “safe”spot right before retirement. Without guaranteed pensions You have to stay in the game and generate income via your investments. You may do this “safe spot” investments Strategy in your 70’s but if you are in your late 50’s or early 60’s you have to stay in the game unless you have accumulated a mass of wealth. That is the rough decision for anyone that is in their late 50s or early 60’s. Do you gamble that this impending downturn is short lived and just retire or do stay at the grind you have been doing for 40 years? Tough decision. I know this all too well.
Posted on 6/13/22 at 3:21 pm to Allthatfades
quote:Mine isn't, it's in cash
Your 401K is getting destroyed
Posted on 6/13/22 at 3:24 pm to Allthatfades
quote:
Your 401K is getting destroyed
Myabe for you losers, I'm playing the Lotto for my retirement...
Posted on 6/13/22 at 3:25 pm to Allthatfades
Thanks for your concern. I’m 63, retired, and down a lot despite not being aggressive. Just have to hang in there. Still haven’t touched SS. Trying to wait until 70 for that.
Posted on 6/13/22 at 3:27 pm to shel311
quote:
Mine isn't, it's in cash
I was joking that I invested in the rubel, but it is up something like 200% since March.
Posted on 6/13/22 at 3:29 pm to 9Fiddy
Clever way of using "bout 350" without actually saying it.
Nice job OT.
Nice job OT.
Posted on 6/13/22 at 3:30 pm to danilo
quote:
Time to buy more
I know its the trillion dollar question, but when will it bottom out? When should you buy?
Posted on 6/13/22 at 3:31 pm to fightin tigers
quote:There we’re articles written back in May stating that the ruble is currently the strongest currency.
I was joking that I invested in the rubel, but it is up something like 200% since March.
The West really made a bad gamble with the sanctions on Russia.
It is hurting us FAR more than they expected.
People always viewed Russia’s economy as the size of Spain’s, due to the reported GDP, but when it comes to essential worldwide markets, they are probably more on par with Germany.
When you combine that and the stupidity of the last two years, this is severely self-inflicted.
Posted on 6/13/22 at 3:31 pm to Allthatfades
only dumb*sses.
In December, the signs (war, inflation, interest rates, labor and supply shortages, etc) were screaming at us to get out of the market. Those who didn't listen are either ignorant or greedy.
In December, the signs (war, inflation, interest rates, labor and supply shortages, etc) were screaming at us to get out of the market. Those who didn't listen are either ignorant or greedy.
Posted on 6/13/22 at 3:32 pm to Allthatfades
All is going to plan for Joe Biden and his voters. This is exactly what they wanted.
Posted on 6/13/22 at 3:32 pm to Allthatfades
Down 6.6% today.
I'm buying to the bottom, brah.
I'm buying to the bottom, brah.
Posted on 6/13/22 at 3:33 pm to shel311
Y’all do realize you can make as much on a down day as on an up day?
Research SPXS. There are other bear funds as well for different sectors, etc. Educate yourself so you can act accordingly. This wasn’t that hard guys. Holding cash is not the smartest move here.
If you made a bet this BS was going to happen….cha ching!!!
Research SPXS. There are other bear funds as well for different sectors, etc. Educate yourself so you can act accordingly. This wasn’t that hard guys. Holding cash is not the smartest move here.
If you made a bet this BS was going to happen….cha ching!!!
Posted on 6/13/22 at 3:34 pm to Allthatfades
Might have to bump the old target retirement date from 2055 to 2065 on my funds
Posted on 6/13/22 at 3:35 pm to Allthatfades
quote:
Your 401K is getting destroyed
It's the democrats plan, and I lived too long to see it come to fruition.
I was hoping to retire in less than 2 years, but I'm guessing now that is out the window.
Posted on 6/13/22 at 3:37 pm to Allthatfades
Luckily for me I have never had a penny in a 401k.
Posted on 6/13/22 at 3:37 pm to Realityintheface
quote:
Y’all do realize you can make as much on a down day as on an up day?
Research SPXS. There are other bear funds as well for different sectors, etc. Educate yourself so you can act accordingly. This wasn’t that hard guys. Holding cash is not the smartest move here.
If you made a bet this BS was going to happen….cha ching!!!
You posted this on the Money Board also. 401ks don't necessarily have bear funds
Posted on 6/13/22 at 3:38 pm to brickyard
quote:
I know its the trillion dollar question, but when will it bottom out? When should you buy?
If I knew …. I would only tell my baws on here and no one else
Posted on 6/13/22 at 3:40 pm to El Segundo Guy
quote:
Luckily for me I have never had a penny in a 401k.
Can’t lose it if never had it!
*black guys points to head meme*
Posted on 6/13/22 at 3:45 pm to Allthatfades
I am three years out 85% bonds/securities, 10% bonds and 5% equities. I have lost 9% so far.
It isn't great but I am hoping dollar cost averaging and three years helps.
It isn't great but I am hoping dollar cost averaging and three years helps.
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