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re: How much of your 401k has shrunk since this idiot took over?
Posted on 6/15/22 at 6:07 pm to tigerbait3488
Posted on 6/15/22 at 6:07 pm to tigerbait3488
Sounds like you’d be better off having invested in an index fund, while it would be down a little from the day he took office it isn’t much. That said 0 return isn’t why I invest. frick Joe Biden
1
Posted on 6/15/22 at 6:09 pm to tigerbait3488
Enough to be looking at all of our other assets. I just want my kids to have something.
Posted on 6/15/22 at 6:11 pm to tigerbait3488
This idiot has a long way to go still , hide your pennies
Posted on 6/15/22 at 6:13 pm to tigerbait3488
I’ve made money ytd, but it’s come to a halt.
Posted on 6/15/22 at 6:13 pm to ronricks
quote:
I’m 42. I don’t even look because it is pointless. I will simply continue to max my 401k, Roth, and HSA every year and hope for the best. It’s pretty much all I can do at my age.
This is the only rational strategy for someone far from retirement. Good for you
Posted on 6/15/22 at 6:14 pm to Dawgfanman
quote:
Sounds like you’d be better off having invested in an index fund, while it would be down a little from the day he took office it isn’t much.
Would love to know where to find a index fund like this, depending n the sector all my index funds are down 20-28%
Posted on 6/15/22 at 6:15 pm to AUMIS01
quote:
Just trusting my financial advisor right now
Dicey move
Posted on 6/15/22 at 6:19 pm to UGA fan n NC
Biden is the worst fake president ever and if not then his two terms will prove that once they steal the election again. It isn't incompetence but well intentional.
This post was edited on 6/15/22 at 6:23 pm
Posted on 6/15/22 at 6:28 pm to EA6B
quote:
Would love to know where to find a index fund like this, depending n the sector all my index funds are down 20-28%
S&P was 3849 on Jan 2021 today it was 3790.
Posted on 6/15/22 at 6:40 pm to tigerbait3488
Today got me under $400K in loses. Not sure if I should celebrate, probably not.
Posted on 6/15/22 at 6:44 pm to tigerbait3488
Just did the math, I’m down about 7%
If I hadn’t rebalanced my 401k before Biden took office it would be closer to 30%. I thought I was gambling at the time, but it looks like it paid off for my future.
If I hadn’t rebalanced my 401k before Biden took office it would be closer to 30%. I thought I was gambling at the time, but it looks like it paid off for my future.
Posted on 6/15/22 at 6:56 pm to Brandonthepotato
quote:
Smart move for sure, but cash doesn’t just sit there it devalues over time. I’m sure you know that but it’s for those who have less and might consider this option for an ‘eggs in one basket’ approach.
I can’t read our economic tea leaves somewhat with any accuracy right now for the first time in my life.
Tangibles are my only options.
Yeah leaving cash in a 0% checking account definitely isn't a great move, especially with massive inflation, but it beats losing value due to inflation + a 20% and growing loss in the market. Really nowhere to hide from this except maybe commodities and gold right now. I'm just staying on the sidelines for the time being and ensuring I can pay the bills until we get this administration out onto the streets where they belong.
ETA: Still maxing 401k every year. So I'm not completely on the sidelines as far as new money goes.
This post was edited on 6/15/22 at 6:59 pm
Posted on 6/15/22 at 7:04 pm to tigerbait3488
About 140k...and I knew it was coming. To take a quote from "Bachelor Party" ( which should give you an age indication). " Pain is such a rush"
Posted on 6/15/22 at 7:06 pm to llfshoals
quote:some of the luckiest timing I’ve ever heard of. I was at my ATH in Oct-Nov. down more than 50% since then.
cleaned mine out in October. It wasn’t hard to see this coming.
I’m old, so couldn’t afford to ride it out.
Posted on 6/15/22 at 7:07 pm to tigerbait3488
It’s literally swing the opposite direction. Was up 20-30% and now I’m down 20%.
Posted on 6/15/22 at 7:31 pm to Catahoula20LSU
I’m right about even. Selling otm qqq puts and rolling when I can. It’s fricking bullshite though because I should be up 40%+ from the money I made on zim
Posted on 6/15/22 at 7:46 pm to tigerbait3488
I'm down over $500,000 at this point.
Posted on 6/15/22 at 7:47 pm to Major Dutch Schaefer
quote:Right there with you.
Down 6 figures
Posted on 6/15/22 at 7:59 pm to jfw3535
Down over 300K but the home equity is sky high so it's almost a push on paper.
FJB!
FJB!
Posted on 6/15/22 at 7:59 pm to tigerbait3488
quote:
down around $26,000.
I wish
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