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re: How much of your 401k has shrunk since this idiot took over?

Posted on 6/15/22 at 10:03 pm to
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 6/15/22 at 10:03 pm to
118% up since Jan 1, 2021.

Believe me?
Posted by roadGator
Member since Feb 2009
154356 posts
Posted on 6/15/22 at 10:04 pm to
Sure. But I’d appreciate info on how you did it.
Posted by auie93
Auburn
Member since Jan 2021
790 posts
Posted on 6/15/22 at 10:12 pm to
quote:

The week the pedo was placed in the White House I rounded up all my investments, my 401k, and stocks and put them all in a bank's IRA. Received 1% growth since, and happy about it. If you couldn't see that pedo joe was going to ruin the economy and stock market, I don't what to tell you.


That turned out to be a solid plan for tax-deferred retirement accounts. For those of us with significant additional holdings in taxable investment accounts, there are serious tax consequences involved with cashing everything out.
Posted by 7thWardTo314
Member since May 2017
1399 posts
Posted on 6/15/22 at 11:05 pm to
401k down about 90k

Investments are down 250k and counting.
Posted by LSUBALLER
Louisiana
Member since Jul 2013
20381 posts
Posted on 6/15/22 at 11:13 pm to
$82,000 starting to worry. This douchebag is killing me.
Posted by LSUBALLER
Louisiana
Member since Jul 2013
20381 posts
Posted on 6/15/22 at 11:14 pm to
I asked wife should if we should move money she said no. So it’s all on her.
Posted by LSUBALLER
Louisiana
Member since Jul 2013
20381 posts
Posted on 6/15/22 at 11:15 pm to
Wife retired three months ago . We are so freaked
Posted by Giantkiller
the internet.
Member since Sep 2007
24386 posts
Posted on 6/15/22 at 11:22 pm to
From Nov 3, 2020 (Election Day), my 401K is down approx $104 thousand dollars. I’m in my mid 40’s. This is demoralizing.
Posted by Mark Makr Makek
Austin, TX
Member since Nov 2021
497 posts
Posted on 6/16/22 at 9:47 am to
quote:

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.


I am delighted to hear this user Walnut
Posted by ELLSSUU
Member since Jan 2005
7953 posts
Posted on 6/16/22 at 10:19 am to
Spoke too soon.

Thanks For nothing Joe

Posted by CamdenTiger
Member since Aug 2009
65116 posts
Posted on 6/16/22 at 10:23 am to
I’m down over 400+ thousand, this year, this sucks as this is hitting me on every front….,
Posted by DaTruth7
Member since Apr 2020
4043 posts
Posted on 6/16/22 at 10:27 am to
A lot of people are getting hammered. Hopefully it comes back. If not money will be the least of our worries.
Posted by LSUfanNkaty
LC, Louisiana
Member since Jan 2015
11928 posts
Posted on 6/16/22 at 11:12 am to
Unfortunately, 6 figures...It should get better, hopefully. I'm young enough, thankfully.
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