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re: My 401k has almost completely recovered

Posted on 5/28/20 at 4:28 pm to
Posted by bleedpg
Hot Springs Village, Arkansas
Member since Dec 2006
1234 posts
Posted on 5/28/20 at 4:28 pm to
I have two 401k’s (one from my previous job that I left alone)

The 401k from my previous job has completely recovered and is above what was lost

My current job 401k is still down but not by much.

I just checked the market for today and for whatever reason the market took a dive at the very end.
Posted by tigerfoot
Alexandria
Member since Sep 2006
60729 posts
Posted on 5/28/20 at 4:30 pm to
quote:

Wow, it's almost like your personal gains don't represent those of the entire country?
id imagine 401k performances are pretty closely aligned across the board.

Those hating on the financial market probably don’t have a dog in the fight
This post was edited on 5/28/20 at 4:30 pm
Posted by TH03
Mogadishu
Member since Dec 2008
171955 posts
Posted on 5/28/20 at 4:31 pm to
No they're all unemployed and gay.
Posted by tzimme4
Metairie
Member since Jan 2008
32376 posts
Posted on 5/28/20 at 4:34 pm to
The Dow Jones is higher today than it was on May 28th 2019.
Posted by Quidam65
Q Continuum
Member since Jun 2010
20484 posts
Posted on 5/28/20 at 4:44 pm to
I still have some way to go but so far it has recovered about 75% of the decrease between the high and the low. Of course it would go UP today when I need it to go DOWN (for purchase of shares at COB today).
Posted by MintBerry Crunch
Member since Nov 2010
5844 posts
Posted on 5/28/20 at 5:00 pm to
No but a strong economy favors the incumbent
Posted by PUB
New Orleans
Member since Sep 2017
20687 posts
Posted on 5/28/20 at 5:05 pm to
According to the stock market, the economy did the only I-shaped recovery in world history within weeks.
Posted by DiamondDog
Louisiana
Member since Nov 2019
12821 posts
Posted on 5/28/20 at 5:09 pm to
I’m down a little over 3%. I’m tempted to liquidate to cash once I get even and wait for the ball to drop again then buy back in.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
50958 posts
Posted on 5/28/20 at 5:12 pm to
quote:

My current job 401k is still down but not by much.
Probably down a little more than you think since you've continued to invest every paycheck
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