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Carnac
Alabama Fan
Redemption, Alabama
Member since Dec 2010
119 posts

Tanking 401k

I’m down over $200,000 since November in my 401k. There isn’t one fund available in my plan that hasn’t lost at least 10 percent year to date. How about you?


aubie101
Notre Dame Fan
Russia
Member since Nov 2010
2430 posts
 Online 

Haven't looked for months.... I was down 20% last time I checked.

Edit, haven't looked for 6 months.. I would rather let my wife kick me in the balls than look.
This post was edited on 9/23 at 10:37 pm


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561
USMCguy121
US Marine Corps Fan
Northshore
Member since Aug 2021
3675 posts

A lot, but i'm still up. I don't expect that to last to 2024 however, in which case I would have been better off buying nothing but bitcoin for the last 10 years despite it's crash.


Riverside
US Space Force Fan
Member since Jul 2022
147 posts

Down over 18% since January. About to lose all of the gains I made during the Trump years. It's going to be a rough few years.
This post was edited on 9/23 at 10:38 pm


aubie101
Notre Dame Fan
Russia
Member since Nov 2010
2430 posts
 Online 

My crypto is hammered. I checked that and I am down in some 80 percent. That is a loss, minus my Bit and Eth.


whiskey over ice
LSU Fan
Member since Sep 2020
2362 posts
 Online 

Subtle brag


CPTDCKHD
Member since Sep 2019
1096 posts

quote:

Down over 18% since January. About to lose all of the gains I made during the Trump years. It's going to be a rough few years.

How convenient.


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101
GumboPot
Georgetown Fan
Member since Mar 2009
103306 posts
 Online 

I took everything out two months ago and placed it in a money market account. It felt toppy at the time and I knew inflation was going to hit hard this fall. All current proceeds are just going into the same money market account. If we can get gridlock in DC I will probably get back into the market around 1Q23.


deltaland
Mississippi St. Fan
Member since Mar 2011
78068 posts

You don’t need that money. Govt will provide you with a pod and bugs to eat


GumboPot
Georgetown Fan
Member since Mar 2009
103306 posts
 Online 

quote:

My crypto is hammered. I checked that and I am down in some 80 percent. That is a loss, minus my Bit and Eth.


Same here but I never had a large stake in crypto.


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Carnac
Alabama Fan
Redemption, Alabama
Member since Dec 2010
119 posts

I’d really like to know how much wealth has been lost in the last 6 months.


LordSaintly
New Orleans Saints Fan
Member since Dec 2005
36786 posts

I'm not looking right now. Last I checked it was bad.

Are you close to retirement?


GnashRebel
Ole Miss Fan
Member since May 2015
7565 posts

Now is the time to hold the line. Keep buying and you will make some dough


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91
Carnac
Alabama Fan
Redemption, Alabama
Member since Dec 2010
119 posts

I’m 55. I have time to make it back but everyone has lost a couple years back of growing their retirement plans. 2 years gone that we will never get back.


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211
Dgarne2
Member since Sep 2022
478 posts

Learn how to invest. 100% in the market and up 3.7% in my 401k


Captain Rumbeard
LSU Fan
Member since Jan 2014
3048 posts

quote:

My crypto is hammered. I checked that and I am down in some 80 percent. That is a loss, minus my Bit and Eth.



Same. Buying up bitcoin every week stacking them sats. Got my ether making money after the merge. I'm not upset about my crypto situation long term. Don't really think about it any other way.


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21
Jack Ruby
US Space Force Fan
Member since Apr 2014
18891 posts

Michael Burry told all of y'all to take every bit of your investments out of the market 10 months ago.

Amazing how no one listens to this man, still....


Captain Rumbeard
LSU Fan
Member since Jan 2014
3048 posts

In a world with Jim Cramer in it, you really have to ask this question?


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41
Big Jim Slade
Member since Oct 2016
4229 posts

I hadn’t checked all year but felt the need to finally look two days ago. Down 22% YTD. I almost threw up, but just keep telling myself it’ll recover by the time I’m ready to retire many years down the road.


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31
burke985
LSU Fan
UGANDA
Member since Aug 2011
20973 posts
 Online 

Idc I got 20 years left before I retire , probably will get rid of 401k scam in long run anyway


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