re: Tanking 401k

quote:

---

I’m down over $200,000 since November in my 401k.

---

Your lucky, if only down that little. You have to remember the market is ever changing and what goes up comes down and then that goes up again. While I'm down considerably, I'm still well above where I was after the COVID crash of March 2020. Actually, I'm still above what I had prior to the Covid crash. If this trend keeps up I might be bitching like you, but I have a while before retirement and "think" the market will rebound by then with positive gains.

But then again what the hell do I know. I pay someone else to manage my money.

FJBLGB

quote:

---

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?

---

Had to sell the big yacht.

2008 was bad. The President was Obama, Vice President was Biden. Total shitstorm with the economy. I lost $80,000 during that time with 401k. Never went back into it. Sometimes now I think it’s better just to save rather invest.

quote:

---

There isn’t one fund available in my plan that hasn’t lost at least 10 percent year to date.

---

Sounds like someone designed your 401k to reflect the market to fulfill their fiduciary responsibility.


I’ve now frontloaded my retirement plan for the last 3 years. In two of the last three, I would have come out better by buying monthly instead of maxing it out by March.
I’m still going to frontload it every year.
I’m still going to max it every year.
I’m not going to change my holdings.

quote:

---

Sometimes now I think it’s better just to save rather invest.

---

No way, man! Meet Bob

12/31/2021 Total US Market Cap was $53.4T. S&P was 4766.

S&P is now 3693, off about 22%. Extrapolating that loss to total mkt cap comes to roughly $12T in losses.

Let's Go Brandon.

My kids 529 is as well.....it sucks.

Moved all mine to a stable value fund about 6 months after tater head took office. It doesn’t make much but I haven’t lost a penny. Will put it back in the market when MAGA takes over again.