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Posted on 9/24/22 at 10:53 am to Carnac
I'm retired now, so most of my 401k is in cash. But for years I was invested in the vanguard 2025 fund and I never looked at it. Because early on I lost a bunch of money by panicking during the 87 bust and selling. Investing is for the long-term.
Posted on 9/24/22 at 11:09 am to Carnac
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?
Don't worry, all 401k, IRAs, Single Ks will be taken and you'll be given a "Guaranteed Retirement Accounts"
Posted on 9/24/22 at 11:44 am to burke985
quote:
I got 20 years left before I retir
Me too. I'm 62 now. FJB.
Posted on 9/24/22 at 11:45 am to aubie101
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.
Yeah, I'm down 80% from mid-Nov 2021 highs.
Posted on 9/24/22 at 12:25 pm to GumboPot
quote:
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.
Same except I got out a bit sooner.
Thank God.
Posted on 9/24/22 at 1:02 pm to Carnac
Timing worked out as good as could be for me for something like this. Mine is currently actively managed so it was moved to cash and whatever I'm down would be very minimal.
Posted on 9/24/22 at 1:48 pm to Carnac
Money talk board, or is this a subtle way to state your displeasure with Biden?
This post was edited on 9/24/22 at 1:49 pm
Posted on 9/24/22 at 3:05 pm to Carnac
I put my retirement money in a very conservative bond account. It’s still dropped about 10%, but I put some play money in TZA as insurance (3x leverage against the Russell index). I’ve doubled that which has offset my losses for a net gain.
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