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re: Tanking 401k

Posted on 9/24/22 at 10:26 am to
Posted by Bayoutigre
29.9N 92.1W
Member since Feb 2007
5626 posts
Posted on 9/24/22 at 10:26 am to
blackrock ,vanguard and state st. are targeted for failure,they own everything ,if your portfolio has companies owned by them you are not safe,which is most of us
Posted by ecb
Member since Jul 2010
9348 posts
Posted on 9/24/22 at 10:53 am to
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 by JColtF
Lake Charles, LA
Member since Aug 2008
4749 posts
Posted on 9/24/22 at 11:09 am to
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 by LakeCharles
USA
Member since Oct 2016
5058 posts
Posted on 9/24/22 at 11:44 am to
quote:

I got 20 years left before I retir

Me too. I'm 62 now. FJB.

Posted by VoxDawg
Glory, Glory
Member since Sep 2012
60085 posts
Posted on 9/24/22 at 11:45 am to
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 by LuckyTiger
Someone's Alter
Member since Dec 2008
45294 posts
Posted on 9/24/22 at 12:25 pm to
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 by shel311
McKinney, Texas
Member since Aug 2004
110932 posts
Posted on 9/24/22 at 1:02 pm to
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 by Rza32
Member since Nov 2008
3606 posts
Posted on 9/24/22 at 1:48 pm to
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 by LSUBALLER
Louisiana
Member since Jul 2013
16121 posts
Posted on 9/24/22 at 1:55 pm to
Posted by Upperaltiger06
North Alabama
Member since Feb 2012
3947 posts
Posted on 9/24/22 at 3:05 pm to
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.
Posted by Quidam65
Q Continuum
Member since Jun 2010
19309 posts
Posted on 9/24/22 at 3:22 pm to
Friday was my 52-week low.
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