How's Your 401k Doing?
- Thread starter Preacher Franklin
- Start date
Down 20% - can’t put in fast enough. Sure is better to be a a buyer right now than a seller. Sux either way - however, the economy seems to be strong - at least in my world. Still solid demand for products even with increased interest rates.
Buying opportunity. Dollar cost average. It does suck for those with near term retirement looming. As you approach retirement move more into fixed income to avoid market swings. After you do so do not be the old guy with a fixed income portfolio who compares his returns to the S&P 500 and harasses his investment adviser about it . *end advice*
I don't look at or worry about my 401K. I consider it gravy. My employer also offers a define benefit plan along with it (Pension Plan). If I work to age 66, I will get 70% of the average of my five best income years. I figure my 401K will come back. It always has. I am going to retire in six years. The people who are getting hurt are those who wanted to retire this year.
Down 18% in one and 28% in another. Retired two years ago. It sux and makes for some restless nights. I just hope the election helps stabilize things.
I do feel for those that are retired - to not gain anything and loose while drawing is insult to injury……and I really feel for those - my dad is living on cash as long as possible- no drawing anything from his retirement account…..just trying to limit the damage
I had a mix fund and have moved everything into stocks and buying more every chance I can.
I don’t give investment advice, you do you.
I don’t give investment advice, you do you.
They're a lot higher than when I bought them, and will be higher still when I sell. That's what matters. It's "buy low, sell high", not "worry about what it's doing between buying and selling".
For a long time I thought precious metals (gold & silver primarily) acted inversely of the stock market. However, the last few years the stock market drags metals with them. Anyone know why this happens? The inverse relationship just doesn't apply any more it seems.
Down pretty good. 14 years ago I didn’t care or even notice. A little scary at the moment, I admit, even though I know the drill.
Sadly, I believe it's going down even more. Some excellent buying opportunities for the long haul.
I felt like an idiot when my 401k smoked my fun money account last year. This year I’m way out performing my 401k. In fairness, my sock drawer would be getting a better return than my 401k this year.
If you have a Pension, you may want to look into what the Pension fund is invested in. You would be surprised at how many pensions have very sketchy and shakey investments.
Better than it was a month ago. I think the FED is about to blink.
I do wonder if keeping a lid on the markets is a part of the game right now.
I do wonder if keeping a lid on the markets is a part of the game right now.
I take this method of just not looking at it. I’m sure it looks pretty bad right now.
Unless you are planning on retiring in the next three years no sense in driving yourself crazy worrying about it.
Really depends on your risk tolerance but I plan to move from very aggressive to a more conservative allocation about 7-10 years out. Take a look at market cycles. I’m sure there are downturns that have lasted longer than that but it seems like a good time frame to minimize risk for me. I’ll head much more heavily fixed income 5 years and in as I close in on retirement, unless I fishwater some stock. Then I’ll be in here to let you all know! As always ask your investment adviser for help in navigating.
Up about 4%, jumped in cash on the last trading day of 2021. Been there most of the time since, with a few jumps in and out of the market (I'm currently in, but probably jumping back to cash soon). I'm 50/50 on retiring at the end of 2022.
Good deal. If and when we come out of this down cycle, I need to move. I’m 10-15 out.
Don’t short change your self with too much fixed income too soon. Many men live into their late 80s now and 1 in 2 women will live to 90. So your time line is long
they are raising rates to prop up the international dollar , they don’t care about us. The only thing that will stop them is when they can’t service the interest on the debt.
As of close of market today, I'm down about 5% and that's with a portfolio of 75% stock. It took a lot of years to come up with the right combination of securities but I"m hanging with this mix as it seems to be pretty resilient.
Naw son, read some history. That's when things get interesting. Those in power are never left holding the bag, that's the whole point of having power.
I’ve been steadily losing like everyone else but fortunately there is still time and room to bounce back before I retire. I got at least 15 years to go.
They are and it’s worse than it sounds because that’s an average, not median, so a relatively small percentage of 401ks are bringing that average up a lot.
I’ve got another 20-25 years to build, so I’m being really aggressive with my 401(K). I’m at -18.5% return at the moment. My company is matching 50% at the moment though, so I’m still dumping money into it. It’ll bounce back.
Only down about 5% on the year. I manage mine actively and have been in cash most of the year. Looking to be in positive territory by the end of the year. I can only invest in large index funds in my retirement account so my options are somewhat limited - just have to learn how to make the most of it.
In October of 2016 I had $100k that I needed to do something with. I’d always had a professional manage my investments but I decided to put that money in an account that I could trade online. I’m not a big market researcher, I bought stocks that I was familiar with either through my work, my wife’s work, or products that I liked. I traded regularly. I bought dips and sold if they made money. I probably watch 12-15 stocks and bounce between those stocks. November 2020 that account had $405k in it, today it has about $230k. I knew better but was too damned greedy to quit. I’ll get it back but it’s going to take some time and maybe a little luck.
I don’t ‘know what you are even trying to say, son
they are bringing the whole thing down, on purpose it’s a controlled demolition. A strong dollar relating to other currencies is their priority. Interest on the debt payment for the federal government is the only thing we have in terms of slowing or stopping the rate hikes.
its going to zero or damn near
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