Can't bring myself to check my 401K

[Anonymous]

No reason to Check it.

If you had a reasonable plan (some stocks some bonds, emergency cash equivalent set aside), just go about your business. You have plenty of time before retirement.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I only have a bit more than $100k in my 403b (I'm a teacher) and mine is down $24k since Jan/Feb. I have a good 17 yrs until retirement but it is sickening to see it.

How did you manage to be 24% down when sp500 is only down 15%. Does your plan have some very risky investment options?

She did not say 24%!

[Anonymous]

Anonymous wrote:If you can't handle a minor market correction, you need to up your allocation to bonds. Or lose sleep.

Minor? Come on, given the speed and deliberate precipitation, this is quite historic.

[Anonymous]

I retired 10 months ago, with no pension .

But I am sitting tight.

My financial advisor had me set aside two years of cash-equivalent funds, in the event of a market turn down.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you can't handle a minor market correction, you need to up your allocation to bonds. Or lose sleep.

Minor? Come on, given the speed and deliberate precipitation, this is quite historic.

You should be prepared for a 50% drawdown if you are only invested in stocks. I decreased my bond allocation after 2008 because I learned that a 45% drop didn't phase me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I only have a bit more than $100k in my 403b (I'm a teacher) and mine is down $24k since Jan/Feb. I have a good 17 yrs until retirement but it is sickening to see it.

How did you manage to be 24% down when sp500 is only down 15%. Does your plan have some very risky investment options?

She did not say 24%!

Well you got me. The teacher has $100k left after losing $24k. So presumably started with $124k: 24/124 =19% loss

[Anonymous]

Anonymous wrote:I only have a bit more than $100k in my 403b (I'm a teacher) and mine is down $24k since Jan/Feb. I have a good 17 yrs until retirement but it is sickening to see it.

I’m a retired teacher (July ‘23). My 403b took an 8% drop since last week. I have a few years before I’ll be able to pull $ from it so I’ll hold tight at this point. My spouse is a current teacher and we haven’t looked at her account.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I only have a bit more than $100k in my 403b (I'm a teacher) and mine is down $24k since Jan/Feb. I have a good 17 yrs until retirement but it is sickening to see it.

How did you manage to be 24% down when sp500 is only down 15%. Does your plan have some very risky investment options?

She did not say 24%!

Well you got me. The teacher has $100k left after losing $24k. So presumably started with $124k: 24/124 =19% loss

I'm the teacher. I had appr. $141k in January/early February. Now it's $118k. Thankfully I have 15-17 yrs until retirement but still, none of this was necessary. Donald Trump is loving every minute of this. He loves the power he has and he really loves taking it for a ride.

[Anonymous]

Don't check it tomorrow it will be down at min 15% more.

Circuit break other countries already enacted.

Trumpers are morons.

[Anonymous]

Anonymous wrote:Sell if you want to but stop whining about it.

Worst advice ever. Be helpful if you’re going to comment.

[Anonymous]

OP, if looking will cause you stress or worry, or worse, risk the possibility you’ll cash out, then no do not look. Stick to your investment strategy and stay the course. If you don’t have an investment strategy, take time to educate yourself and hire a financial advisor if needed.

[Anonymous]

It will come back. Just don’t look.

[Anonymous]

This underscores the importance of international diversification.

[Anonymous]

Anonymous wrote:It will come back. Just don’t look.

It will. It just sometimes takes 15 years, Great Depression, or 40 years, Japan

[Anonymous]

Anonymous wrote:This underscores the importance of international diversification.

How so? All markets are down