Checked 401K today after not looking in 3 months

[Anonymous]

Anonymous wrote:Agree we have a massive bubble in all assets. But where do people put their money with all this inflation? Need to keep up with inflation, or else our cash is losing 10% a year.

I bonds and TIPs

[Anonymous]

down 3 percent today.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Household net worth ballooned by $39T (Yes T for trillion) during the 2 year COVID span. That's 158% the entire US GDP. During the .com bust, that same number was 79%, and prior to the housing bubble crisis in 2008, thst number was 98%.

Let that sink in. In what sane reality has the US economy improved so much DURING COVID that everyone in the country now is 158% better? What a joke....it's a gigantic asset bubble that needs to burst badly because it was fueled on cheap money.

After the .com crash, the market never topped out again until over a decade later because the govt kept stimulating the economy after 2008. After this crash happens to withdraw the 158% gains, we could be in pain for a lot longer this time around.. try 20+ years.

I don’t see the argument. There was massive government investment in basic social safety net during COVID—it sure as heck improved our household financial picture over where it would have been. Sounds plenty sane to me.

i.e. you admit is a bubble - gigantic govt intervention that is now being removed and that has caused inflation. it was a giant sugar rush. no it is imploding. asset bubbles always end badly.

That’s not a bubble. It would be the basis for a much better standard of living for everyone of we weren’t morons who can’t be saved from
ourselves.

[Anonymous]

I haven’t looked since March. I’m not planning to look at it until it turns. I just turned 50 and I’m maxing out everything with the catch up contributions, too. I’m telling myself this is a great opportunity to bulk buy and increase my nest egg for retirement.

[Anonymous]

Anonymous wrote:I haven’t looked since March. I’m not planning to look at it until it turns. I just turned 50 and I’m maxing out everything with the catch up contributions, too. I’m telling myself this is a great opportunity to bulk buy and increase my nest egg for retirement.

Age 51 and putting in max + catch up too. Still hurts to see every single dollar I've invested this year just disappear.