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Reply to "Entire stock portfolio down 50% in one year"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ok. Yah. Luckily we have 1.5mil equity in RE but I’m scared of what he’s done. Totally reckless. We are late 30’s, 2 kids. I told him I am taking over finances from this point forward. He won’t switch out the stocks he’s in now but from this point forward it’s going to be all conservative choices. Unfortunately he basically gambled away our 401k doing this. [/quote] You are in your 30s, have 1.5m in real estate equity, and you're scared? Also, he didn't gamble away your 401k. He lost 50% of the value, but it easily could rebound in the 20+ years you have until retirement. Your husband is right about you. In fact, you may not be a fool, you may be a blithering idiot. [/quote] A smart investor wouldn't be down 50 PERCENT IN ONE YEAR. ONE YEAR. From this point forward we have to invest in index funds and conservative choices to offset that we have 1mil dollars in about 15 random individual tech stocks. [/quote] Cathie Wood has entered the chat.[/quote]
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