Anonymous
07/04/2023 20:20
Subject: your accounts showing sign of life?
The Nasdaq just had its best first 6 months in 40 years. So anyone tech heavy should be doing great this year!
It’s weird that there is almost no news of it. I guess part of trying to say a recession is coming which has been on repeat for over 2 years now. Keep the plebes scared and uninformed I guess.
It’s weird that there is almost no news of it. I guess part of trying to say a recession is coming which has been on repeat for over 2 years now. Keep the plebes scared and uninformed I guess.
Anonymous
07/03/2023 19:17
Subject: Re:your accounts showing sign of life?
Anonymous wrote:Anonymous wrote:My account never did anything historically alarming, nor did it during the previous admin,
Tracking accounts weekly/daily/monthly is unhealthy and uneducated.
I know why people say that but I truly believe this is one of those "you do you" kind of thing. I check it whenever I feel like it, down days, up days and anywhere in-between. Do I change my allocation based on that? No. But there's nothing wrong with checking it whatever frequency you want to check.
Agree. I check my accounts whenever I feel like it, sometimes daily, sometimes monthly. But I do check, I don't change anything just because market is down etc.
Anonymous
07/02/2023 20:02
Subject: your accounts showing sign of life?
I'm mostly in APPL. There was a tiny downturn last year, but over the decades I've had this stock, it was just a blip.
Anyone worrying about "downturns" and checking their accounts more than once or twice a year is not doing it right. It's buy and hold, people. If you're trying to time the market by buying and selling short-term, you're very rarely going to make money, and you're likely going to give yourself a heart attack.
Anyone worrying about "downturns" and checking their accounts more than once or twice a year is not doing it right. It's buy and hold, people. If you're trying to time the market by buying and selling short-term, you're very rarely going to make money, and you're likely going to give yourself a heart attack.
Anonymous
07/02/2023 19:56
Subject: your accounts showing sign of life?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I maintain an ongoing balance sheet with accounts as rows and dates as columns. It’s sorted into cash/bonds/brokerage accounts, 401ks from various jobs, property, etc. I update it every 3-6 months.
My old, untouched 401k accounts are almost back at their late 2021 levels. My current 401k (started in 2020) is in the black for the first time in well over a year.
My little spreadsheet gives me comfort and allows me to not lose track of old retirement accounts. Between DH and me, we have a lot.
Just rollover your old retirement accounts. There’s literally no need for this.
My largest 401K from an old job has fees that are 4x lower than my current 401K with T Rowe Price. I ain’t rolling over $400K into my current crappy account.
Pick a brokerage to rollover your previous employer accounts too. Schwab, Vanguard, Fidelity, etc. all have low fees.
+1
The most typical thing to do is to create a Rollover IRA in whatever account you have a brokerage in. You can rollover all your old accounts into one IRA (per individual spouse member of course).
Wouldn't the Rollover IRA prevent one from being able to easily to a back door Roth annually? That is why I have kept my $ in my previous employers' 401(k). (Currently not working at a 401k job.) granted, all my profound 401ks were rolled into that previous employer's account and the account is w/ T Rowe Price with great options, so I don't see a disadvantage?
Assuming you have no other IRAs in your portfolio, then the annual back-door Roth is a great strategy.
Anonymous
07/02/2023 19:43
Subject: your accounts showing sign of life?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I maintain an ongoing balance sheet with accounts as rows and dates as columns. It’s sorted into cash/bonds/brokerage accounts, 401ks from various jobs, property, etc. I update it every 3-6 months.
My old, untouched 401k accounts are almost back at their late 2021 levels. My current 401k (started in 2020) is in the black for the first time in well over a year.
My little spreadsheet gives me comfort and allows me to not lose track of old retirement accounts. Between DH and me, we have a lot.
Just rollover your old retirement accounts. There’s literally no need for this.
My largest 401K from an old job has fees that are 4x lower than my current 401K with T Rowe Price. I ain’t rolling over $400K into my current crappy account.
Pick a brokerage to rollover your previous employer accounts too. Schwab, Vanguard, Fidelity, etc. all have low fees.
+1
The most typical thing to do is to create a Rollover IRA in whatever account you have a brokerage in. You can rollover all your old accounts into one IRA (per individual spouse member of course).
Wouldn't the Rollover IRA prevent one from being able to easily to a back door Roth annually? That is why I have kept my $ in my previous employers' 401(k). (Currently not working at a 401k job.) granted, all my profound 401ks were rolled into that previous employer's account and the account is w/ T Rowe Price with great options, so I don't see a disadvantage?
Yes, this is why not all advice online applies to everyone. Could be in a totally different tax bracket.
Anonymous
07/02/2023 19:03
Subject: your accounts showing sign of life?
Anonymous wrote:Anonymous wrote:The market is still down about 6% in the s&p from the peak, but we invested heavily in the down turn, so this year has been good. Our tech index fund is looking better. So yeah, it's getting better. Anyone who says their accounts never reflected the downturn didn't have anything in their account, or they are liars.
It amusing how devoted people on this forum are to the “only invest in Index funds because no one *ever* beats the market” narrative. Our actively managed accounts were never down as much as the market indexes and are now back above their peak, and we’re retired, so we are more conservative than we used to be. The signs were out there and there is no reason the ride the market all the way down if you don’t have to.
I clap you... I guess?
Anonymous
07/02/2023 18:51
Subject: your accounts showing sign of life?
Anonymous wrote:The market is still down about 6% in the s&p from the peak, but we invested heavily in the down turn, so this year has been good. Our tech index fund is looking better. So yeah, it's getting better. Anyone who says their accounts never reflected the downturn didn't have anything in their account, or they are liars.
It amusing how devoted people on this forum are to the “only invest in Index funds because no one *ever* beats the market” narrative. Our actively managed accounts were never down as much as the market indexes and are now back above their peak, and we’re retired, so we are more conservative than we used to be. The signs were out there and there is no reason the ride the market all the way down if you don’t have to.
Anonymous
07/02/2023 14:28
Subject: your accounts showing sign of life?
Anonymous wrote:Yep, finally back to where we were a year ago, mostly thanks to Apple.
Yep, me too.
Anonymous
07/02/2023 14:23
Subject: your accounts showing sign of life?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I maintain an ongoing balance sheet with accounts as rows and dates as columns. It’s sorted into cash/bonds/brokerage accounts, 401ks from various jobs, property, etc. I update it every 3-6 months.
My old, untouched 401k accounts are almost back at their late 2021 levels. My current 401k (started in 2020) is in the black for the first time in well over a year.
My little spreadsheet gives me comfort and allows me to not lose track of old retirement accounts. Between DH and me, we have a lot.
Just rollover your old retirement accounts. There’s literally no need for this.
My largest 401K from an old job has fees that are 4x lower than my current 401K with T Rowe Price. I ain’t rolling over $400K into my current crappy account.
Pick a brokerage to rollover your previous employer accounts too. Schwab, Vanguard, Fidelity, etc. all have low fees.
+1
The most typical thing to do is to create a Rollover IRA in whatever account you have a brokerage in. You can rollover all your old accounts into one IRA (per individual spouse member of course).
Wouldn't the Rollover IRA prevent one from being able to easily to a back door Roth annually? That is why I have kept my $ in my previous employers' 401(k). (Currently not working at a 401k job.) granted, all my profound 401ks were rolled into that previous employer's account and the account is w/ T Rowe Price with great options, so I don't see a disadvantage?
Anonymous
07/01/2023 17:31
Subject: your accounts showing sign of life?
I have one single stock and I bought it in 2020. It never went below what I paid. Going down just allowed my to buy more of it when I got the cash. What I bought is up 41% in one month.
Anonymous
07/01/2023 16:01
Subject: your accounts showing sign of life?
Anonymous wrote:Anonymous wrote:My accounts were never in bad shape
No stocks? Just bonds and CD's then? You're saying you haven't lost anything in the last few years?
DP: Bonds didn't do great the past few years with rising interest rates. But it is possible to pick individual stocks that did well in any time period regardless of what the overall market was doing, or to employ strategies that benefit in bear markets or optimize validity. Everyone's stock portfolio doesn't just mirror the S&P500 or whatever benchmark index you're using. (Me personally, I lost money that is now gained back).
Anonymous
07/01/2023 14:28
Subject: your accounts showing sign of life?
Anonymous wrote:My accounts were never in bad shape
No stocks? Just bonds and CD's then? You're saying you haven't lost anything in the last few years?
Anonymous
07/01/2023 14:26
Subject: your accounts showing sign of life?
Anonymous wrote:Yep, finally back to where we were a year ago, mostly thanks to Apple.
We're slightly above where we were a year ago, but I made some foolish buys in tech during the pandemic before then that still have never come back or we'd be even better. But some of those have now paid off a lot (NVDA for one).
Anonymous
07/01/2023 14:06
Subject: your accounts showing sign of life?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I maintain an ongoing balance sheet with accounts as rows and dates as columns. It’s sorted into cash/bonds/brokerage accounts, 401ks from various jobs, property, etc. I update it every 3-6 months.
My old, untouched 401k accounts are almost back at their late 2021 levels. My current 401k (started in 2020) is in the black for the first time in well over a year.
My little spreadsheet gives me comfort and allows me to not lose track of old retirement accounts. Between DH and me, we have a lot.
Just rollover your old retirement accounts. There’s literally no need for this.
My largest 401K from an old job has fees that are 4x lower than my current 401K with T Rowe Price. I ain’t rolling over $400K into my current crappy account.
Pick a brokerage to rollover your previous employer accounts too. Schwab, Vanguard, Fidelity, etc. all have low fees.
+1
The most typical thing to do is to create a Rollover IRA in whatever account you have a brokerage in. You can rollover all your old accounts into one IRA (per individual spouse member of course).
Anonymous
07/01/2023 14:02
Subject: your accounts showing sign of life?
Anonymous wrote:Anonymous wrote:Anonymous wrote:I maintain an ongoing balance sheet with accounts as rows and dates as columns. It’s sorted into cash/bonds/brokerage accounts, 401ks from various jobs, property, etc. I update it every 3-6 months.
My old, untouched 401k accounts are almost back at their late 2021 levels. My current 401k (started in 2020) is in the black for the first time in well over a year.
My little spreadsheet gives me comfort and allows me to not lose track of old retirement accounts. Between DH and me, we have a lot.
Just rollover your old retirement accounts. There’s literally no need for this.
My largest 401K from an old job has fees that are 4x lower than my current 401K with T Rowe Price. I ain’t rolling over $400K into my current crappy account.
Pick a brokerage to rollover your previous employer accounts too. Schwab, Vanguard, Fidelity, etc. all have low fees.