Anonymous
09/07/2022 19:52
Subject: Checked 401K today after not looking in 3 months
Anonymous wrote:Ugh. I looked at my 401K today after not looking for months. I max out every year (with catch up since I'm in my 50s) and every penny I've put towards it this year is gone, plus an additional $100 grand. So around $125K down since the start of the year. Is this thing going to turn around? And I know that some are going to say that I'm thinking about it wrong, that every cent of my paycheck that I've sent to my 401K this year means I'm buying deeply discounted stocks, etc. It just still feels like a gut punch to see that I'm $125K down. Others who want to commiserate?
The only thing I’m commiserating is that I have to share a country with idiots like you. We have a minor market downturn and you are crying? We are up ~20% from pre-pandemic highs. We are up 100% from early 2016. Hell, we are still positive from Biden’s inauguration date despite the utter mess that he was handed.
Anonymous
09/07/2022 19:37
Subject: Checked 401K today after not looking in 3 months
The fed needs to drop the rates they are overshooting again. Dumb old people
Anonymous
09/07/2022 19:00
Subject: Checked 401K today after not looking in 3 months
OP here. Thanks for the commiseration. I'm not changing anything. I'll continue to max out year in and year out. Today was the first time I looked in three months. I'll look again in January.
Anonymous
09/07/2022 18:51
Subject: Re:Checked 401K today after not looking in 3 months
Why do so many on the Right just repeat what they’re told. No critical thinking ability. I thought Limbaugh’s “ditto heads” was a joke, but it appears to be true. The Right is mostly a bunch of lemmings ready to follow Trump off a cliff.
Anonymous
09/07/2022 18:41
Subject: Checked 401K today after not looking in 3 months
Anonymous wrote:Anonymous wrote:Anonymous wrote:Thanks Biden!
This makes no sense
I agree, Biden tanking the economy with record inflation doesn't make any sense.
Yeah, inflation is definitely only high in the U.S., where Biden is president, and not at all higher in Europe than it is here, and it is also definitely only due to policies put in place since late January 2021, certainly has nothing to do with supply chain disruptions from the pandemic or with the war in Ukraine.
Anonymous
09/07/2022 17:39
Subject: Checked 401K today after not looking in 3 months
Anonymous wrote:Type "aapl stock chart" into Google search.
$23 in 2016
$155 today
Similar with SPY. Truly unbelievable gains in the last decade. Hopefully it continues, but don't count on it. You need to Fed to print money!!!
Holy! MSFT was $58 in 2016! Missed it.
Anonymous
09/07/2022 17:37
Subject: Checked 401K today after not looking in 3 months
Type "aapl stock chart" into Google search.
$23 in 2016
$155 today
Similar with SPY. Truly unbelievable gains in the last decade. Hopefully it continues, but don't count on it. You need to Fed to print money!!!
$23 in 2016
$155 today
Similar with SPY. Truly unbelievable gains in the last decade. Hopefully it continues, but don't count on it. You need to Fed to print money!!!
Anonymous
09/07/2022 17:37
Subject: Checked 401K today after not looking in 3 months
Anonymous wrote:Anonymous wrote:Thanks Biden!
You mean Thanks Biden voters!
The poor dude is trying his best, which is not that much.
+1
Some people seems to think he's more powerful than he is. He's not responsible for GLOBAL inflation. Yet some folks think he is.
Anonymous
09/07/2022 17:35
Subject: Re:Checked 401K today after not looking in 3 months
Check it again today
Anonymous
09/07/2022 17:34
Subject: Checked 401K today after not looking in 3 months
You have to play the long game. If you look at any 15 year period of the stock market, including the great depression, it always goes up. So you can't look at one day, you have to look at 15 years. I promise you, 15 years from today, you will have that $125,000 back, and more.
Anonymous
09/07/2022 17:33
Subject: Re:Checked 401K today after not looking in 3 months
If you’re older and you’re down 20%, blame yourself. Clearly, your asset allocation is too risky. Everyone wants to be 100% in stocks when the gains are piling up, but they forget that the economy doesn’t go to the moon in a straight line.
Anonymous
09/07/2022 17:16
Subject: Checked 401K today after not looking in 3 months
Anonymous wrote:Anonymous wrote:Anonymous wrote:It could take a very long time to come back.
This isn't like 2008. The Fed put is gone. 2008-2021 was an anomaly driven by an excessively accommodating Fed. That era is over.
Pessimistic people said the same thing in 2008 regarding 2001-2002.
Dumb take.
Back in 2001-2002 and 2008 the govt didn't have over 100% debt to gdp ratio, nor was there 40 year high inflation. The govt and fed are both kneecapped on what they'll be able to do in the event of a bad recession. It means it could get bad for a very long time and the US economy grow at a snails pace in the future with the ensuing debt load we are racking up.
Ditto. Pessimistic people always find reasons to be negative.
Anonymous
09/07/2022 17:16
Subject: Checked 401K today after not looking in 3 months
Anonymous wrote:Anonymous wrote:Anonymous wrote:It could take a very long time to come back.
This isn't like 2008. The Fed put is gone. 2008-2021 was an anomaly driven by an excessively accommodating Fed. That era is over.
Pessimistic people said the same thing in 2008 regarding 2001-2002.
Dumb take.
Back in 2001-2002 and 2008 the govt didn't have over 100% debt to gdp ratio, nor was there 40 year high inflation. The govt and fed are both kneecapped on what they'll be able to do in the event of a bad recession. It means it could get bad for a very long time and the US economy grow at a snails pace in the future with the ensuing debt load we are racking up.
Ditto. Pessimistic people always find reasons to be negative.
Anonymous
09/07/2022 17:12
Subject: Checked 401K today after not looking in 3 months
Anonymous wrote:Anonymous wrote:It could take a very long time to come back.
This isn't like 2008. The Fed put is gone. 2008-2021 was an anomaly driven by an excessively accommodating Fed. That era is over.
Pessimistic people said the same thing in 2008 regarding 2001-2002.
Dumb take.
Back in 2001-2002 and 2008 the govt didn't have over 100% debt to gdp ratio, nor was there 40 year high inflation. The govt and fed are both kneecapped on what they'll be able to do in the event of a bad recession. It means it could get bad for a very long time and the US economy grow at a snails pace in the future with the ensuing debt load we are racking up.
Anonymous
09/07/2022 17:05
Subject: Checked 401K today after not looking in 3 months
Anonymous wrote:Anonymous wrote:It could take a very long time to come back.
This isn't like 2008. The Fed put is gone. 2008-2021 was an anomaly driven by an excessively accommodating Fed. That era is over.
Pessimistic people said the same thing in 2008 regarding 2001-2002.
Dumb take.
Back in 2001-2002 and 2008 the govt didn't have over 100% debt to gdp ratio, nor was there 40 year high inflation. The govt and fed are both kneecapped on what they'll be able to do in the event of a bad recession. It means it could get bad for a very long time and the US economy grow at a snails pace in the future with the ensuing debt load we are racking up.