Anonymous
Post 04/08/2025 08:58     Subject: Can't bring myself to check my 401K
Anonymous wrote:
Anonymous wrote:You sound ungrateful OP, most people don’t have the luxury of a 401k.


False. 72% of private employers offer a 401(k), and % is higher for civilian employers and gov't employers. Now - if people do not CHOOSE to set money aside, different matter. Everything is a choice.

https://www.bls.gov/news.release/ebs2.htm?ref=guideline.com#ncs_nb_table1



Your entitlement is showing.

Research from the U.S. Census Bureau's 2021 Survey of Income and Program Participation (SIPP) indicates that in 2020, approximately 34.6% of working-age individuals (ages 15 to 64) owned 401(k)-style defined contribution (DC) plans.

Anonymous
Post 04/08/2025 08:57     Subject: Can't bring myself to check my 401K
Anonymous wrote:
Anonymous wrote:I was at mid $2million, thought I'd be at $3million in another 5 years.

I have a years salary sitting in cash, but so, so worried. I'm am going to lose my job and not be able to find another.

I haven't checked since last week. Will wait until Friday night, so if I lose a nights sleep at least it won't affect work.

Life was feeling pretty good. I've sacrificed and worked so hard for everything. I may not have been living in the rust belt but I'm a normal middle class person who just worked really, really hard.

I detest that man.


Times like these in the market are how you make your money.

Market is on a 20% off sale. Keep buying.


Oh the buy the dip BS. Because we all cashed out and are just waiting to reinvest. Because we all know this is the bottom?

And while I'm not the OP, you have no idea why she has $2M. I have more than I would have had because my parents died. Or maybe they just put away the max amount each year. Or maybe they didn't have kids.
Anonymous
Post 04/08/2025 08:49     Subject: Can't bring myself to check my 401K
Anonymous wrote:You sound ungrateful OP, most people don’t have the luxury of a 401k.


False. 72% of private employers offer a 401(k), and % is higher for civilian employers and gov't employers. Now - if people do not CHOOSE to set money aside, different matter. Everything is a choice.

https://www.bls.gov/news.release/ebs2.htm?ref=guideline.com#ncs_nb_table1
Anonymous
Post 04/08/2025 08:46     Subject: Can't bring myself to check my 401K
Anonymous wrote:
Anonymous wrote:There’s no need to look.


+1. Don’t do it. Stay the course and be glad you’ve got 7-10 years.

I haven’t looked since early March and don’t intend to until after the summer.


What if you've only got 5 years?
Anonymous
Post 04/08/2025 08:08     Subject: Can't bring myself to check my 401K
You sound ungrateful OP, most people don’t have the luxury of a 401k.
Anonymous
Post 04/08/2025 04:25     Subject: Re:Can't bring myself to check my 401K
Anonymous wrote:Our retirement portfolio is still up 19.5% over the past year and 14.1% YTD. We’re also up 162.5% over the past five years ($1.25M -> $3.28M).

We check the markets daily and trade quite actively. The old days of setting and forgetting ended in January 2020.


You’re a day trader? Most people don’t have the knowledge or interest to do that.
Anonymous
Post 04/08/2025 04:21     Subject: Can't bring myself to check my 401K
Anonymous wrote:I was at mid $2million, thought I'd be at $3million in another 5 years.

I have a years salary sitting in cash, but so, so worried. I'm am going to lose my job and not be able to find another.

I haven't checked since last week. Will wait until Friday night, so if I lose a nights sleep at least it won't affect work.

Life was feeling pretty good. I've sacrificed and worked so hard for everything. I may not have been living in the rust belt but I'm a normal middle class person who just worked really, really hard.

I detest that man.


Times like these in the market are how you make your money.

Market is on a 20% off sale. Keep buying.
Anonymous
Post 04/08/2025 04:18     Subject: Can't bring myself to check my 401K
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:minor? a MIIIIIIIIIINOOOOOOOOOOOOOR?


Investing is a mental game and it's a lot tougher nowadays because you can't even look at any type of screen without being bombarded with hyperbolic headlines about the stock market.



I agree. DCUM is the same sort of fear mongering. All these “so smart” so rich people freaking out- it really hows how many here lie through their teeth. I’m wealthy and this means nothing to me- DCUM professes to be so wealthy but the panic here is off the charts. Seems like some here lie.


There are some billionaires (which you’re not) freaking out and Republicans are starting to call Trump out. Plus it’s the whole country that’s going to be looking like the back woods of Alabama if we don’t take action. I’d like to see prosperity everywhere.
Anonymous
Post 04/07/2025 23:57     Subject: Can't bring myself to check my 401K
Anonymous wrote:
Anonymous wrote:I was at mid $2million, thought I'd be at $3million in another 5 years.

I have a years salary sitting in cash, but so, so worried. I'm am going to lose my job and not be able to find another.

I haven't checked since last week. Will wait until Friday night, so if I lose a nights sleep at least it won't affect work.

Life was feeling pretty good. I've sacrificed and worked so hard for everything. I may not have been living in the rust belt but I'm a normal middle class person who just worked really, really hard.

I detest that man.


Normal middle class people don’t have $2M-$3M or a years’ worth of income saved up in cash. Plus, people who work really, really hard don’t lose their jobs.

Nice try, Troll.

What? Maybe the first is true, but people who work very very hard absolutely lose their jobs. That's what a layoff is. It's not based on performance. Sometimes the company just decides not to do the part of the business you're in.
Anonymous
Post 04/07/2025 23:53     Subject: Can't bring myself to check my 401K
I don’t feel the need to look. i’m 47 and one need the money for at least 13 years ands it’s not like i’d make changes so there’s no point in looking and getting upset.
Anonymous
Post 04/07/2025 23:21     Subject: Can't bring myself to check my 401K
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This underscores the importance of international diversification.


How so? All markets are down


My US fund is -14% YTD and International is -5

My US small cap is getting destroyed.


Same here. So far my US stocks are down much more than INTL. And my small-cap ETF is down a depressing 18%.
Anonymous
Post 04/07/2025 22:06     Subject: Can't bring myself to check my 401K
Anonymous wrote:I was at mid $2million, thought I'd be at $3million in another 5 years.

I have a years salary sitting in cash, but so, so worried. I'm am going to lose my job and not be able to find another.

I haven't checked since last week. Will wait until Friday night, so if I lose a nights sleep at least it won't affect work.

Life was feeling pretty good. I've sacrificed and worked so hard for everything. I may not have been living in the rust belt but I'm a normal middle class person who just worked really, really hard.

I detest that man.


Normal middle class people don’t have $2M-$3M or a years’ worth of income saved up in cash. Plus, people who work really, really hard don’t lose their jobs.

Nice try, Troll.
Anonymous
Post 04/07/2025 22:06     Subject: Can't bring myself to check my 401K
75k down on Friday between my spouse and I. couldn't bear to check it today.
Anonymous
Post 04/07/2025 21:42     Subject: Can't bring myself to check my 401K
Anonymous wrote:
Anonymous wrote:This underscores the importance of international diversification.


How so? All markets are down


My US fund is -14% YTD and International is -5

My US small cap is getting destroyed.
Anonymous
Post 04/07/2025 21:20     Subject: Can't bring myself to check my 401K
I was at mid $2million, thought I'd be at $3million in another 5 years.

I have a years salary sitting in cash, but so, so worried. I'm am going to lose my job and not be able to find another.

I haven't checked since last week. Will wait until Friday night, so if I lose a nights sleep at least it won't affect work.

Life was feeling pretty good. I've sacrificed and worked so hard for everything. I may not have been living in the rust belt but I'm a normal middle class person who just worked really, really hard.

I detest that man.