Anyone else’s 401k take a bloodbath this week?
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Just checked mine, not too bad. Down by bout $10K, nothing burger.
K2: you might not have a balanced enough portfolio, and/or, not knowledgeable enough about the way the markets work. Either which way, as I said in my earlier comment about this not being a measuring contest, stick to what you know, instead of making broad stroke assumptions.
If you think a 2% decrease is a “bloodbath” strongly recommend familiarizing yourself with historical market volatility and drawdowns. Based on historical volatility (best insight we got), a 10% drawdown is very common, 20% drawdown typical, and a 30+% drawdown rare but likely to happen at least a few times in your lifetime.
exactly - the sky is not falling. Historically --->March 16, 2020: -2,997 points (largest point drop). - 13%
March 12, 2020: -9.51% (percentage drop).
October 19, 1987: -22.6% (percentage drop).
October 15, 2008: -7.9%.
October 29, 1929: -11.7%
No clue- set it and forget it. I’m not withdrawing from it for another 20 years so I don’t bother checking
But typically if you are constantly dropping money in your lows will balance out with the highs. And selling at a low doesn't help unless you move it into a stock which will see higher growth in the short and long term
I don’t believe y’all have seen a real bloodbath lol
Khamenei’s Compound entered the chat 🩸🛁
Pro
We are long overdue for a correction. Hope you have some dry powder in your non-retirement account so you can snap up some buys.
Don’t talk to me about small wobbles … anyone remember March 2020? And how you’re fine now if you didn’t panic and sell at 18,000? Yeah, that.
I could have bought a car with my losses.
Thank goodness I have 25+ years
You could have bought Decoy Therapeutics - went up over 1000% over the last 15 days.
Down less than I would expect tbh. Still up ytd.
Pro
Definitely down less than expected.
...SPY is down ~2% over the past week but flat over the past month 🤷♂️
1989 was a gut punch, 2008 was a doozie. HODL and buy smart.
Good timing, our employer contribution hits soon for A&M
‘Buy low’
Nah, changed my investment mix to capitalize some gains
This is what Agent Orange promised.
Anyone who’s indexing, so hopefully most of us
I too can buy a nice car with the loss in the brokerage account 🤣 but 401k’s alright
Isnt as bad as covid. 401k isnt down as much as my day trading account lol.
have you redefined "blood bath"?
i think my accounts are down about 3% from a week ago. sucks to have that dip when it really wasnt necessary,
my 401k still remains at a return of 18.7% yoy even with that 3% hit.
this feels fine to me.
if the volatility is impacting you, you should work to adjust your investment mix, get an advisor to run the money for you, and/or stop checking your account balance all the time. move at most month or better to quarterly, or bi-yearly just to make sure you remain on track.
i check mine about once or twice a week, but i dont get anxious about dips like at all.
I made my mom stop checking her balances about 20-25 years ago, because she would worry every time she lost even 5 bucks (retired for 14 years now). i manage her accounts. she is doing fine. and her mental health about the $$ improved dramatically once she stopped seeing the balance.
Mine’s ok, it dipped but nothing crazy
Pro
/nq over 25k, it's fine
Pro
It’s barely a dent, what do you mean bloodbath?
I'm slightly up overall. Changed my investment mix 6 months ago given how hot the market is. Only got 30% in the S&P. Maybe don't go all in on equities?