My current ROR on my 401k is -12.97% 🙃🙃. I know rates are pretty bad now, but is this lower than y'all? And any advice on how I can learn about investing wisely for my 401k?

like
Posting as :
works at
You are currently posting as works at

My advice is to set your 401k to a target date fund or a plain index stock fund (find the cheapest option) and not look at the performance more than once per year. It’s money you shouldn’t need until retirement, and a lot can happen in markets in the span of decades — but the money will grow over time. Best not to get caught up in the ups and downs. Hope this is helpful.

likehelpfulsmart

Mine is down 24%. I am very aggressive in large cap, mid and small cap. Just view it as an opportunity when you put more in that you’re buying at a bigger discount. I look forward to down markets

likehelpful

Thanks. That's good to know. I work at a mid cap fintech company and I agree that they're growing quickly

like

Mine is down about the same. Target fund. Inhale, exhale, think long term.

likefunny

Find and asset allocation model in line with your risk tolerance and don’t look at it.

like

Part of me feels like this time this correction is something else ... slow drips down , with little teases of up days and new recent lows . Something feels off. I am glad I have a decent amount of cash .

funny

I’m 401k down 27%. My brokerage down 50%. My crypto down 36%. My expense up 18%. I’m just riding it out. Total unrealized loss of 200K at 22 y/o (worked my ass off in college - paid it all myself with scholarships and work). So honestly, you should really just chill and keep averaging.

likehelpful

Sam sitch with half the portfolio size and I’m unemployed, :(

like

Yep ⬆️⬆️⬆️ make sure you have scheduled some automatic buys into assets that make sense for your horizon and lock yourself out of your account for a while or lose your password or something.

smart

Work with an advisor or just buy into some target fund date which will naturally de risk itself over time. Volatility is normal, take advantage when market falls and buy more, it will only benefit you long term.

helpful

13% isn’t fun but it could be a lot worse

helpful

I wouldn't worry a bit unless you're retiring soon. Those aren't your prices; they are conveniently printed for those interested in selling today. Yours haven't been printed yet.

uplifting

Thank you all for the tips! I appreciate it!

Related Posts

Anyone use robo-advisors for investing? Trying to see if there are any that offer trade by trade consent due to independence requirements. Also not sure if they are worth the fee they charge.

like

Asking opinions on the benefits on contract jobs with possibility of full time

Hoping to have a conversation with my dentist’s business manager spouse tomorrow about their 401k. They haven’t priced their plan in 15 years. What documents do I need to ask for to do the research?

Best coins to invest in the sub $1 price?

How is Aster DM Healthcare ?

like

Investment rookie here 👋. Thinking of working with a private client banker and putting $ into a mutual fund to invest in call options. Thoughts on that please and also if this is very risky or a good strategy? I believe they would earn a % of any gains

like

Does anyone use the Alight Smart Connect FSA at your firm? My client is struggling with them- apparently their FSA MasterCard has a majority of transactions declined, even co-pays, unless it is at a national company like CVS or Walgreens. Curious if anyone else has the same experience or if this is potentially a setup issue.

like

I was expecting my final EY Pay today but it didn’t get deposited. However, I did have an attempted FedEx signature required delivery yesterday. Do you think that is my final check?

Anyone made redundant noticed their P45 tax code as 0T? What to do to change it to 1250L? Started a new job and ended up paying more tax as they have used 0T as the code from the P45.

Hi folks, on topic question

Anyone using KOTAK Credit card, can you pls help me know the bill generation date and the due date for kotak credit card?

New to kotak banking ... !

like

What is the CPA policy at A&M? Required at certain levels for promo? Reimbursement of fees to license etc?

like

Have an offer from Accenture and am curious about things like: phone/tech reimbursement, what is expensable for team dinners/mentoring coachees, gym subsidies/healthy rewards

like

Best option for old pension? Cant roll it into current 401k, and don’t want to roll it into a TIRA because it will cause pro-rata issues when doing backdoor roth for the year. Any other options?

like

When’s a good time to leave PA? An opportunity to join as a senior accountant for one of the top publicly traded companies just came my way and I’m a first year senior. Debating on whether or not to take it. Pay is close to six figures in the pacific north west - close to a 30% pay bump for me and great benefits.

like

I’ve gotten emails lately talking about how we are hiring at Accenture and asking us to tap into our networks, so figured I’d post on here. Needs being called out can be seen in the picture. I can’t promise I’ll respond to everything but if anyone wants a referral feel free to reach out. Also, I work in healthcare and I’ve gotten separate emails from leadership about how we need to hire more people there too.

Post Photo
likesmartfunny

Has anyone successfully gotten your annual credit card fee waived?

like

Does the company provide fringe benefits?

like

Got the call from an AD - DJ41 blue dial, jubilee, smooth bezel - no purchase history. I’m not in love with the smooth bezel and put in an offer on a house 2 days ago so I’m just not in a position for this, aside from the fact that I don’t love the smooth bezel. Also have my name down for OP and sub. Is turning this down going to decrease my chances of getting another call later on down the line?

like

Current care coordinator and full time nursing student looking for a remote healthcare job that pays well and is flexible for students…any suggestions?

Can someone share some insight into Deloitte’s pension plan... % contribution and/ or match , vesting years , eligibility, etc

like

More Posts

I want out of advertising. I can't even begin to figure out where to start, this has been my whole life and career for almost 20 years. I'm damn good at it, it pays well, but it's a grind and I hate being a part of an ultra-capitalist machine. Basically, it ain't fun anymore. Anyone else find good ways to pivot the skills out of industry? What kinds of things did you consider when planning to pivot to a second act?

likeuplifting

Hi Fishes,

I am looking for job opportunities in the role of data science/decision science/model development in Mumbai. Currently working with AMEX with 1 yr of relevant YOE. Please DM with office email IDs for referrals or suggest suitable companies that might be hiring

like

During class do you have students do their writing assignments on paper or on google classroom or another online app?

likehelpful

Helping a friend case prep for McKinsey digital - are their cases different? I am only familiar with the generalist first and final round cases

like

Which company is providing permanent wfh?

like

Which is a better career option, CFA or FRM? Is FRM harder than CFA?

like

What impact has the prestige of your school had on your career?

like

Hey there ME fishes!
Looking to move to ME from D S&O US - finance and restructuring. Are any of the big shops (T1 & T2) recruiting in the region right now?
I reckon there’d be restructuring opportunities given the market situation right now...
Cheers!

like

I'm changing location with my current company. Role and responsibilities doesn't change, the only change is my base location. I have an approved i-140, should I go through the entire process of filing Perm? What's the process wrt I-140? Thanks.

like

Best places to catch local bands? Preferably for smaller/more affordable shows.

like

Anyone willing to refer? Looking to exit industry? Location constraint: Bangalore, India.

like

Experience a lot of downtime because I deal with massive amounts of data and need to constantly filter and delete records that are not relevant. Is there a workaround for this?

like

What determines whether a lateral hire applying for an entry level gets an interview and/or gets an offer? I know that you need to get a referral and do well in the interviews, but is there more to it?

like

Dear All, Need your likes to unlock DM... Please like and help!

Thank in advance!

like

Is negotiating offers the norm now? I’ve been at my company awhile and at the time I was hired they said they don’t do negotiations, take it or leave it and they’d offer the next person. I do believe we renegotiate now, however I’m not sure if it’s the rule, the exception, or somewhere in the middle?

like

Eid Mubarak fam

Post Photo
like

Heading to Montreal this weekend with my SO - any must do bars, restaurants, cultural experiences? Also, any good dinner spots on the way up?

likesmart

What would you say is the definitive cab list is?

like

Bit of a niche game, but has anyone played SNOW? Only just got a machine capable of playing it, and it's surprisingly fun. I'm wondering what multiplayer is like

like

Did anyone else get selected as part of the Total Wine lottery?

Post Photo
like

Additional Posts in Finance

D.C. Metro area buy side opportunities. Suggestions or help much appreciated.

like

I think my roommates have forgotten that I exist.

like

Has anyone recently interviewed for ADIA’s Private Equity Team? How was the process? What was the culture of team like?

like

Would you consider Elon Musk African American?

like

Best self-help books on the market? I've been consistently unhappy lately. Something needs to change.

like

Fav SF brunch spots?

like

Do you have any advice on study materials for a fixed income analyst role? My partner is trying to switch to banking and I would really appreciate any advice

like

Diversity recruits - do you ever feel "less than" because of the erroneous assumption that you didn't get to where you are based on merit? I'm over always having to prove myself.

like

How much do technology managers at Wells Fargo Charlotte make? Total compensation range? Wells Fargo

like

"Thank you for joining Citi audio conferencing services."

like

What's your morning routine as far as information is concerned? What shows do you watch? What do you listen to you? Etc.

like

It still amazes me how many people STILL don't use spell check. It's such a simple thing that can avoid so much embarrassment.

like

Everyone around me is having some degree of existential crisis and I'm over here like 🤑😍😎

like

Just got contacted by a headhunter re a corp dev position. The comp is better than I expected. Really hoping for this one. Wish me luck!

like