I'm so confused...My college roommate used to tell me "live in the now"
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- Thread starter Warstud
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I was kidding about your friend BUT we had a guy freshman year who said both those statements. I think he ended up on Wall Street
To quote the Wicked Witch of the West, “These things must be done delicately “
Over what period?
What is the total value of your portfolio?
How long until retirement?
$12,000 as a number is meaningless. It's noise in a $5 million portfolio, but it could be half of what you have, so, there is no way to answer without context.
If you're down a significant % today - then, yeah, you have a fool running your portfolio.
If $12,000 is half of your portfolio, then, yeah, you should be concerned.
If you're retiring next week, then, maybe it makes a difference, depending on the answers above.
Can you do anything about it even if you should be concerned? My wife's 403b is just there. She can add to it - and take it out some day. The state's "advisor" decides on the mix. I don't think there is anything she can do about the mix and what not?
Folks - This thread is about investing, not politics. We can discuss economic policy, but discussing the individual is clearly crossing the line. Knock off the political posts, I have had to moderate half a dozen.
No.
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12k over the past few weeks. Was at $100k. I'm 31 years old so not retiring soon and put in about 12% of my checks and get 4% match from employer.
If you have anywhere near $100K at 31 your doing very well. The most excellent news is if the market goes down you get to dollar cost average in at a lower rate. There is absolutely no reason to worry about any of it at your age. Just keep contributing and getting that match!
Then, in that case, I would not worry about it.
You're down less than the market overall, which is down about 15% for the year (excluding today, the single biggest day of gains I have ever seen) and, as I said in an earlier post, the market dislikes uncertainty, and I think we're in for more of a correction. That means more down days are coming.
The market is up about 6% year over year. Down about 7% for this year, after today's gains of about 9%.
It's been a wild ride, so keep dollar cost averaging and don't worry about it.
In 2008, the market was down nearly 50% - we have a long way to go before we hit that kind of turbulence, and you see those kinds of losses (over $50K on your portfolio).
Those who bailed in 2008 when it got rough got burned, and badly.
Those who did nothing in 2008, recovered nicely.
Those who bought in 2008 when everyone else was panicking did very, very well.
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Thank you. I'm not well educated on investment stuff. I'm good at other things though
Seems a lot of people listened.
You have another 30+ years, give or take to work. Times like the past few days are the times you should be holding your gut and buying even more. Sit tight you'll have plenty more opportunities to buy in the not so distant future.
Put more in. All of it.
The real question for today and the market was who knew the tariffs were going to be walked back before they were walked back? That was pure market manipulation and I'm sure family and friends of those in the know made a killing today. Just another grift!
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