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Posted: 1/19/2022 9:40:11 AM EDT
[#1]
OP nails it
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Posted: 1/19/2022 9:40:55 AM EDT
[#2]
Quote HistoryQuoted: I try not to let it bother me, but it's really starting to piss me off. This! Just makes me want to slap the shit out of every democrat. I never messed with it, I used to just log in and look to see the growth, now I have stopped looking at it. Hopefully it is a long game and plays out well in a few years. Thanks Brandon! |
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Posted: 1/19/2022 9:41:10 AM EDT
[#3]
Quote HistoryQuoted: Change in Market Value-$27,493.67 Since 01 Jan... not even height of Covid hit it this bad, this quickly Interesting quandary, joined the "Great Resignation" Q4 and walked away fro ma 20 year career with a huge multi-national (and don't regret for a sec). So very large 401K is in limbo and haven't decided what to do yet. What exactly are you invested in when one of if not THE largest drops in market history didn't hit you as bad as this is hitting you? |
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Posted: 1/19/2022 9:42:17 AM EDT
[#4]
Quote HistoryQuoted: Boomers have short memories and millennials have no memories of the last recession Cannot wait for a hard correction to level out double digit returns and get asset pricing back to growth averages What do you think is causing the millennial amnesia? The millennials I work with who graduated college in the midst of 2008 certainly remember that and have been living with the positive and negative outcomes from it for the last 13ish years. |
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Posted: 1/19/2022 9:45:18 AM EDT
[#5]
Quote HistoryQuoted: But how much did you lose? Unless you were maxing out a 401k at 19 years old it won’t compare to the pain coming up in the next correction. Quote HistoryQuoted: Quoted: Quoted: Quoted: People have such short memories. It goes up.....and it goes down. Boomers have short memories and millennials have no memories of the last recession Cannot wait for a hard correction to level out double digit returns and get asset pricing back to growth averages I’m a millennial. I remember the last two recessions vividly. Pain is coming for this “not a bubble” economy. But how much did you lose? Unless you were maxing out a 401k at 19 years old it won’t compare to the pain coming up in the next correction. I survived multiple rounds of layoffs as investment income cratered for my company. 401k wasn’t top of mind, being without a job was. That’s the real pain. The market is more than just 401ks. |
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Posted: 1/19/2022 9:45:41 AM EDT
[#6]
Quote HistoryQuoted: Trump: One of the best Presidents if not the best President ever. Trump puts the American people first. Trump loves the USA. Brandon: POS Fuck Joe Brandon! |
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Posted: 1/19/2022 9:46:16 AM EDT
[#7]
Quote HistoryQuoted: Oh and in before the converted to cash guys. That's the smart move with inflation, right????  |
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Posted: 1/19/2022 9:46:43 AM EDT
[#8]
FJB but it’s not even the end of January and the doombirds are crowing about 2022, just like they have done every year I’ve been on this site.
Invest smart, think of the long term, not the daily ups and downs. Quit listening to doomers. |
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Posted: 1/19/2022 9:48:55 AM EDT
[#9]
Quoted: FJB The S&P under Joe Biden in a single year is up 18%.  Markets rise and markets fall. Attributing emotion to them is a fools errand. |
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Posted: 1/19/2022 9:49:23 AM EDT
[#10]
I'm down over $200k for the year... ouch. At least I have a long way to go before retirement. |
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Posted: 1/19/2022 9:51:22 AM EDT
[#11]
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Posted: 1/19/2022 9:51:30 AM EDT
[#12]
Quote HistoryQuoted: I moved all my retirement accounts out of the. market and into money market accounts. I'll miss out on any potential gains, but my principal is safe(r) Been buying gold and silver also. They are always the last to move, so they are on sale right now. I spoke with my account manager and he expects several sales and corrections this year due to rate hikes. He said to keep any monthly contributions I would make in my cash account to buy any sales. Otherwise I’ve kept my accounts as is. I too have also been buying gold and silver. |
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Posted: 1/19/2022 9:58:59 AM EDT
[#13]
Quote HistoryQuoted: 401 losses for yesterday.  https://www.ar15.com/media/mediaFiles/59505/Capture2_JPG-2245778.JPG -$52k yesterday... 
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Posted: 1/19/2022 9:59:41 AM EDT
[#14]
Quoted: FJB Yup, FJB |
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Posted: 1/19/2022 10:03:41 AM EDT
[#15]
For those turning 65 this year, it sucks! for me it has no relevance. I don't even look at the statement.
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Posted: 1/19/2022 10:03:50 AM EDT
[#16]
Quote HistoryQuoted: I spoke with my account manager and he expects several sales and corrections this year due to rate hikes. He said to keep any monthly contributions I would make in my cash account to buy any sales. Otherwise I’ve kept my accounts as is. I too have also been buying gold and silver. Wow. Sounds like he isn't concerned about inflation. Can't say I share that approach. |
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Posted: 1/19/2022 10:04:57 AM EDT
[#17]
Quote HistoryQuoted: -$52k yesterday... 
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Posted: 1/19/2022 10:05:53 AM EDT
[#18]
Quote HistoryQuoted: For those turning 65 this year, it sucks! for me it has no relevance. I don't even look at the statement. If you're turning 65 this year, your market exposure shouldn't be such that you can be harmed by it. If you're playing catch up at 65 because you choose poorly in recent decades and failed to make money during the greatest bull market in American history, blaming Joe Biden for that sounds completely on-brand but is foolish. |
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Posted: 1/19/2022 10:09:15 AM EDT
[#19]
Quote HistoryQuoted: Boomers have short memories and millennials have no memories of the last recession Cannot wait for a hard correction to level out double digit returns and get asset pricing back to growth averages Quote HistoryQuoted: Quoted: People have such short memories. It goes up.....and it goes down. Boomers have short memories and millennials have no memories of the last recession Cannot wait for a hard correction to level out double digit returns and get asset pricing back to growth averages Born in 83, don't remember the early 2000's crash all that well as I wasn't really working then outside of flipping burgers. I remember the 08 crash and the 8 shitty years of Obama. Edit: I also fucked up early on and only in the last 3 years or so have gotten serious about saving for retirement. I have parents who suck ass with money and never knew nor taught jack shit about saving or investing. My dad died this past Feb pretty much penniless. I hope to not follow in those footsteps, but it ain't looking good. Having a wife that is completely ignorant in finances isn't helpful either. |
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Posted: 1/19/2022 10:10:53 AM EDT
[#20]
Quote HistoryQuoted: Wow. Sounds like he isn't concerned about inflation. Can't say I share that approach. Quote HistoryQuoted: Quoted: I spoke with my account manager and he expects several sales and corrections this year due to rate hikes. He said to keep any monthly contributions I would make in my cash account to buy any sales. Otherwise I’ve kept my accounts as is. I too have also been buying gold and silver. Wow. Sounds like he isn't concerned about inflation. Can't say I share that approach. Rate hikes in theory would slow inflation. I don’t think Volcker 2.0 is out there though. |
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Posted: 1/19/2022 10:11:51 AM EDT
[#21]
Good, keep going down so I can buy in cheap, I've got 20 years left
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Posted: 1/19/2022 10:12:39 AM EDT
[#22]
I don’t have the stomach for this shit. I got nervous the first of the year and took half my Roth out. Made it just in time cuz it dropped right after. I paid everything off and goin on vacation. I have no grand illusions of retirement anyway.
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Posted: 1/19/2022 10:19:51 AM EDT
[#23]
Quote HistoryQuoted: When life gives you lemons you make lemonade. Stocks are on sale. If you have 5 to 10 years to retire buy all you can now. If your going to retire in less than 5 years move to bonds. I'm afraid it's going to get ugly in the next 3 years. Quote HistoryQuoted: Quoted: Long term game..my TSP C and S funds are buying a ton more shares at a lower price.  When life gives you lemons you make lemonade. Stocks are on sale. If you have 5 to 10 years to retire buy all you can now. If your going to retire in less than 5 years move to bonds. I'm afraid it's going to get ugly in the next 3 years. I have 25yrs left...Ill be buying hard over the next 5-10 yrs |
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Posted: 1/19/2022 10:25:46 AM EDT
[#24]
I had a review with my wealth manager yeserday. We laughed about how the market was "tanking". I told her I wasn't worried until she called me in a panic.
She showed me a couple of articles from smart people she follows that expect the Dow to be 40k+ by year's end. |
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Posted: 1/19/2022 10:26:52 AM EDT
[#25]
Quote HistoryQuoted: Trump: One of the best Presidents if not the best President ever. Trump puts the American people first. Trump loves the USA. Brandon: POS This. |
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Posted: 1/19/2022 10:29:59 AM EDT
[#26]
Quote HistoryQuoted: I don’t have the stomach for this shit. I got nervous the first of the year and took half my Roth out. Made it just in time cuz it dropped right after. I paid everything off and goin on vacation. I have no grand illusions of retirement anyway. One of my wealthiest customers we did work for said to me "When the market is down....just don't look at it for awhile". He was doing really well and had an early retirement, so I'm guessing he knew what he was talking about, just let it ride and keep putting money in. |
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Posted: 1/19/2022 10:36:44 AM EDT
[#27]
I am one of those that jumped to cash right before the first of the year. It killed me to do it, because with inflation I KNEW I was baking a loss into the cake. I was really active on several threads on hear talking about this for the last month or so, even started a couple. Right now, lol I am gambling with a little bit (but the bulk of my money is in cash, and I really wish there was someplace I felt safe to park it to get some return), just playing around on high risk stuff, but might even quit with that. I think things are soon to go on sale.... stretch the charts out and draw a line from the dot com bottom, through the 08 bottom forward to today and see where that is in relation to today's prices. So I think the real sale on stocks in yet to come, I can't wait... lol longer it takes the more I loose to inflation while I wait.
God I feel like a fool... hope this isn't a screw up... But I did feel better when I calculated how much I would have lost yesterday, felt good to be in cash.
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Posted: 1/19/2022 10:37:19 AM EDT
[#28]
Quote HistoryQuoted: Just keep funding your 401k and buying stocks. This is the time to pick up stuff on sale. I'm going to max my 401k again this year and probably divide any extra money between Crypto and stocks. I just bumped mine up as well….I have 8 years till I retire so I am buying what I can |
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Posted: 1/19/2022 10:49:39 AM EDT
[#29]
Quote HistoryQuoted: I moved all my retirement accounts out of the. market and into money market accounts. I'll miss out on any potential gains, but my principal is safe(r) Been buying gold and silver also. They are always the last to move, so they are on sale right now. So you are retired already or have another 30 years of working? |
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Posted: 1/19/2022 10:50:03 AM EDT
[#30]
Quote HistoryQuoted: One of my wealthiest customers we did work for said to me "When the market is down....just don't look at it for awhile". He was doing really well and had an early retirement, so I'm guessing he knew what he was talking about, just let it ride and keep putting money in. Quote HistoryQuoted: Quoted: I don’t have the stomach for this shit. I got nervous the first of the year and took half my Roth out. Made it just in time cuz it dropped right after. I paid everything off and goin on vacation. I have no grand illusions of retirement anyway. One of my wealthiest customers we did work for said to me "When the market is down....just don't look at it for awhile". He was doing really well and had an early retirement, so I'm guessing he knew what he was talking about, just let it ride and keep putting money in. Yeah, Consider for a minute: The more money you have, the more you can afford to lose. That wealthy person could wake up tomorrow with his total net worth cut in half. His life would be completely unchanged. It’s easy to be serene when you’re at that point. |
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Posted: 1/19/2022 10:51:15 AM EDT
[#31]
I'm in my early 30's so I'm viewing this as a buying opportunity. For people nearing retirement it's a different story entirely. As always, FJB.
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Posted: 1/19/2022 11:00:02 AM EDT
[#32]
Quote HistoryQuoted: I had a review with my wealth manager yeserday. We laughed about how the market was "tanking". I told her I wasn't worried until she called me in a panic. She showed me a couple of articles from smart people she follows that expect the Dow to be 40k+ by year's end. I remember when this book hit the news.  Attached File |
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Posted: 1/19/2022 11:16:08 AM EDT
[#33]
With the shit that's going on now? This is not a correction, this is a slow-burn. Think about the whole picture - politics, massive spending, inflation. This is not what we experienced in the 70's and in 2008ish.
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Posted: 1/19/2022 11:25:53 AM EDT
[#34]
OP, if you think January 2022 is bleeding, you might want to consider your risk tolerance.
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Posted: 1/19/2022 11:26:49 AM EDT
[#35]
Either the 401k will go back up eventually, or money won't matter anyway. Those are really the only two possible outcomes.
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Posted: 1/19/2022 11:27:50 AM EDT
[#36]
New all time highs will be reached this year.
You don't want to miss out by staying in cash |
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Posted: 1/19/2022 11:29:53 AM EDT
[#37]
So much money being pumped into the economy. It eventually has to go somewhere. Look at any index chart and expand out to 5 years and see where we are. The last 18 months not even really a blip.
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Posted: 1/19/2022 11:29:57 AM EDT
[#38]
And my brokerage is hemorrhaging worse
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Posted: 1/19/2022 11:30:00 AM EDT
[#39]
If you don’t need the money for 5-10 years you should be ecstatic when it goes down. Just keep buying as much as you can. And then buy more.
I think folks are used to 15-20% annual returns. That’s not going to happen every year. It has been an awesome 5 years. Hopefully it keeps doing 20% annually. |
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Posted: 1/19/2022 11:30:31 AM EDT
[#40]
Quote HistoryQuoted: New a time highs will be reached this year. You don't want to miss out by staying in cash Username makes me cautious of following sound advice. |
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Posted: 1/19/2022 11:32:44 AM EDT
[#41]
Quote HistoryQuoted: this.... its amazing how stagnant the Market was. toward the end of Obama, it really couldn't take it anymore and had to start making some progress. then magically...when T$ got into office it took off. Quote HistoryQuoted: Quoted: Reminds of the wonder years with the Zero in charge. One up day followed by three down days. Went on for years. this.... its amazing how stagnant the Market was. toward the end of Obama, it really couldn't take it anymore and had to start making some progress. then magically...when T$ got into office it took off. When it did take off jugears tried to take credit for it, lying POS. I'm down over 6 figures across the board, I'm about ready to retire so I'm none too happy about it. 
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Posted: 1/19/2022 11:33:54 AM EDT
[#42]
Quote HistoryQuoted: New all time highs will be reached this year. You don't want to miss out by staying in cash  Attached File |
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Posted: 1/19/2022 11:34:36 AM EDT
[#43]
Yep same. Everything's moving sideways or down in my retirement funds.
Fuck liberals |
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Posted: 1/19/2022 11:35:08 AM EDT
[#44]
Quote HistoryQuoted: Either the 401k will go back up eventually, or money won't matter anyway. Those are really the only two possible outcomes. This!!! If the "general" trend of the market is not upward, then the entire system has gone bust. |
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Posted: 1/19/2022 11:36:09 AM EDT
[#45]
Down 26K YTD Traditional and Roth. Still ahead for 6 month and 1 year.
I'm retired, and it's fixed income nailing me right now. Considering selling one of the bond funds and putting it in SWPPX. |
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Posted: 1/19/2022 11:39:51 AM EDT
[#46]
Quote HistoryQuoted: If you're turning 65 this year, your market exposure shouldn't be such that you can be harmed by it. If you're playing catch up at 65 because you choose poorly in recent decades and failed to make money during the greatest bull market in American history, blaming Joe Biden for that sounds completely on-brand but is foolish. I think the biggest Bull market in history is yet to come, and I want my money in the market to enjoy that increase in value. (hopefully real value, not just dollar-denominated value, but it's got to beat holding cash in the long run) If I'm wrong and the market is on a one-way trip down the drain.... I don't think American dollars are going to be worth much of anything anyways I guess I'm a weird mix of confident and fatalistic |
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Posted: 1/19/2022 11:41:52 AM EDT
[#47]
I'm not retiring for another 25 years. Who cares?
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Posted: 1/19/2022 11:49:03 AM EDT
[#48]
holy shit, the Sp500 is down 5% YTD after a 26% run in 2021 and you all are bitching about the start to this year?
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Posted: 1/19/2022 11:53:02 AM EDT
[#49]
Quote HistoryQuoted: holy shit, the Sp500 is down 5% YTD after a 26% run in 2021 and you all are bitching about the start to this year? I want down 20-30% dammit!!! |
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Posted: 1/19/2022 11:54:23 AM EDT
[#50]
Quote HistoryQuoted: I want down 20-30% dammit!!! Quote HistoryQuoted: Quoted: holy shit, the Sp500 is down 5% YTD after a 26% run in 2021 and you all are bitching about the start to this year? I want down 20-30% dammit!!! lol....I'd be suprised if it got crushed that much, the numbers out today were really good. also, we are having quite the rally in energy |
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