Can we stop saying "My 401K lost $XZY"?
- Thread starter notlongago
- Start date
Hell, I’m 59 and a little worried. Not a lot worried, but only because I’m not retiring tomorrow……but there will come a day!
If you are 68 and you haven’t diversified into bonds, you are doing it wrong.
Tell me you’re bad at math and the cyclical nature of the market without telling me you’re bad at math and the cyclical nature of the market.
I bet you’re the guy who poops his pants and calls his advisor when the market drops 500 points.
That said, if you’re in a position where you lose 1/3 of your retirement in a few months of market swings happens and you’re 68…well, you or your advisor SUCKS! I didn’t want to go that deep with the shit for brains that elicited my first response because there’s no way he had the capacity to think that deep. But maybe you’re capable.
Still blaming this admin huh? Odd stance.
Plenty of reasons to dislike this admin ( and I do), but this ain't one.
On the contrary, this thread is full of people who agree with my position.
"...be greedy when others are fearful"...If you take umbrage with that, your arrogance and ignorance is next level.
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Did I somewhere, or is this you trying to create a narrative that you can argue on?
"Looks like no one wants your sage advice". Again, it's not "my" advice - it's the advice of the best financial minds out there. If you disagree, your arrogance and/or ignorance need adjusting.
Once again, your sage advice (perhaps I should have said "enlightened opinion") is in the OP. You are whining about people speaking to the value of their retirement account(s) in a given moment. Thats all I have spoken to, that and your incorrect use of an idiom.
And AGAIN, you have moved the goal posts as if I am arguing with you about buying low. You started this entire discussion about you wanting to rant about people commenting about the value at a given time. Everyone else seems to understand what people mean when they comment on the value of the accounts. What seems to need to be adjusted is your overly pedantic and presumptive nature.
Perhaps evaluate YOUR arrogance?
Once again (3rd time now): it's not my opinion or advice. It's the advice of the brightest financial minds that I'm merely parroting. It's also a fact you don't lose any money until you liquidate your holdings. So all people saying "I lost $xyz" are wrong. Hence the entire point of the rant thread.Once again, your sage advice (perhaps I should have said "enlightened opinion") is in the OP. You are whining about people speaking to the value of their retirement account(s) in a given moment. Thats all I have spoken to, that and your incorrect use of an idiom.
And AGAIN, you have moved the goal posts as if I am arguing with you about buying low. You started this entire discussion about you wanting to rant about people commenting about the value at a given time. Everyone else seems to understand what people mean when they comment on the value of the accounts. What seems to need to be adjusted is your overly pedantic and presumptive nature.
Perhaps evaluate YOUR arrogance?
You’re supposed to do that, but the past 5-10 years have been a really shitty time to diversify into bonds. The guy who didn’t diversify is likely beating the guy who did, by a lot, despite the pullback.
Strangely though TLT has dropped even more than SPY so far this year, from about 150 to 103. I just looked it up out of curiosity. Bonds might be a good buy especially if we get a more severe recession.
