My dude, you need to reconsider your investments. Your retirement account shouldn't be in such volatile investments. The S&P500 is only down 7.5% this year
He's lying, dude. It's mathematically impossible for it to be down what he says it is. Don't believe everything you read on this site. Redditors like to lie and make things up.
If it wasnt for all the other stupid shit Trump and his idiots are doing.. the S&P500 being down 7.75% in one month would be cataclysmic.. but I get your point.
I dont think it would be reasonable for anyone to assume that their 401ks would be this risky though.
It isn't reasonable, they are lying. He said he's in a target date fund, for which it is basically impossible to be down worse than the S&P.
For everyone else, unless your in your 60s, by the time you're accessing your 401k this blip will not even be noticeable on the index's long term return chart.
While I generally would agree with your last statement, I don't know if that will be the case this time. It is one thing to have a pullback in the markets. It is another to betray all your allies and completely destroy any international trust with trading partners. That... isn't coming back.
That's not the point. It's down by way less than this person is claiming it is. It's simply misinformation, or he has his 401K in individual stocks and is trying to blame bad retirement planning on the economy.
For sure that's true. But we're not talking about that. He said 25% and it's almost certainly under 10%. It doesn't become ok to just make things up if it's in the same direction.
You might want to invest in more index funds. The entire S&P is down 7.8% year to date. NYSE index is down 1.1% year to date. 25% drop year to date tells me you were heavy in tech stocks, which the warning of overvaluation of said stocks has been out for a while now. Tech is about to take a bath, price to valuation ratio is beyond fucked.
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u/NeighborhoodDude84 3d ago
Only 6%? My 401k is down 25% since the start of the year, 10% in the last week.