I took a pretty bad hit last quarter, I'll bet next quarter
won't be any better. I think I need to find a financial planner.

quote:

Originally posted by Schmelby:
I took a pretty bad hit last quarter, I'll bet next quarter
won't be any better. I think I need to find a financial planner.

Terrible just like everyone else’s. What we have invested with our financial planner is losing less. In it for the long game so I don’t really sweat it right now.

With a balanced portfolio I believe there has only been one time in history where you would have less money over a 5 year time period so unless you are retiring soon I wouldn’t worry about it. I try to tell myself we’re buying cheaper right now.

Down about 12% since the first of the year. Three sectors that have made money are Utilities, Energy and global resources. In the past 12 months the portfolio is down about 3.5%.

Mine is doing just fine got out of the stock market last September.

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run....Kenny Rogers

Brutal. Down 50K in last 3 months.

quote:

Originally posted by frayedends:
Brutal. Down 50K in last 3 months.

Damn! I feel sorry for you. You took a worse hit than me.

It ain't over yet. Those .50 interest rate hikes are economy killers.

401K down 25% $54K
529 plans down 12% and daughter starts college in fall
Stock funds down 25%
Crypto fund down 45%
Home value up 25%
Rental duplex up 30%
Rental single family up 30%

Well for those of us that have 401, 403, 457, & ETC through work we are limited to choices of what your plan/company offers and your risk tolerance. Not a financial adviser, so at this point we/you are along for the ride. If you start moving stuff around now you are confirming your loss now. Historically the market has come back. With contributions going in 1 or 2 times a month it's impossible to time the market. Me, I'm sticking to my allocations and ridding it out with a retirement date of 3/1/28 same for wife. Hray

lost $3300 last week alone. and thats with a national 401k life insurance company.

Abysmal. Down ~ $75k so far. Thanks Pedo Joe you @#$%^&!

Mines right at the amount it was when Trump had the election stolen from him. The next day I moved it all from the market to a retirement savings trust. Actually it gained a few bucks on interest.

No idea. I’m only 50 so it’s not time to watch it like a hawk.

I retired April 29. I’m not going to even look!

I have a financial planner and research the funds as well, the entire market is down right now. We were long overdue for a correction. Stocks are on sale, time to buy more. I'm down ~$55,000 right now.

Ugly. I am not looking at it anymore. I still have 15 years before retirement so I will be riding it out.

Down about 12%. Retired 12/31/2020 and this crap isn't making me happy. Just going to have to ride it out.

IRA Down about eleven percent since slow joe & the ho took office. Sadly, I don't think we've seen the bottom yet.

This message has been edited. Last edited by: vinnybass,

My 401Ks were all converted to IRAs but it's more or less the same for the purposes of this discussion.

They're down, all of them, but they'll be back in the long run. No worries.

quote:

Originally posted by Flash-LB:
My 401Ks were all converted to IRAs but it's more or less the same for the purposes of this discussion.

They're down, all of them, but they'll be back in the long run. No worries.

I'm in the exact same position.