And since Virginia has off year elections it’s every year with us. Yay!
I thought the big fast food places would pick them up as meatless eating caught on.
That’s about an 11 on the irony-o-meter. Looking at what your 401k has done in the past <2 years is quite short term whining… er., thinking.
Mine is down considerably more than yours, but thinking long term (and having a pretty reasonable understanding of investing and stocks), it really doesn’t matter and it bothers me not at all.
It should bother you.
What the Fed did is absolutely insane.
How bad will this get?? I don’t know, but an absolute army of people can look the Fed in the eye and honestly say “I told ya so.”
Why should it bother me? I’m fairly well diversified, and understand that the stock market does not rise monotonically in the short-term. Even if I were to retire today, I have enough to ride out any stock market dip without touching my equity investments.
Because Bernanke-Yellen-Powell took the economy, and especially the stock market to a casino and bet the whole thing their risky scheme would work. . . only it didn’t
No it’s not. I have been tracking my IRA for more than 40 years. I know when it is on a downward trend and when it is not.
As you may surmise from that, I am old. I don’t have another 40 years for my fund to be restored.
I’m out. Not going in except maybe a quick short for a while…
What are you in that is down that much? If you don’t mind sharing.
Huh? ………
I don’t know specifically. It’s in several managed funds, both foreign and domestic and includes bonds and commercial real estate. It is considered a low risk portfolio (because I’m old) but has performed at around 8% or better for the last 12 or so years (except for the short-lived Covid dip in 2020) … before the Biden effect.
I would post you a graph if it was not a public forum.
Huh what? Was that not clear?
Where were you in 1997?
The Hong Kong stock exchange (which lists stocks mostly from Hong Kong and China but also from many Asian nations) is . . . well it’s . . . not doing very well.
(Chart below not adjusted for inflation. Inflation-adjusted returns would be . . . ummm, worse.)
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“But hey, as long as you’re a long term investor right???”
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The popular QQQ is basically a basket of tech stocks, especially the Big tech.
It’s value is down 12.5% since Jan 2021. Very recently down15%.
$120,000 is 15% of $800,000
Seniors are not usually invested heavily in tech, but young or old, yeah these are tough times for “tech.”
No, it’s not clear. You said 'since biden came to office. But I think you mean ‘down from the highs.’
Which is obviously not the same thing.
It is not AT ALL difficult to imagine a tech investor down 12-15% since inauguration day.
QQQ (tech-heavy, but not exclusively tech) is in fact down 12-15% since inauguration day.
Being down 12-15% since inauguration day is not unusual for tech investors. In fact it is the norm.
If there is anything difficult to imagine about Samm’s statement it is only
“Why would a senior stay invested in tech all this time?”
He said he’s in safe stuff.
His clarification indicates he is not down since Biden took office, but rather, down since the highs.
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How are you doing compared to when Biden took office?
Probably about the same as me which is meh but not down.
Give it a rest. Even if you didn’t understand, it’s clear to you now, is it not?
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I did not say that either. I said it was considered a “low-risk portfolio” … in the opinion of my financial advisor who I have been with for thirty years or so … who has done very well by me, even through the 2008 financial crisis.
Quit fussing about when the market was high vs. when Biden was inaugurated. It took him only four months to cause the economy that had been growing steadily since the Covid economic crisis in the spring 2020, to begin to flounder and only eight more months to head it south. The economy is his … He owns it (and so do you in that he is “your guy,”)
