How much is your 401k down?

Quote

anonymous said:
hey lame cochise...

I know your future deli boy cuz I was once you...Thought I had the world beat with my hot shot 100k a year job and loving the fact I had "nothing to do" so many days of the week...

When it all comes crashing down on you when you least expect it, remember your smug arrogance...

You are so fuck#d and you don't even know it yet...
Click to expand...
You were never me. Let's get straight. You are not a rep. You are some science person who is bitter because because you make less money than reps. You should make less money. That is how the world works. You don't seem to get it. You picked the wrong career path. Don't blame me because you don't work out, have a bad family life, fat partner, bad social skills, or anything else. I hate to break it to you. I'm not f'ed. Seems you are. Don't blame others for your misery. The only thing crashing is you.
 



anonymous said:
You were never me. Let's get straight. You are not a rep. You are some science person who is bitter because because you make less money than reps. You should make less money. That is how the world works. You don't seem to get it. You picked the wrong career path. Don't blame me because you don't work out, have a bad family life, fat partner, bad social skills, or anything else. I hate to break it to you. I'm not f'ed. Seems you are. Don't blame others for your misery. The only thing crashing is you.
Click to expand...

You will be fired or furloughed soon too big shot. Reps are nothing more than glorified McDonalds counter people these days. Do another lunch Jethro.
 



anonymous said:
You will be fired or furloughed soon too big shot. Reps are nothing more than glorified McDonalds counter people these days. Do another lunch Jethro.
Click to expand...
Some people are “smart” but their abilities to relate, communicate and connect with people is poor. We all know the type. They struggle through life and remain embittered and jealous of people who possess “people skills” Sad.
 












Just ckecked my 401k. I'm only down 4.8% YTD. No idea why the stock market is doing so well considering we have the worst unemployment numbers since the great depression.
 



anonymous said:
Just ckecked my 401k. I'm only down 4.8% YTD. No idea why the stock market is doing so well considering we have the worst unemployment numbers since the great depression.
Click to expand...
That's not bad. The market is doing well because of the fed's. They cut interest rates to just about nothing. They are also borrowing like crazy. I don't like it but it's needed. They are rightfully throwing everything and the kitchen sink to help this economy. Plus the top 10% of the people own 90% of the market. Plus there is a short squeeze happening. There is a big difference between wallstreet and mainstreet. I think in the next 60 days will tell us if it's going to be a minor recession, major recession, or a full out great depression. I do think the government will need to raise taxes next year. It won't matter who is in office.
 



anonymous said:
That's not bad. The market is doing well because of the fed's. They cut interest rates to just about nothing. They are also borrowing like crazy. I don't like it but it's needed. They are rightfully throwing everything and the kitchen sink to help this economy. Plus the top 10% of the people own 90% of the market. Plus there is a short squeeze happening. There is a big difference between wallstreet and mainstreet. I think in the next 60 days will tell us if it's going to be a minor recession, major recession, or a full out great depression. I do think the government will need to raise taxes next year. It won't matter who is in office.
Click to expand...

We are all playing a part in a fucked up play. Its about the largest self inflicted economic disaster that the world has ever seen. 60 days???? Really. How about now. 30 million jobs gone, more coming. We are a services economy.
 






anonymous said:
We are all playing a part in a fucked up play. Its about the largest self inflicted economic disaster that the world has ever seen. 60 days???? Really. How about now. 30 million jobs gone, more coming. We are a services economy.
Click to expand...

Most real comment here. Rapid and crushing blow to economy.
Next leg down in asset prices will make everyone believers. This bear market rally is up on waning volume, sucking in retail investors. Economic data are hiding in plain sight, optimists hiding heads in sand.

Last chance to exit stocks.
 



anonymous said:
Most real comment here. Rapid and crushing blow to economy.
Next leg down in asset prices will make everyone believers. This bear market rally is up on waning volume, sucking in retail investors. Economic data are hiding in plain sight, optimists hiding heads in sand.

Last chance to exit stocks.
Click to expand...
It's hard to disagree with you. It has gone way beyond the market. It is a crushing blow. Now you see engineers starting to get cut by other companies. 20 percent pay deductions for 3 months by others.
 



To the person bragging about being down only 4.6%; congratulations-that just means you’re not that much exposed to the equity market (think S&P, DJIA). You won’t get the nice big rebound, when the equity markets whipsaw back up....you’ll be sitting on a 3% gain. If you’re 60, that’s a good thing; if you’re way younger, the “jokes” on you. It all depends where you are in this “circle of life”.
 



anonymous said:
To the person bragging about being down only 4.6%; congratulations-that just means you’re not that much exposed to the equity market (think S&P, DJIA). You won’t get the nice big rebound, when the equity markets whipsaw back up....you’ll be sitting on a 3% gain. If you’re 60, that’s a good thing; if you’re way younger, the “jokes” on you. It all depends where you are in this “circle of life”.
Click to expand...

I'm not bragging, I'm 51 and plan on retiring at 55. Nothing that's happened so far has derailed my plans. I primarily invest in blue chips, residential real estate, structured notes and preferred stocks. I have a very strong cash position and will be buying a lot of dividend paying stocks when the S & P goes down significantly lower than it is now.

You shouldn't be so aggressive.
 



What the hell? Over $105k covid-19 deaths in the US alone, 40 million new jobless claims in the last two months and civil disobedience and rioting in 159 US cities. Just checked my 401k balance and I'm up 3% YTD. The last time I checked I was down 14% in early April.

Glad I didn't reallocate or sell anything. A volatile ride but its nice to be back in positive territory.
 



anonymous said:
I'm not bragging, I'm 51 and plan on retiring at 55. Nothing that's happened so far has derailed my plans. I primarily invest in blue chips, residential real estate, structured notes and preferred stocks. I have a very strong cash position and will be buying a lot of dividend paying stocks when the S & P goes down significantly lower than it is now.

You shouldn't be so aggressive.
Click to expand...

Just retired from pharma at 61. 401k up over 52 weeks but slightly down (1%) YTD. Have a 58/42 split. Was 62/38 but moved things a bit when the market went south. It was a great move that you stayed put. Spent the last 5 years maxing pre and post(in-kind Roth which is a real gift) tax 401k . Consider doing a back door Roth if you can but be advised that you can't touch it for 5 years. Still, everything you take out is tax free which is great. It does impact IRMMA.
 



anonymous said:
Just retired from pharma at 61. 401k up over 52 weeks but slightly down (1%) YTD. Have a 58/42 split. Was 62/38 but moved things a bit when the market went south. It was a great move that you stayed put. Spent the last 5 years maxing pre and post(in-kind Roth which is a real gift) tax 401k . Consider doing a back door Roth if you can but be advised that you can't touch it for 5 years. Still, everything you take out is tax free which is great. It does impact IRMMA.
Click to expand...

The backdoor roth via the 401K is a smart move. Most don't take advantage.
 









anonymous said:
Agree but only after you max out your pretax max and if you can afford to contribute beyond it. Most folks cannot.
Click to expand...

I maxed out on the pretax and was able to turn it into a Roth after I left Merck. When I was working I was making over the max to open a Roth. This made me eligible for a Roth. The best financial move you can make,
 



Top Bottom
Back
Quote