Mine is down $11,450. Coworker is down $13,380.
64 replies (most recent on top)
Would like to hear if this correction caused anyone to reevaluate their planned 2025 retirement date
You borrowed $100K from your 401K. The total value drops 20%. Are you now paying back $20K that would have disappeared into the ether?? If so, that is one heck of an interest rate.
up 24% two years in a row - 2023 and 2024. Kind of due for the correction. Yes people are delusional if they think the market and their home price can just keep going up with no correction.
“ Americans aren’t willing to work for the wages that those people abroad make“
This right here^^^^. Apple is estimating an iPhone would cost $3500 if manufactured here.
Simpletons don’t get it.
This will go down likely as one of the stupidest things a modern president has ever done. It’s a pipe dream to think you’re going to bring manufacturing back to the USA for a majority of the products we currently import and consume. Americans aren’t willing to work for the wages that those people abroad make.
A $150 dollar tv made abroad would likely cost $600 if manufactured here.
Nothing like flushing 11 trillion dollars down the drain and call it winning.
So many positive assumptions. What will you do if your 401k drops 70% by year end and doesn't recover? Then gains only 2 to 3 percent a year. Read what the market is telling you. It's right in front of you.
S&P 500 has been up 24% two years in a row - 2023 and 2024. Kind of due for the correction. Don't you think? Combine that with the sorely needed drastic measures by DJT, the resulting panic and uncertainty, and we have some turmoil in the markets. More pain coming for sure.
It's going to be fun to see how things play out in few years - hopefully balanced budget, major reduction in federal debt and government waste (DOGE), more US investment, and more good US jobs/opportunities, and maybe reduced taxes. Probably positions us much better in the long run. We'll see.
Down at least 300K in my 401K; everything is going to be fine. Ride the equities/mutual funds/ETFs roller coaster. Get to the point that you have 5+ years near zero risk liquid assets (savings, CDs, T-Bills, etc.) and build wealth through stock market and perhaps some real estate exposure. And no debt, of course.
Or panic like he-l, get out of the stock market, lock in those losses (sell low). And after the stock market roars back, get back in the market (buy high).
"Far more money has been lost by investors trying to anticipate corrections, than has been lost in corrections themselves." Peter Lynch
Dum Dum post of the week below:
Insanely stoopid—
“ Last year at this time, I heard that the Border was secure and Biden is sharp as a tack. Yeah, I’m really going to listen to the same people scream that the sky is falling again! More graft, waste and corruption is being discovered everyday by DOGE.”
Last year at this time, I heard that the Border was secure and Biden is sharp as a tack. Yeah, I’m really going to listen to the same people scream that the sky is falling again! More graft, waste and corruption is being discovered everyday by DOGE.
Last time I checked the S&P 500 index average over last 35 years is 10.33%. Chicken Little, there will be ups and down in markets unless you are near retirement then, ride it out because it will return. Time to buy, ask Warren Buffett.
401k is for su---r's. It only works as long as the casino does well. With 37 trillion in debt, unlimited money printing will no longer be able to prop the stock market.
if you voted for the fuul, and you're suffering now, then Tough Luck beeyotch! May you catch every bit of h3ll.
" If your down < $15K I hope your less than 10 years in. If you have 20 + and that’s all the shift you have experienced it wasn’t going to be enough anyhow."
“You are a mo--n. $12,295 is 1.37% of.....?”
The markets dropped at least 4% 4/2/25. The original post didn’t mention any percentages. If you had just under $900k and you only dropped 1% that’s great. You should also shift from a hyper conservative approach to something more aggressive soon because the markets will rebound.
I must be down 100-200K this week, but I am not going to look. No point in it.
It's affecting everyone, in every sector. But scarier for those of us in a certain "stage of life". We don't have as much time to wait for the rebound. It will come back though.
" If your down < $15K I hope your less than 10 years in. If you have 20 + and that’s all the shift you have experienced it wasn’t going to be enough anyhow."
You are a mo--n. $12,295 is 1.37% of.....?
Good buying opportunity. Buy low, sell high. This is all temporary.
You didn’t have to kick me while down 😩
If your down < $15K I hope your less than 10 years in. If you have 20 + and that’s all the shift you have experienced it wasn’t going to be enough anyhow.
A lot of years left before I retire. It will balance itself out over time.
Pretty much the entire stock market.
The only thing in my personal portfolio right now not trading down on the day is Lowe's.
My team is seeing losses from 1.61% to 3.7%
Must be new employees.
I’m sure in will go up and down over the next 15-20 years that I need before I can use it.