Ask Lemmy

About 70k so far, but I haven’t sold, so they’re not really losses. I’ll wait for recovery. No reason to take the early L with selling.

Had $120,000 at the start of the year. Had planned to pull at the beginning of the year, I didn’t. It dropped to $100,000 by early March of I remember correctly. I moved the money into a money market account after that. Where I had the money at has tanked quite a bit more after that. Not sure when I’ll get back in yet. Yes I realize it could recover before I get back in but so far I’ve made the right decision. S&P took major hits recently.

$25k and climbing but thankfully that's pretty much all in my retirement and I'm not touching it for several more decades.

$100k when I checked on Friday. Not going to check again, that way madness lies.

An entire lifetime of work, living modestly, saving, funding my retirement accounts, paying a financial advisor to help me make responsible decisions.

Blown up by that orange turd.

Just started my retirement fund last year, so far I have lost only $4K but I was being very moderate in my investments.

Actual numbers?

Approaching a half million.

That’s from two people’s combined lifetime efforts at saving for retirement. We max out our retirement contributions and live modestly, I have a mandatory retirement age by law, and we can only hope that the markets will return our savings by then.

For the record, it’s shitty that people’s retirements are tied to the stock market.

401(k) plans never meant to be a complete retirement plan. Where does that leave future retirees?

Nearly three-quarters of all 401(k) money is held in stocks, according to a Vanguard report from 2021.

I read somewhere and can’t find it anymore, but up to 40% of the stock market value is comprised of peoples’ retirement savings or plans.

So you can see how devastating this stock market decline could be if it gets worse, on top of all the issues with jobs it will cause.

I haven't looked, but I cut the US out of my portfolio well before this. Probably some, but not too much, and I like my prospects once the tariff selloff is over. Actually, if I can swing it through an available institution I might go even shorter on the US with equity futures.

I retired early in September. I lost about 30k. I put this years Roth investment into a cd that doesn’t mature for 3 years because I knew what was coming.

It’s strange but now that I’m not working the loss bothers me less. I think I hated my job so much losing money made me feel like all that hard work and misery was futile.

Luckily, I don’t plan to live off my retirement investments for another 10 years. I reduced my cost of living by building a tiny house, and living super minimally. I live on what could qualify me for food stamps in my city. Instead I have a garden and I grow food.

I have a part time side business that pays most of my expenses and it tends to do better even with economic turmoil because it’s cheaper than buying imports. Sales are up 10% over the same time last year.

Nothing invested means nothing to lose! Never got to play the fucking game.

I won’t dare to look.

Haven't sold the 401k, will just hold through it. In my brokerage account, I was up and had been DCAing. I lost about 1/3rd of my profits before I sold it all a few weeks ago. I'm still up overall, and was holding lots of cash in the last several years anyway because I thought we were due for a big downturn. At this rate, though, I'm not really looking to buy the dip. I'm instead planning to move my money abroad and, if I can, find a better place to live than the US.