2021 Stock Market
- Thread starter Mtowncyclone13
- Start date
You won't be alone. There will hundreds of thousands of people just like you.
A $12k dip for someone in their late 40s, assuming they've been prudent savers throughout their career, is really not that much...
If it’s a 401k, then she’s probably in mutual and etf funds. The entire market fell yesterday by a decent amount. You only lose money if you sell. I’m sure she has no problems when the market has really good days and it goes up 12k.
$12,000 sounds like a lot but what was the % she “lost”? Report back tmrw with how much she “gained” today.
I think a 7-8% dip in a single day when the stock market only lost 2% is sort of a big deal. Especially if it continues.
Your co-worker is receiving no damage. She is around my age, so she isn't retiring in the next few days. This will be sorted out in days, weeks, or months; not years.
I don't know many people that have a $400,000 portfolio that make $55,000 a year with two kids.
Yesterdays broader market loss was just as attributable to poor earnings from a couple big dogs.
Her 401k didn't dip yesterday because of this. Either your co-worker has a lot of money in her 401k or she has very poor investment choices. Both the nasdaq and S&P500 were down around 1% yesterday. So if she has 1.2 million dollars she could have easily lost $12k. If she has 1.2 million dollars in her 401k and she has those funds in the S&P 500 than she made $192,000 in gains last year. So should I feel bad for her or is she just making **** up?
I'm pretty damn aggressive with my investment options and I didn't get hit much harder than the 2% dip
Would be interesting to know what wild stuff she's investing in (especially within a 401k plan)
If she is in her late 40s, she should be around that mark, unless she put off contributing.
If she's in her late 40's why is she looking at a single day return on her 401k anyway?
So your friend's loss was 3-4x what the overall market lost?
Sounds like your friend needs to pick better stonks.
Or just put everything in index funds.
Everybody doesn't get a trophy in the great Free Market of Life.
Wait for tomorrow. The shorts have to cover 20M shares worth of ITM calls. This is just the run-up... the true squeeze hasn't happened.
she should take a serious look at what she is invested in if she lost 8% yesterday. My guess she is heavily invested in employer stock.
Sounds like she has an inappropriate asset allocation.
