I plan to retire by Christmas, at this rate will my 401K be cr-p then? Is it the work of Dairy or Joey? or they're in cahoots to f-k us up?
27 replies (most recent on top)
Don't feed the troll. Thank you
When January 20th 2021 arrived I got out of the markets ASAP and never looked back!
"Moody’s sees risk that U.S. banking ‘turmoil’ can’t be contained"
https://www.marketwatch.com/story/moodys-sees-risk-that-u-s-banking-turmoil-cant-be-contained-f478df49
LOL -- sounds like the "Drumpf" troll lost his shorts gambling on risky investments, is suffering from a terminal case of TDS, and needs a scapegoat! Meanwhile the average investor lost 25% last year alone and add on top of that an actual inflation rate of 15% and that equals a 40% loss!
Now we have bank runs & bailouts not seen since 2009. Markets are tanking. Loan rates have doubled. The BRICS nations are almost ready to kick the Dollar off its Reserve Currency status held since 1944.
WWIII: Russia invaded Ukraine again like in 2014, China is probing Taiwan, NoKo is firing missiles over SoKo & Japan every week. The Mullahs are ready for nukes -- and the list just goes on and on and on...
I too vote to bring back "mean tweets"!
Don't feed the troll.
The original poster injected politics in this thread from the beginning with his/her reference to "Joey" and asking if "they're in cahoots to f-k us up?" If more people ignored him/her and their ilk, maybe we would be able to stay away from "Professional Wrestling" style politics on this board!
I’m American and agree with @4nmc+1lIGLIPh
The US is choking on its own political vomit. I prefer not to deal with it here too
@4abr+1lIGLIPh WRONG! You just made my point . I am not American and don't care for your 'Professional Wrestling' style politics. Just prefer you leave that nonsense off this board. Thanks.
Are you managing your own investment allocation in your own 401k account?
You get to decide where to invest within the available funds from stocks to fixed...
Exception is the honeywell match is in hon stock which has not been doing well compared to other companies; this we can thank our ceo/mgmt for its poor performance, as wall street is no longer buying their smoke and mirrors with ever-changing initiative acronyms such as hos, accelerator, etc. So the stock has stalled for many years now
Here come the cancel police -- trying to tell a poster to "Go home" :). Reminds me of their leader who likes to mean tweet but can't take any criticism (see Ron DeSanctimonious for reference :)).
@4fjq+1lIGLIPh Go home.
Really??? There was a great depression in the last two years??? I must have missed it (and missed WW3 too). I do remember having a hard time finding toilet paper in stores during the glorious time Drumpf was in charge of mean tweeting.
Yeah, with what's happened in the past 2 years, another great depression and WWIII on the near horizon, I'm all in for going back to the days of mean tweets!
I know some of you Drumpf fans are too young to have been around for the stock market crash in 2020 when the S&P 500 index fell 34%. I lost a lot of money, so I do remember it vividly but try Google or ChatGPT if you're too young to remember :))).
No, most sane people don't long for the return of "very fine people on both sides", stock market crashes, inept pandemic handling, record deficits, and similar nonsense!!!
https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets
Most any informed person longs for the bygone days of yesteryear when about all they had to deal with were a few "mean" tweets a week (if they even followed them). Inflation was at 1.4%, stock was market booming, $2.00 gal. gas & no wars.
Now, after just 2 years, even with the end of all the deficit spending on the Plandemic, the wheels are falling off the entire bus & there is a cliff de@d ahead...
The whole thread was stupid political from the beginning (notice the original poster asked "Is it the work of Dairy or Joey" and if they are in "cahoots"). The irony is that Dairy A-s was in cahoots with DJT and offered him a personalized "mask optional" tour of a Honeywell site - you can't make this stuff up :).
https://news.bloomberglaw.com/coronavirus/trump-says-he-wore-mask-at-honeywell-plant-until-told-not-to
Great the political narrators have entered the chat
We can also thank Drumpf who ran up the largest annual budget deficits in the history of the United States. In only 4 years, he managed to run up one of the three largest total deficits in history (the other two presidents on the list did it in 8 years). He also appointed the current chair of the Federal Reserve (after running off the previous chair), so we can thank him for that too!
https://www.investopedia.com/ask/answers/030515/which-united-states-presidents-have-run-largest-budget-deficits.asp
They have a new CEO. In my opinion, they forced out the old one. He wasn’t aggressive enough to close plants. Which we are located high buck regions or high state taxes.
This will reduce cost of doing business. They hired this guy. So you could increase the stock price and get larger stock dividends.
So you know what’s coming your way, I expect major employee cuts. Whoever is left. They can cover the positions that were phased out. Even if they cut the heads too far. Don’t worry we have a really super loyal employees will cover the workflow.
They love their overtime. Since there’s a huge turnaround, these people figure that they’ll be able to just move up through the company.
End results! Depending on how aggressive he is at doing his job. This will predetermined how fast are stock go up. I bet dividends will increase too. Hold onto your hats you haven’t seen anything . I expect some major changes before it’s all over.
The SS Honeywell. When we had an iceberg. In order to keep the boat floating. They just keep throwing people off the ship. In order to reduce the weight. This keeps the ship afloat a little longer. You should see these people bailing the water. We might just stay afloat a little longer.
If the real titanic, had Honeywell employees. They all would’ve been bailing water. It might’ve stayed afloat for a little longer.
You can't blame anyone but yourself. If you are that close to retirement, you should be in very low risk investments. Suspect you need to look in the mirror if trying to find someone to blame.
Really you have no one to blame but yourself. You are free to transfer your 401K into an IRA that you have complete control of.
If you are just passively managing your retirement then this would be the outcome to expect.
Doomberg and other outlets are reporting that Joey is reduced to talking to The Oracle Of Omaha about what to do about the banks! Buffet's NetJets and the Omaha airports are seeing record traffic for private jet arrivals this weekend. Coupled with Credit Suisse & the Fed meeting this week, should provide some nice fireworks!
Blame greedy CEOs, politicians, bankers & brokers like DA, Joey, JP Morgan & the S&P 500 index Cramer-ites. You can also blame the normalcy bias of the average investor for buying into the Hopium of the fractional reserve banking system. In case you're wondering, Crypto is not the answer & your new master the Digital Dollar is on the way.
Blame Joey & Co. for their record deficit spending binge since starting QE in 2009. The Fed is part of the beast, but they are d@amed if they do and d@amed if they don't. Choose your poison, record inflation or record unemployment. We may get both now. If you think the past two weeks have been scary with all the bank & market volatility -- you ain't seen nothin' yet.
There is no saftey in paper/electronic/fiat investments. Your investments will have to make +16% just to break even with actual inflation.
You can retire knowing full well that you will have to return to work in a couple of years and downsize your living standard to near poverty level.
Yes, the average casino portfolio was down 25% last year alone -- just remember, the gambling house gets to make the rules and never loses...
Blame the Fed.
You are likely in a target date fund. It should be mainly in bonds if you are close to retirement.
The bonds are safe and will pay full value on maturity. But rising interest rates mean their current value has fallen.
You can retire and start drawing down. The target date fund will bounce up for you as the bonds mature.
I’m up 30% but I work for GE now.
Who is Joey?
Only 10%? You're lucky. Most 401K's are down 20% or more.