Stock Market 2023

[Smit]

It looks like the stock market has finally turned things around. My 401K is fully recovered from the Trump/Covid crash.

Thanks Joe!

[Del.]

It looks like the stock market has finally turned things around. My 401K is fully recovered from the Trump/Covid crash.

Thanks Joe!

Must have good investments because it's still down 2300 pts from high. Of course I'm sure employers contributions helped a lot to get back to where you were at.

[beej]

[Smit]

Must have good investments because it's still down 2300 pts from high. Of course I'm sure employers contributions helped a lot to get back to where you were at.

My investments are up 10.6% on the year. One is up 32%, another nearly 17%.

Employers contributions help, plus I put in quite a bit myself.

It's been a good buying opportunity in the past couple years.

[Del.]

My investments are up 10.6% on the year. One is up 32%, another nearly 17%.

Employers contributions help, plus I put in quite a bit myself.

It's been a good buying opportunity in the past couple years.

Yep on the buying opportunity. I don't contribute any more so I just went to CD's to make 5%. Glad your investments did well.

[Tim Johnson]

It looks like the stock market has finally turned things around. My 401K is fully recovered from the Trump/Covid crash.

Thanks Joe!

I'm also profiting. This is the second downturn I've profited from. The trick is to NOT send your money to the "safe fund" which most people do. While the return profits are smaller they're also being divided between less people.

Thanks Joe! for this downturn and thanks Barack! for the previous downturn.

[Del.]

I'm just at the point that I don't want to lose any value. It makes me feel better anyways.

Notice the proper use of " lose "

Or is it loose? Lol

[beej]

I'm just at the point that I don't want to lose any value. It makes me feel better anyways.

Notice the proper use of " lose "

Or is it loose? Lol

It's louse

[Smit]

I'm just at the point that I don't want to lose any value. It makes me feel better anyways.

Notice the proper use of " lose "

Or is it loose? Lol

People in our age group are much more sensitive to risk, and we should be. I'm planning on retiring in January but my wife is going to continue working for a few more years (she says 3 years right now) so I can afford to leave my retirement funds in riskier investments for a while longer. Hopefully this recent surge will continue for a long while.

With the wife paying the bills I can easily live on social security, including paying medicare premiums. I may even pay the water bill because I want to contribute too.

I'm also profiting. This is the second downturn I've profited from. The trick is to NOT send your money to the "safe fund" which most people do. While the return profits are smaller they're also being divided between less people.

Thanks Joe! for this downturn and thanks Barack! for the previous downturn.

I think you're a young man so that is exactly what you should want to do. You can afford to be patient.

But...if Joe is getting blamed for the downtown doesn't he get credit for the upturn too?

Asking for a friend. 

[Leehound]

But...if Joe is getting blamed for the downtown doesn't he get credit for the upturn too?

Asking for a friend. 

Did you give Trump the credit for the upturn when he became president?

[RobertELee]

Did you give Trump the credit for the upturn when he became president?

That was Obama....duhhhhh.....took him 8 years. But he finally succeeded!

[Tim Johnson]

People in our age group are much more sensitive to risk, and we should be. I'm planning on retiring in January but my wife is going to continue working for a few more years (she says 3 years right now) so I can afford to leave my retirement funds in riskier investments for a while longer. Hopefully this recent surge will continue for a long while.

With the wife paying the bills I can easily live on social security, including paying medicare premiums. I may even pay the water bill because I want to contribute too.

I think you're a young man so that is exactly what you should want to do. You can afford to be patient.

But...if Joe is getting blamed for the downtown doesn't he get credit for the upturn too?

Asking for a friend. 

I would prefer giving him credit for chasing most people away from their 401k accounts and giving me a better return. Yes I am a young 63 year old. Thanks for noticing!

[beej]

But...if Joe is getting blamed for the downtown doesn't he get credit for the upturn too?

If your IRA has gotten to the same dollar amount that it was before Covid, your still down 16%. You have to account for the inflation that has occurred through that time.

[gcode]

You have to account for the inflation that has occurred through that time.

You also have to account for all the contributions you've made since Covid
My 401K was at an all time high on election day 2020
By mid year 2021 it was $120K lower
Today I am $20K higher than I was on election day 2020, but I've put nearly $60K in contributions into it.
By my book I'm still down.... alot
The only consolation is that I've been buying low for 2 years so hopefully I will see actual returns at some point.
The downside is I'll be 69 in a couple of months so the window for realizing these returns is getting smaller.

[Smit]

If your IRA has gotten to the same dollar amount that it was before Covid, your still down 16%. You have to account for the inflation that has occurred through that time.

I'm taking that as a no.