Thankfully, after the last 2 trading days, my account is only down for January % wise what i was up for all of 2021!
Lets hope Feb and beyond is better. How about you ppl?
Lets hope Feb and beyond is better. How about you ppl?
Don't worry about short-term declines. If you try to time the market your going to lose. When it's down that's a buying opportunity. Long term wins the race when it comes to the market.
Do you have your entire portfolio in tech or something? Something is not right if your even since the start of 2021. My current 401k was up 15.75% in 2021 and is down -4.84% in 2022.Thankfully, after the last 2 trading days, my account is only down for January % wise what i was up for all of 2021!
Lets hope Feb and beyond is better. How about you ppl?
AT 75 define 'Long term'???
Do you have your entire portfolio in tech or something? Something is not right if your even since the start of 2021. My current 401k was up 15.75% in 2021 and is down -4.84% in 2022.
Another rollover IRA I have from past job was up about 19% in 2021 and now is down about 5% for 2022.
I don't touch either of these accounts other than the occasional rebalancing. I just always consistently contribute to the current 401k. Interestingly my rollover IRA has now doubled in 7 years without any contributions.
Inflation isnt a friend to the coffee can in the ground.