Welcome to the party pal.
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Yep.
My 401k is down 27% since this time last year. That doesn’t even count the effects that inflation would have on it. For those of us who aren’t retiring any time soon, there is some hope about the value of investments perhaps keeping up with inflation to some degree, but it appears that the entire purpose of the whole agenda is to devalue everything. One might even call it a reset. I don’t think it’s an accident.
They don’t need to come after you 401k if they just spend like crazy and devalue the dollar. It’s the same effect.
“My 401k is down 27% since this time last year.”
I just switch mine to guarantee income. It’s a small percentage gain but it will stop the bleeding and I will be able to keep what I and my work puts in it. I will retire in a couple of years (Biden will still be president or 25th) and I don’t have time for the stock market to turn around.
So, basically cutting my losses and using it as a savings account now (since very little gain).