Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
401k Shit the Bed?
#37
(03-14-2020, 11:36 AM)NATI BENGALS Wrote: No I'm all about the match. It was a major factor on my last job search. Still doesn't change the fact my 401k is basically like bringing my money to the casino and risking it all. You can lose it all. Think of the match like a casino comp. Thanks for playing.

When the bottom 50% of people own less than 1% of the wealth and we continue to see machines and automation take low skill low wage and good earning middle class jobs... People working, fighting, and scraping  to get by their whole lives to have a decent retirement shouldn't have to worry about having a retirement income that can be wiped out at the drop of a random animal carcass in a distant Chinese market. There has to be more security than that. 

It's not like a casino at all.  The mutual funds you are in make more money if you make money.  If they do poorly, then people stop investing in them and they go away.  

The reason I said don't look at your 401k, is there's not much you can do about it.There are going to be bad times in the market, and every time we hear this is the big one. You have limited options so there's not a lot you can do day to day.  Your new money is buying the mutual fund at a lower rate which will benefit you when the price goes back up.  It's not as good as the price never dropping, but it helps some.
“History teaches that grave threats to liberty often come in times of urgency, when constitutional rights seem too extravagant to endure.”-Thurgood Marshall

[Image: 4CV0TeR.png]





Messages In This Thread
401k Shit the Bed? - NATI BENGALS - 03-12-2020, 07:33 AM
RE: 401k Shit the Bed? - TheLeonardLeap - 03-12-2020, 10:41 AM
RE: 401k Shit the Bed? - fredtoast - 03-12-2020, 12:35 PM
RE: 401k Shit the Bed? - Benton - 03-13-2020, 04:09 AM
RE: 401k Shit the Bed? - michaelsean - 03-13-2020, 08:56 AM
RE: 401k Shit the Bed? - Benton - 03-13-2020, 12:55 PM
RE: 401k Shit the Bed? - michaelsean - 03-13-2020, 01:00 PM
RE: 401k Shit the Bed? - Benton - 03-13-2020, 03:21 PM
RE: 401k Shit the Bed? - michaelsean - 03-13-2020, 04:39 PM
RE: 401k Shit the Bed? - Dill - 03-13-2020, 04:17 PM
RE: 401k Shit the Bed? - michaelsean - 03-13-2020, 04:37 PM
RE: 401k Shit the Bed? - Goalpost - 03-12-2020, 10:54 AM
RE: 401k Shit the Bed? - fredtoast - 03-12-2020, 11:40 AM
RE: 401k Shit the Bed? - basballguy - 03-12-2020, 12:23 PM
RE: 401k Shit the Bed? - NATI BENGALS - 03-12-2020, 08:57 PM
RE: 401k Shit the Bed? - michaelsean - 03-12-2020, 11:08 AM
RE: 401k Shit the Bed? - NATI BENGALS - 03-12-2020, 09:00 PM
RE: 401k Shit the Bed? - michaelsean - 03-12-2020, 09:27 PM
RE: 401k Shit the Bed? - NATI BENGALS - 03-14-2020, 01:03 AM
RE: 401k Shit the Bed? - Goalpost - 03-14-2020, 09:40 AM
RE: 401k Shit the Bed? - NATI BENGALS - 03-14-2020, 11:36 AM
RE: 401k Shit the Bed? - samhain - 03-14-2020, 03:24 PM
RE: 401k Shit the Bed? - michaelsean - 03-16-2020, 09:44 AM
RE: 401k Shit the Bed? - 6andcounting - 05-12-2020, 08:45 AM
RE: 401k Shit the Bed? - fredtoast - 03-12-2020, 12:41 PM
RE: 401k Shit the Bed? - GMDino - 03-12-2020, 01:10 PM
RE: 401k Shit the Bed? - GMDino - 03-12-2020, 01:31 PM
RE: 401k Shit the Bed? - BmorePat87 - 03-12-2020, 11:00 PM
RE: 401k Shit the Bed? - michaelsean - 03-13-2020, 08:59 AM
RE: 401k Shit the Bed? - fredtoast - 03-13-2020, 02:12 PM
RE: 401k Shit the Bed? - michaelsean - 03-13-2020, 02:28 PM
RE: 401k Shit the Bed? - Benton - 03-13-2020, 03:22 PM
RE: 401k Shit the Bed? - Goalpost - 05-12-2020, 09:04 AM
RE: 401k Shit the Bed? - NATI BENGALS - 05-12-2020, 01:37 PM
RE: 401k Shit the Bed? - Benton - 05-12-2020, 09:10 PM
RE: 401k Shit the Bed? - CKwi88 - 05-12-2020, 10:42 PM

Forum Jump:


Users browsing this thread: 1 Guest(s)