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That was not what you said originally.. you said it barely went up up since oct 2017 which is false when you include the distributions ...most funds are still slightly below their recent highs
And that is not what I said. This is what I said:
Quote:
Originally Posted by ChessieMom
For example...the Contra fund. Right now it’s about where it was in October...of 2017.
I did NOT say "it barely went up". Maybe you interpreted it that way, but that was certainly not what I said. You must think I am a complete dolt. I admit I know far less that most everyone else in this forum...but jeez.
In my Fidelity account I am referencing, (an old IRA account) where the ONLY fund is FCNTX, my balance, at 1/31/2018, was 37,601.81. 2/28/18, it was 36,738.91 Today, it is 37.757.80. I don't really need to do much math to see that the last year, in this fund at least, was abysmal. (But of course the growth in the previous 2 years was fabulous.)
from 1/1/ 2017 until today is big difference in total return , there has to be because contra was up 33% in 2017 and up 12% in 2018 . it was only down 2.30% in 2018
with just 2 months left to go in 2017 you are really already pretty much done in 2017 eliminating the 2017 run up by nov 1`so the fact you were up at all is lucky ... but if you look at all of 2017 , 2018 , and ytd 2019 gains have been excellent in contra
from 1/1/ 2017 until today is big difference in total return , there has to be because contra was up 33% in 2017 and up 12% in 2018 . it was only down 2.30% in 2018
with just 2 months left to go in 2017 you are really already pretty much done in 2017 eliminating the 2017 run up by nov 1`so the fact you were up at all is lucky ... but if you look at all of 2017 , 2018 , and ytd 2019 gains have been excellent in contra
I have never disputed that - but that was never my point. I was clearly talking about why a couple of my accounts were so far behind another poster (who said they had eclipsed the October highs}, of which the main component is Contra.
I did go back and check my accounts in Fidelity - all are set to "reinvest in security". You had me worried I had something set up incorrectly.
One thing to note is that after tax returns can be quite different... especially on funds like Contra that have crazy big distributions. That can kill your returns in taxable especially in places like California where the state treats almost all investment income as ordinary income and has the highest income taxes in the nation.
One thing to note is that after tax returns can be quite different... especially on funds like Contra that have crazy big distributions. That can kill your returns in taxable especially in places like California where the state treats almost all investment income as ordinary income and has the highest income taxes in the nation.
These are tax-deferred retirement accounts, so I'll deal with taxes way down the road.
And thankfully I don't live in CA.
Yep, Roth is all tax free withdrawals... which is what makes it the best instrument to save money. The downside is that Roth contributions are rather small at $6k/yr indexed so good luck saving a lot with that unless you started a long long time ago. I make too much money for a Roth so never contributed, but this was the first year I did a backdoor.
Market has gone up way too fast in too short of a time, the pullback had to be inevitable because we are just starting out the year. Even if we have a blockbuster year of 15% annual return the S&P500 would only be at 2886 and it's already hitting 2800 so it has to pullback.
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