How bad did your 401K or retirement portfolio drop?
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We're pretty well diversified (65% global stocks) 35% bonds and haven't seen a huge drop. We've lost (on paper) 8-10% this year. Had about 8% growth last year. But markets go up and markets go down.. Sort of the nature of the beast. This cycle is
certainly NOTHING like the dot.com boom and then bust. It feels like a more "normal" down cycle.
My 401-k is down 8% since January. But Im still buying & buying low. I still have 35 years to go. I will be thru many, many slumps in those years. You know what they say...BUY LOW SELL HIGH!
Not at all. We're up between 20 and 27% depending on which retirement account you look at. Remember, in every cloud is a silver lining!
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