School me on investing...

I’m glad I missed yesterday’s bloodbath because I would’ve bought this morning.

I guess Monday morning it is.

I really don’t like losing this much money (granted, it’s “on paper”) in two days

 

Are you doing god's work?

 

Fucking tease

 

sooooo, i (my employer) contribute $3500-4000 a month into my 401k

i have no ‘say so’ in the amount each wk that gets deposited into my 401k ($1029 this week).

This is a good thing long term right? I guess it doesnt matter since i cant change or stop the contributions.

 

Uhh yeah? Not sure what your angle is here... I don't think you can legally put $4k/mo in there pre-tax due to IRS limits. I max mine out though and my 401K is independent from my e-trade .... if you're 68 years old this dip is probably not good for you. If you're 47, this is a blip in a very long term financial plan.


And yeah, you can stop contributing any time you want. Why couldn't you? Its voluntary.

 

We’ve covered this lots of times. My only conclusion is that he doesn’t know how his plan works.

 

My job is prevailing wage scale.

As a concrete finisher, i make $56 hr. For every hour worked, my fringe of $18.75 goes into my 401k which leaves my taxable hourly rate at $37-ish.

My employer contributed $40,xxx into my 401k in ‘24.

and no, i cant stop contributing to my 401k . As long as i work at my company, the $$ are taken out each check and deposited into my fidelity account.

https://www.google.com/search?q=wha...wOyBwQwLjYxuAeGSg&sclient=mobile-gws-wiz-serp

 

I know how it works. I work and my employer takes $14.75-18.75 per hour out of my pretax rate of $50-$66 and deposits that into my 401k

 

You've got a nice employer !!!!

In 2024, the total combined limit for employee and employer contributions to a 401(k) plan is $69,000, or 100% of the employee's compensation, whichever is less. This limit increases to $76,500 if the employee is 50 or older and makes catch-up contributions.

 

I am glad I cashed out month ago, right before first dip

 

Certainly not. I would never claim that and if someone does in this industry, run. Fast!

 

Big picture thinking. A bit lower today but long term stocks beat PMs and most real estate.
I however, did move a lot of money to PMs 6 months ago.
I'll wait for the wailing, gnashing of teeth and wringing of hands to stop before I make any changes.

 

The stock market has "inflated" tremendously in the last 4 years. The vast infusion of cash into the system has to go somewhere and a lot of it eventually went to buy stocks. The inflation was just waiting for a pin prick to pop the bubble and now we have it. Hopefully you have some ready cash waiting on the sidelines. Once the release of hot air has subsided it will be a great buying opportunity. I don't think it will be long.....

 

The 10yr is down .5-.6%. Some say the volatility is intentional to drive down interest rates in order refinance the $9T coming due on the balance sheet this year. Half a point off of $9T is a significant sum. About 90% of stocks are owned by around 5% of people. They're going to be okay.

As far as penguins being charged 10%... Corporations can have addresses in various places for various reasons without having to have much of a presence in said locations.

 

This or just be able to lower the finance rates to "stimulate" the economy. A sort of a reset if you will.

 

It was just a poke on Lloyd Blankfeins comment he made some time ago
https://www.reuters.com/article/world/goldman-sachs-boss-says-banks-do-gods-work-idUSTRE5A7195/

 

I'm too chicken to check my portfolio. Can someone tell me when its at bottom and I can start cost-averaging?

 

I looked at mine, I shouldn't have.

 

I’m torn. On the one hand I’m happy because stupid should hurt, on the other I don’t want people losing a ton of money.

 

Investing was never meant to be a risk-free endeavor. This too, shall pass.