General Discussion

Pototan

(1,138 posts) Thu Mar 21, 2024, 07:02 PM Mar 21

How's your 401k doing? [View all]

Remember a few years ago when the Trump cultists would proclaim, nearly daily, "how's your 401K doing". That was a way of praising Donald Trump, pre-pandemic. At the time, the Dow, S&P 500 and NASDAQ were doing well. Of course, Trump finished his term in Herbert Hoover territory, but, as usual, the Covid excuse for a poor economy is only an excuse for Trump. Coming out of the pandemic with supply chain disruption and a yearlong, worldwide inflation rate, well, that's all on Biden.

Back to the point. The lowest unemployment rate in 50 years. The strongest GDP and lowest inflation rates of any G7 nation in the world. And a record setting stock market that is approaching a Dow 40,000.

You see, for a 71-year-old, I have a great memory, so I remember everyone who told me that back when Trump was President. Well, they now hear the same words from me, now that Biden is.

https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-up-more-than-100-points/card/dow-s-p-500-on-pace-for-best-week-of-year-zksdn4UD5j1jGSEGyp3V?mod=mw_quote_news

73 replies

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Highlight:

How's your 401k doing? [View all] Pototan Mar 21 OP

Mine has been pretty flat overall MichMan Mar 21 #1

I keep mine in S&P 500 Broad Index. 16.1% YTD Lochloosa Mar 21 #5

Me too. llmart Mar 21 #21

YEP. Going gangbusters. 617Blue Mar 22 #43

I've got mine in a dozen mutual funds managed in Schwab - up 90K in 2024 NewHendoLib Mar 21 #11

mine is with Schwab also and it has been performing excellently yellowdogintexas Mar 23 #59

I have a SEP IRA with T Roth - also doing very well. NewHendoLib Mar 23 #61

"Mine has been pretty flat overall ... I have no idea if my portfolio is invested in any of them or not" W_HAMILTON Mar 22 #24

Are you retired? less than 5 years to retirement? Happy Hoosier Mar 22 #27

Been retired almost 3 years. MichMan Mar 22 #32

That's pretty low performance.... buuut.... Happy Hoosier Mar 22 #34

My spouse is still working, so between that and SS, I only withdraw 0.5% a year MichMan Mar 22 #35

Well, when she retires, you can probably withdraw more aggressively. Happy Hoosier Mar 22 #38

At the beginning of the Covid pandemic, when Trump held a press conference to close things down Walleye Mar 21 #2

Just checked. YTD rate 16.1% Thanks Biden Lochloosa Mar 21 #3

My IRA is doing great - thanks Biden!! walkingman Mar 21 #4

Hey Pototan! Yes, my 401K is doing quite well lately. honest.abe Mar 21 #6

Mine is doing well ClimateHawk Mar 21 #7

Up huge since the Con left. Bonds still suck Johonny Mar 21 #8

here's a 5 year chart for Dow and Nasdaq Hamlette Mar 21 #9

+23% over the past three years Yavin4 Mar 21 #10

Not all of us are wealthy enough to have a 401k Kaleva Mar 21 #12

And, some of us don't even have that! (n/t) OldBaldy1701E Mar 21 #19

There's lot of people that have 401(k) and aren't wealthy. W_HAMILTON Mar 22 #25

My sister makes less than $30K yr. Still has a 401K Happy Hoosier Mar 22 #33

I just took on a part time job Kaleva Mar 23 #54

A majority of Americans don't have access to a 401k NanaCat Mar 23 #51

I don't doubt that. Kaleva Mar 23 #55

What's a 401K? progressoid Mar 21 #13

I was losing money with Trump, now I'm doing great. Emile Mar 21 #14

Most 401K plans did quite well during the Trump years. onenote Mar 24 #70

up 17% :D TalenaGor Mar 21 #15

Biden's leftist job killing socialism has been working out pretty well for the stock market IronLionZion Mar 21 #16

401K - 15.3% 1 Year, 19.8% since Nov. 2023 Aviation Pro Mar 21 #17

Election would be over Nasruddin Mar 21 #18

I don't have a 401K because I didn't work for a big company. I invested in two firms that had index referenced Martin68 Mar 21 #20

2022 was a rough year for the 60/40 portfolio but I've clawed my way back. Shermann Mar 21 #22

2024 is a great year to rebalance IronLionZion Mar 22 #26

I posted the same thing about the poor performance of bonds, only to be told I should fire my advisor MichMan Mar 22 #36

Bonds are cheap now, it's a great time to buy bonds while interest rates are high IronLionZion Mar 22 #39

I was advised upthread to fire my advisor because I was invested in bonds, and got disappointing returns MichMan Mar 22 #42

Stocks are high, bonds are low. It's simply buy low and sell high IronLionZion Mar 22 #44

Some financial gurus like Dave Ramsey recommend 100% equities at all times Shermann Mar 22 #47

I left the stock market behind when it rallied after the Dobbs decision. sybylla Mar 21 #23

It's not a matter of not giving a fuck. Happy Hoosier Mar 22 #29

Up 20% year over year. Happy Hoosier Mar 22 #28

+21% average over the past 3 years... SKKY Mar 22 #30

At this very moment - it's the highest it's ever been. LeftinOH Mar 22 #31

Kicking butt! bif Mar 22 #37

No earthly clue DFW Mar 22 #40

If you are over 59 1/2 you can withdraw without penalty but you have to pay tax. honest.abe Mar 22 #41

There is also the Rule of 55 Shermann Mar 23 #48

Highest ever Jimbo S Mar 22 #45

Mine is doing great! I retired about seven months ago... Silent3 Mar 22 #46

Same here Pototan Mar 23 #49

And the majority of Americans reply NanaCat Mar 23 #50

FALSE Shermann Mar 23 #52

Correction on your correction: NanaCat Mar 23 #57

Thanks for that clarification, super helpful. nt Shermann Mar 23 #62

Disbelief codfisherman Mar 23 #56

Love tulips NanaCat Mar 23 #58

Piedmont of NC codfisherman Mar 23 #60

Lucky! NanaCat Mar 24 #68

Anyone can open an IRA and contribute to it MichMan Mar 23 #64

More important to me gibraltar72 Mar 23 #53

My friends were complaining about their 401s two years ago under Biden RSherman Mar 23 #63

Message auto-removed Name removed Mar 23 #65

. KS Toronado Mar 23 #67

No 401K, IRA plus various money market funds (Vanguard): +15.6% over 1 year, +4.1% over 3 years petronius Mar 23 #66

I'm also 71, but my memory differs from yours. onenote Mar 24 #69

The only 2 presidents to leave office with fewer... Pototan Mar 24 #73

1-year rate of return is +15% nt Shermann Mar 24 #71

At my age, most of my retirement is in safe mode. yardwork Mar 24 #72