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ImBillCurtis on scored.co
1 year ago3 points(+0/-0/+3Score on mirror)2 children
I remember talking to a guy 2 years ago during a 401k) open enrollment period.
I looked at the performance of the 25 or so funds we had an option to invest in. Only 2 had a positive return since inception date.
Those 2 funds were down 15% YTD.
I told my team you’re safer just not investing.
“Well hopefully it’ll go back up. I’ll max out 6% anyways”
Literal retards
Sounds like your company does some sort of match. Depending on how much of a match they give, he could be effectively getting shares for half price, which would change the calculation a bit.
It seems that way at first. I don't need a 401k but it's just another thing to invest in. I watched the thing lose more and more money for a year before going to complete opposite direction.
As a zoomer I don't even think about a 401k, retirement plan, etc. I highly doubt the USD will even exist when I'm 65. Just give me my money now and I'll use it as best I can.
I looked at the performance of the 25 or so funds we had an option to invest in. Only 2 had a positive return since inception date.
Those 2 funds were down 15% YTD.
I told my team you’re safer just not investing.
“Well hopefully it’ll go back up. I’ll max out 6% anyways”
Literal retards
Sounds like your company does some sort of match. Depending on how much of a match they give, he could be effectively getting shares for half price, which would change the calculation a bit.