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25
posted 1 year ago by derjudenjager on scored.co (+0 / -0 / +25Score on mirror )
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ImBillCurtis on scored.co
1 year ago 3 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
BeefyBelisarius on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
>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.
ImBillCurtis on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
Not really. Dumping money into a fund while it’s losing money is the opposite of what anyone should be doing.
bobbacringo on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
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.
ImBillCurtis on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
… so you threw money away for years before it broke even..
bobbacringo on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror )
Yes and no. You're still buying shares. The more the market sinks, the more your money buys. So when it rebounds you make more off of it.
systemthrowaway on scored.co
1 year ago 0 points (+0 / -0 ) 1 child
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.
ImBillCurtis on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror )
I don’t at all. I’m tail end millenial and still trying to keep my head above water
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