/biz/ - Business & Finance

>>17896738
yes but three weeks ago.

Wait it out, wtf is with always taking out at the sign of some fear

>>17896830
Probably because people don't want to lose money due to everyone else panicking.

beta doesn't manage his own funds. lmfao

>>17896738
lol you literally sign a document where they tell you where they're gonna put it and if you'd like them to include anything

>>17896956
>>17896993
It was out of my hands when I inherited it IIRC.

Sue for malfeaseance if the contract was broken. Quadruple investment and put bad investor funds out of business. There's too many of them.

>>17897026
Its being managed by USAA, I doubt I'd get far suing them, and I don't think they fucked anything up on their end anyways.

>>17897094
Just look at the contract if you're serious about your question. If not go back to r3dd1t and block 4chan off of your usable websites. Thank you.

>>17897026
>sueing a bank

Funny, my parents have also lost about the same amount in their IRA (which is also managed by USAA).

>>17897320
What is settlement cost vs reimbursement. I doubt you've dealt in law it would probably suit you best not to bother. Contract is contract. You completely failed to comprehend my response and I am concluding that your thought process is faulty to the point where it should be considered about as much as one that comes from a trash can.

Which funds OP? What was the original investment amount

>>17896738
Why can't you just switch it to non-managed by moving it to Vanguard or something?

>>17896738
Begin making your re-positioning decisions by next week, if you're intending to do anything. There's a bounce coming.

>>17897696
Before it tanked or when it first started?

>>17897706
I dunno, my understanding is that trying to do anything other than what is currently being done with it will cost me a boatload of money in taxes.

>>17897781
I'm terribly uniformed about stocks/bonds/markets or even what my own money is doing, please elaborate for a low IQ retard like myself.

>>17896738
>selling when the market is down this much already
You're late to the selling game. You're going to end up jumping out of windows tier, you fucking retard. If you can't hold the bags at this point, you're in for suicide.

>>17897791
Yeah what was the original amount when you inherited? $60k? $300k? If you lost $33k on a $600k investment, way different from losing $33k off a $100k account

>>17897781
>bounce
>when America is still in the 4-digit official case count
How delusional are you about what this is going to do to the fucking market? If the administration doesn't do something fucking drastic soon, we're looking at over a million Americans dead. And the most consumerist Americans ever bred. Boomers. If you don't understand that we're barely scratching the surface, you're beyond saving.

>>17896738
it'll be up again in a year or two, so just stomach it if you can

>>17897829
$256k

>>17896738
You didn’t short to hedge?

just hold at this point man, could drop 20% more who knows, time to take your money out has passed

>>17897869
>You didn’t short to hedge?
I don't know what that means, I was only like 19 - 20 when I inherited it.

>>17897920
>only like 19 - 20
So a fully grown adult?

>>17897940
Nope, a dirty NEET, which I still am. I have 15 years of 3pm to 3

>>17897959
*3 pm to 3 am Video game experience though.

>>17897837
>Death rate of less than 1%
>Million Americans dead

>>17897864
That's not awful then. 25% is the norm for 401K/IRA losses right now. You may want to transfer this account to Vanguard or Fidelity though, USAA isn't known for good investments

Hahahaha fuck you and your inheritance little parasite bitch

>>17898013
They've been doing an alright job with it so far though, my initial investment is down to 170k from all the mandatory distributions and extra I've taken out over the years. It was at over 286k at the start of 2020.

>>17898048
Thinkin about taking it all out, buying an apocalypse bunker and tens of thousands of rounds of AMMO, dozens of replacement parts for my guns, years worth of food stockpiles and dozens of panels of lvl 4 body armor and carriers and saying fuck the tax man, come get me if this shit doesn't fuck the world into a boogaloo.

>>17898067
Are your funds low expense? Would hate to be in expensive funds which are also tanking performance wise

>>17898173
>Are your funds low expense?
I don't know. I'm going to call my investment adviser tomorrow and see whats what.

>TRUST FUND BABIES BTFO


HAHAHAHAHAHAHAHAHAH YESSSSSS

Too late now, just wait.

>>17898223
Trust fund is a bit of an overstatement but, yes I am being BTFO currently.

>>17897985
>death rate of less than 1%
This doesn't even warrant a response. CDC aggregate death rates are estimated at 3%. That's discounting what I think are more accurate metrics than faulty metrics I think the CDC uses (-t. ORSA)

>>17898943
I don't care how many boomers die, I just don't want them taking my money with them.

>>17896738

you aren't retiring for 30 years zoomer it doesn't fucking matter what stonks do

>>17899182
I'm not employed silly.

bump

rekt

>>17897920
Dude... I knew what a short was in 5th grade. Start learning your shit man, you're too old.

>>17896738
Too late, maximum is market correction of around 50-60% more likely 30-40%.
You should have done that back in early February. It was 100% obvious this would happen by then.
The investment game is not for you. Just leave it in

I just heard on the news just now that we are a full 18 months away from a vaccine of the sorts hitting the marketplace
Fucking fuck man. How long was the swine flu and H1N1? It’s been so long that I forgot about it.

>>17900471
>>17900484
It never really felt like real money because I never used any of it, and left it in the hands of USAA on the suggestion of all my boomer family members. Now that its tanking like crazy I would like to start learning about these things and maybe find a way I can manage it myself without taking a massive tax hit.