/biz/ - Business & Finance

[Anonymous No.11357178]

>forced to get job because of crypto losses
>make first contribution to 401k last week
>stock market immediately begins to crash

CANT MAKE THIS SHIT UP.

[Anonymous No.11357194]

>>11357178

[Anonymous No.11357206]

>>11357178
Were you under the impression that Crab-17 was over?

[Anonymous No.11357219]

I started a new job back in March and opted out of a 401k because I knew it would crash late this year or next for sure

[Anonymous No.11357227]

>>11357178
quit expecting the financial markets to pay your way through life, you've got to pull yourself up by your bootstraps

[Anonymous No.11357348]

>>11357178
At least you didn't cash out your 401k, pay insane taxes on it, and put it all on BTC at $18k+

[Anonymous No.11357367]

>>11357348
Im willing to bet not one person in the whole USA did this

[Anonymous No.11357368]

>>11357348

I put half of my post-tax savings into it at $15k though

[Anonymous No.11357378]

>>11357367
You couldn't be more wrong

[Anonymous No.11357434]

I feel your pain anon. I put 3K into my Roth at the end of September. We'll get through this together.

[Anonymous No.11357458]

If I have to get a job I will kms
Thankfully I get welfare and can put it on bitmex

[Anonymous No.11357466]

>>11357178
>bitching about one(1) 401k payment going down in value a little
You should be happy that you haven't been paying in for years you fucking simp.

[Anonymous No.11357468]

>>11357178
Consider yourself lucky. Now everything that goes into your 401k is purchased at a cheaper price.

[Anonymous No.11357478]

>>11357378
The bull run only lasted like ~2-3 months and I'm sure no one acted that quick and was able to even get stuff set up to buy in time

[Anonymous No.11357486]

>>11357178

Thought you could escape me, huh?

[Anonymous No.11357492]

>>11357378
This. There were people who remortgaged their house for btc at 20k...
Currently living in rektville.

[Anonymous No.11357519]

>>11357367
I'm absolutely sure it's happened many times. I almost did it when BTC dropped down to $12k but I decided the penalties and taxes were too high.

[Anonymous No.11357554]

>>11357227
Tell em brother

[Anonymous No.11357770]

>>11357367
Then you would lose that bet.

>>11357478
It takes like three clicks and less than 5 minutes to cash out a Vanguard 401k.

[Anonymous No.11358266]

>>11357178

if you think this matters for your 401k then you obviously have little understanding of how investing works. no wonder you lost so much in crypto.

[Anonymous No.11358547]

>>11357178
>he bought?

[Anonymous No.11358573]

>>11357434
>Roth
You literally paid state and federal taxes then paid a hooknose to manage your (((investments))) literally why do you have this level of autism?

[Anonymous No.11358632]

>401k
>health insurance
>having enough money at the end of each month to put away into savings

lmfao you guys don't seriously do this, do you? its 2018 lads i mean come on.

[Anonymous No.11358715]

>>11358632
Normies are under the impression that of you don't have all those things they are literally breaking the law lmao

[Anonymous No.11358757]

>>11358573

I caught 2 of my coworkers putting their money in their 401K using roth contributions, instead of pretax. I told them to fix that shit right now. Felt good.

[Anonymous No.11358777]

Been putting 15 percent into a Roth 401k for a few months now. But into "low risk" 2025 target funds only. Will transfer into 2055 target fund only when stock prices collapse.

[Anonymous No.11358789]

mfw i sold all my stocks, up 30% for year from weed memes, and im siting in cash on sidelines....i learned my lessons from btc anon...

[Anonymous No.11358807]

>>11358777

>Target funds

How big is the expense ratio? If you have the option to choose your own investments, I guarantee those target date funds have much higher expense ratios than the real investments, without giving better returns. Target funds are for normies who don't have a clue about investing and investment companies take advantage of that.

[Anonymous No.11358818]

>>11357178
>contributing to 401K
lulz

[Anonymous No.11358919]

newfag from /sp/, what should I do with my TSP account? I've both a uniformed service and civilian account and I'm fairly new to the investment game. Got mine allocated towards Small Cap, Common Stock, and International funds atm.

[Anonymous No.11359094]

>>11358807
Looks like 0.15% not too terrible? Honestly just want to be a normie regarding 401k, got fucked up enough on crypto.

[Anonymous No.11359216]

>>11359094

0.15% is good. Wait out the current storm and buy the bottom of the stock market. Your 401K should be in stocks until you're like 50, then it makes sense to start switching over to bonds.

[Anonymous No.11359261]

>putting money into a 401k
what if you die before age 60? tax benefits aren't worth shit if you're fucking dead

[Anonymous No.11359668]

>>11359261
>>11358818

>lel don't save for the future YOLO XD

LMAO @ young people. This is literally how every 50 year old boomer thought when they were in their 20's and now a huge percent of them are worth practically nothing and will live the second half of their life slaving away in poverty.

[Anonymous No.11359758]

>>11359668

I used to feel bad when I saw old people working as cashiers or something. Then I realized they are all Chad and Stacy, only 50 years later.

[Anonymous No.11359804]

>>11357178
AHAHAHA I dumped my 401k earlier this year and everyone called me crazy. Thank you bagholders.