/biz/ - Business & Finance

[Anonymous No.49733791]

I'm 21, started my first "real" job and have been putting 5% of my paycheck into a 401k along with a 5% employer match since February.

These fuckers have done nothing but lose my money. At no period have I ever been in the green and it's only getting worse.

Should I stop giving these people money? I don't really know what the game plan is here. I like getting free money from my employer but I'm sick and tired of these fuckers at fidelity losing my money. Why not just yolo my retirment money on a roulette wheel at this point because I'm sure that has better odds.

[Anonymous No.49733832]

>>49733791
Ehh I don’t give a shit what mine does. I do the full 5% match and an additional 15% split between an IRA account and a personal degenerate gambling account

[Anonymous No.49733835]

>>49733791
Retirement is a boomer grift, this country won’t exist by the time you’d be expected to retire.

[Anonymous No.49733893]

>>49733835
I'd okay. My grandpa's from Derry so I have that ez EU exit strat planned.

[Anonymous No.49733916]

>>49733835
After boomers are dead this country will also be. Those greedy fucks are the only ones that will ever know this luxury off "retirement".
>>49733893
>EU
Oh the same place sand niggers and africans use as an exit strat?

[Anonymous No.49733941]

>>49733916
Yeah but I'm also autistic as shit so I can collect neetbux and live amongst other autists (Finns)

[Anonymous No.49734140]

>>49733791
It's a 2x every 5 years so adjust your expectations

[Anonymous No.49734307]

>>49733791
>5%
at 21 you should be maxxing the shit out of savings ESPECIALLY during economic downturn like right now.

[Anonymous No.49734406]

>>49733791
You fell for the original ponzi

[Anonymous No.49734832]

>>49733791
>he thinks civilisation will still exist by the time he retires at 85
Topkek

[Anonymous No.49734913]

>markets crashing
>why is MY 401k dropping?

/biz/ is full of geniuses.

[Anonymous No.49734939]

>>49734913
I don't give a fuck about other people's money. I just don't want to lose mine

[Anonymous No.49734965]

>>49733791
It could be relevant that contributing lowers your taxable income.

[Anonymous No.49735001]

>>49733791
>Fidelity
If your retirement plan with them is like mine you can move your 401k contributions to a brokerage account and buy whatever stocks you want.

[Anonymous No.49735064]

>>49734939
You’re investing long term. Who fucking cares if there’s a recession for a few years?

[Anonymous No.49735115]

401k is a 30 year plan. If you don't like it don't invest retard.

[Anonymous No.49735779]

>>49733893
I think you mean Londonderry m8.

[Anonymous No.49735832]

>>49734832
This. Invest in your body aka work out every day.

[Anonymous No.49736320]

>>49733791
put way more in, this is the time to buy, you could be set for life if you put in 100k in the next 2yrs

[Anonymous No.49736440]

>>49733791
Invest a few hundred dollars in the lottery every month, who knows you might win over the years.

[Anonymous No.49736488]

>>49733791
Everything is on sale dum dum. Why do you need cash from your 401k at 21 anyway?

[Anonymous No.49736520]

>>49735779
based orangeman

[Anonymous No.49736728]

>>49733791
I put all of my savings in memecoins and have yet to see any financial ruin
i have yet to see gains as substantial as the ones people who got into doge got, but so far so good, 200% and counting

[Anonymous No.49736794]

>>49733791
>>49733791
>buy high and sell low

Never change biz

[Anonymous No.49736863]

>>49733791
>>49733791
Real legit advice. Match your company’s contributions then open a Roth IRA and max it out. If you have left over cash continue to add to your 401k till you max it out aswell. Then you can start gambling on monkeybonkretard coin

[Anonymous No.49736899]

>>49736863
why i need a ira when monkeybonkretard coin is my retirement fr fr no cap

[Anonymous No.49737377]

>>49734939
Damn, you are retarded