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/biz/ - Business & Finance

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56270100 No.56270100 [Reply] [Original]

The fund I have all my Roth IRA money in is TANKING

What do I do?

>> No.56270227

likely meaningless over decades

>> No.56270335

>>56270100
Sit back and chill.

Its an economic cycle. They happen. Look at the gains in the S&P between 1994 (dotcom bubble) and before the 2008 (housing crash). Look at the gains between the housing crash and just before Covid.

Shit happens. The economy is a cycle that, in general, trends upwards.

>> No.56270381

>>56270100
CASH OUT NOW. PUT THE MONEY IN A MONEY MARKET FUND. PROTECT YOUR CAPITAL.

>> No.56271502

>>56270100
>What do I do?
You do nothing because an IRA isn't meant for active trading. Especially if you have your money invested in stocks with it. Maybe in 20-30 years go back and reallocate the funds to be more conservative as you get closer to retirement

>> No.56271842

>>56271502
Not if he loses all his money in the Biden crash

>> No.56271866
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56271866

>>56270100

Give me more details OP.

>> No.56271867

>>56271842
>the Biden crash
Two more weeks!
All of the S&P companies will crash!
The world is ending!!!
Better panic about your retirement account as the world is burning around you!!!

>> No.56271972

>>56271867
yes.

>> No.56272729

>>56270100
sell it all for cash and then buy after the crash is over instead of holding for years waiting to make back money

>> No.56273019

>>56271502
although not intended for active trading, people do swing trades in it once or twice a year. No tax penalty if you don't take it out..

I have an aggresive stocksin my roth, I had a inkling it was going to tank like shit today, but I am honest about the fact that I am not good trader, and will end up just chasing after losses until my contribution hits 0.

>> No.56273131

>>56271842
>>56271867
The economy is doomed in another 20-30 years. The US debt will eventually get so high that WW3 is inevitable and the US is going to eventually be forced into another civil war at some point.

>> No.56273220

>>56270100
It's set it and forget it you're not supposed to try timing it. If you see a likely black swan event happening then you could take out what you've put in because i believe that's shielded from the early withdrawal fee. Im not sure how the capital gains tax works with that. I imagine it's long term and you already paid taxes on it because it's a roth, but that may not be protected by early withdrawals.