I trusted a boomer financial advisor.

[Anonymous No.56523954]

My old FA put me into a large position in my Roth IRA in GPGOX at the end of 2021/start of 2022 and at the end of 2023 I'm still down about -40% in that position. The other two big positions they put me in were $ARTJX and $LCLAX which are both down around -30% as well. I'm just wracking my brain trying to figure out how they're preforming so badly and I see that these do have higher expense ratios. But it just feels like its hemorrhaging money every time I check in on it. Does it make sense to just leave them alone and hope they break even in a year or two so I can recoup some of my losses? Or just sell now at a massive loss and just go back into a growth fund or something?

My three fund portfolio was doing fine on its own before I took a pastor's advice and used his financial advisor and basically paid them 1% to lose 25% of my retirement account. Absolutely livid at them, I would have been better off parking the money in my checking account.

I fucking hate boomers so much.

[Anonymous No.56523964]

lol get fucked

[Anonymous No.56523975]

>>56523954
Stocks don’t recover

[Anonymous No.56523984]

buying obscure funds, nigger just buy litecoin

[Anonymous No.56523989]

sounds like your advisor deserves a bullet to the head. He tricked you, got paid, and ultimately doesn't care.

[Anonymous No.56524021]

>I'm just wracking my brain trying to figure out how they're preforming so badly
Stock mutual funds are long-term investments: they're meant to grow over decades. So you can't judge them by how they perform after one or two years.
>and I see that these do have higher expense ratios.
This is a valid criticism though. 1.54%, 1.29%, 1.35%... awful.

If I were you, I'd take the Bogle pill: sell these funds and buy cheap index funds instead.

[Anonymous No.56524029]

>>56523954
Why did you trust a boomer financial advisor in the first place?

[Anonymous No.56524056]

>>56523954
the advisor doesn't give a shit, they get their expenses and fees
this describes most normal "financial advisors" - they charge fees to underperform the market because most normies need someone telling them what to do in order to stick with any plan of action
it's not optimal, but you could set up an auto-contribution to a global index fund, never check the account for 20 years, and beat the pants off whatever they would sell you.

[Anonymous No.56524068]

>>56523954
>before I took a pastor's advice and used his financialadvisor
Huge red flag if he recommended someone specifically. These guys get kickbacks on referrals and the people they recommend take you for a ride.

My dad's church has all been gifted by mechanics and handymen/general contractors that were recommended by their pastor. Sounds like its a similar situation for you.

[Anonymous No.56524070]

>>56524021
this anon is giving sound advice in general.
this method is also flat or slightly down in recent years (since 2021), but that happens with any investment, and everything is in a slump right now. this is far more prudent long-term advice compared to giving money to dumbass fund managers who chase trends.

[Anonymous No.56524072]

>>56524021
Bro that was what I was doing before but this fucking boomer convinced me to trust these guys because they made him so much money off of tesla. Everything else is sold and back into my 3 fund portfolio, but I don't want to sell these three funds yet because they are down so massively. What would you do?

[Anonymous No.56524081]

>>56524068
>>56523954
>Pastor
Remember that only eastern unorthodox, eastern Catholics and traditional Catholics have valid priests.

Also priests should not be involved in such worldly matters, seems you are part of a false Church anon.

[Anonymous No.56524086]

This is all a financial advisor will tell you https://voca.ro/1nJYWNczIAZL
If your IQ is above 83 and you aren't woefully underinformed, there is not a damn thing they will say that will help you

[Anonymous No.56524087]

Ooh sweet summer child
Your boomer advisor just got paid while you got fucked
They don't give a shit about your investments nor they care if they're good or bad calls.

[Anonymous No.56524089]

>>56524072
>What would you do
I would go 100% into LINK.

[Anonymous No.56524112]

>>56524072
>I don't want to sell these three funds yet because they are down so massively. What would you do?
Even though they're down hard, I'd still sell them and move the money into better funds. You've lost value - there's no way to change that - and the best way to grow your money isn't by staying in those shitty expensive funds.

[Anonymous No.56524125]

>>56523954
kek baggie

[Anonymous No.56524130]

>>56524072
>What would you do?
keep your seedword in your head and carry a loaded firearm.

[Anonymous No.56524132]

>>56524072
selling the dump is generally dumb, but if you get out and into a proper low-fee index or mutual fund with a very long track record, and then (most importantly) avoid panic-selling when THAT fund inevitably has a slump someday, that's best.
carve off a fixed percentage of your income to play in crypto if you want to try to beat the market. just don't let that eat away at your core long-term holdings.

[ToadVine !kYGg7OYpTE No.56524222]

>>56523954
I'm looking at these charts, and they seemed to have been going sideways for years and years? I do not see a dividend payout either? What was the supposed upside to this? Could you not have trusted yourself and thought for yourself on this one?

[Anonymous No.56524255]

>>56523954
trusting jews

[Anonymous No.56525030]

>>56524222
I don't know. It was a mistake but thankfully I'm still young.