Comment on [deleted]
IMongoose@lemmy.world 2 weeks ago
My Vanguard roth IRA is up 11% since 2020, and is up 30% just this last year. If you are investing into individual stocks yourself I would probably reconsider that strategy. Buying individual stocks is closer to gambling than investing.
scrubbles@poptalk.scrubbles.tech 2 weeks ago
Yeah idk what they’re doing, it sucks but relatively compared to a full retirement fund this seems more like a lesson than devastation. My retirement is up, and I have a modest risk portfolio. I don’t know what they set as their risk level (if it’s even managed tbh), but the market has generally grown since 2021. The only thing that makes sense with that is individual stocks, and there’s no way my retirement would ever run on individual stocks.
Look at Tesla, 4 years ago everyone said they were stable and a great way to grow money. Now they’re floundering in the EV market now that there’s a ton of competition. You just can’t predict stocks over the course of a retirement. You can predict the market, and essentially the only market bet we make with our retirement is that it will hopefully grow over the next 30 years
Poik@pawb.social 2 weeks ago
They likely were using a full retirement fund, like VTINX or Vanguard Target 2030 or something like that. All of them tanked in the end of 2021 up to target 2060. Even my shares in the Total Bond Index tanked then, and those are supposed to be as low risk as possible, literally.