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Dkarma@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

This this this. Op is a shit investor using his 401k to buy individual stocks.

Tldr; he’s doing it wrong.

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Poik@pawb.social ⁨2⁩ ⁨weeks⁩ ago
Stop. The Vanguard retirement funds all did this if the target is before 2060. And those are invested in index funds by professionals. OP likely had the VTINX or a total bond fund, both of which did this that year and were recommended for during retirement. This is likely the more liquid portion of the portfolio, not the penny stock portion.

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- partial_accumen@lemmy.world ⁨2⁩ ⁨weeks⁩ ago
  
  Stop. The Vanguard retirement funds all did this if the target is before 2060. And those are invested in index funds by professionals. OP likely had the VTINX
  
  OP’s losses are more exagerated than just the Target Date fund experiencing a dip from bond exposure.
  
  Here’s OP’s same initial investment on the same day but 100% in VTINX:
  
  Image
  
  So instead of a $4k loss that OP showed, it would been a $71 loss. OP went picking individual stocks and got burned (assuming they liquidated their position after seeing their portfolio balance).
  
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  - Poik@pawb.social ⁨2⁩ ⁨weeks⁩ ago
    Yeah. You’re right. And their recounting of what they invested in makes no sense. I caught that later. So there’s definitely poor choices somewhere they aren’t mentioning.
    
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vxx@lemmy.world ⁨2⁩ ⁨weeks⁩ ago
BBY all in yolo!

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