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JFC. Just buy a target date fund. This post makes it clear that you don’t really know what your’re doing so please do yourself a favor and just pick a target date fund like this (or equivalent if Vanguard funds aren’t available to you) and don’t mess with it until retirement.

If you want to take the time to learn more about what you should probably be doing, here are some resources:

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Buttflapper@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
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- Jim@r.nf ⁨3⁩ ⁨weeks⁩ ago
  He’s being “rude” because you’re losing faith in your fund for no reason. Thankfully you have a financial advisor. The problem is not US retirement plans, the problem is it’s only been a few years. If the target date is 2050 then assuming capitalism doesn’t collapse entirely, you’ll be fine. Look at it on the larger time scale that it is. A few bad years is normal fluctuation.
  
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- capital@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
  Because you’ve come to the conclusion that “retirement in the US is a scam” evidently based on a few years of data in just your portfolio. Retirement savings is built over decades.
  
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- sudoshakes@reddthat.com ⁨3⁩ ⁨weeks⁩ ago
  If your portfolio was a Fidelity target date fund, it would not be impacted by the local industry you mention in your post.
  
  I also happen to know more about the details of how our retirement fund recommendations to clients works at Fidelity… because I worked there for the last 5 years.
  
  You are showing the results of poor selection on your part.
  
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  - Buttflapper@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
    What’s the difference between Fidelity and vanguard Target date funds, if any? Also, how do you know which year to pick?
    
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- vxx@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
  How did you manage to lose money on a 3 fund portfolio, if one of its strengths is that it never underperforms the market?
  
  Something doesn’t add up. Sounds and looks like you gambled first and then went with a solid investment.
  
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