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.
Comment on [deleted]
Buttflapper@lemmy.world 1 month ago[deleted]
capital@lemmy.world 1 month ago
sudoshakes@reddthat.com 1 month 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.
Buttflapper@lemmy.world 1 month ago
What’s the difference between Fidelity and vanguard Target date funds, if any? Also, how do you know which year to pick?
vxx@lemmy.world 1 month 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.
Jim@r.nf 1 month 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.