My retirement fund that I just started was worth $15k in December of 2021. Then, May of 2022, our area was hit really hard. My retirement plan went down to $7k. Today, it’s worth $11k. I lost $4k on my retirement plan. It’s invested in total market funds, some tech, some big cap companies, and healthcare. But every sector has been ravaged by the stock market changes.

  • partial_accumen@lemmy.worldEnglish
    5·
    21 days 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:

    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).

    • Poik@pawb.socialEnglish
      5·
      21 days 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.