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I just opened a Roth IRA, and am ready to invest in the stock market

spaggyroe

spaggyroe

Man Flu Survivor
Location
Lehi
TurboMinivan said:
And like the rest of you, my 401k and HSA accounts (which are invested only in index funds) have taken a beating so far this year.

Hang in there, everyone. Remember: successful investing is a long game.
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You're right there Dempsey. I've been taking an ABSOLUTE BEATING in 2022.
I'm a long term investor, so my game plan all along has been to ride out the waves (or tidal waves in the case of 2022), but man does it sting to see your account drop like this.

It'll come back.... eventually....

In the mean time... index funds are on sale!!! :cool:
 
glockman

glockman

I hate Jeep trucks
Location
Pleasant Grove
I usually look at my 401k once a month at most. When I do, I rarely look at the amount, I just pull the 24 month return. This week I looked at that and realized that May of 2020 was after the sell off due to Rona so that wouldn't be a very accurate reading, regardless my rate of return for that period is 34.8%.
To get a better read, I went back to May of 2019. That rate of return is 31.4%. I'll keep DCA investing, crank it up a % or 2 now that stuff is on sale and hopefully be a multi millionaire in my 50's.
 
Corban_White

Corban_White

Well-Known Member
Location
Payson, AZ
glockman said:
I usually look at my 401k once a month at most. When I do, I rarely look at the amount, I just pull the 24 month return. This week I looked at that and realized that May of 2020 was after the sell off due to Rona so that wouldn't be a very accurate reading, regardless my rate of return for that period is 34.8%.
To get a better read, I went back to May of 2019. That rate of return is 31.4%. I'll keep DCA investing, crank it up a % or 2 now that stuff is on sale and hopefully be a multi millionaire in my 50's.
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And then once you are a multi millionaire you can probably afford to buy groceries again! :rofl: ;):eek::oops:
 
jeeper

jeeper

I live my life 1 dumpster at a time
Location
So Jo, Ut
I looked at a graph of my IRA's this week.







Could have just put the money in the bank for the last few years and been better off 🤦‍♂️

All those HUGE gains during 2020 are gonzo.
 
jeeper

jeeper

I live my life 1 dumpster at a time
Location
So Jo, Ut
skippy said:
The gentleman that manages my portfolio cashed nearly everything out back in january and it has single handedly been the best move we have ever made.
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We met with our guy in March.. I almost put is a lot more.. but held off for a second.. that was my win. Lucky you!
 
TurboMinivan

TurboMinivan

Still plays with cars
Location
Lehi, UT
Since it is the end of the year, it's time to step back, analyze performance, and plan for the future.

As a reminder: at the end of 2021, my dividend average was $123.17/month. My goal for the end of 2022 was to reach an average of $175/month in dividend income. Checking on my account deposits, my dividend earnings for Oct/Nov/Dec were $294.03/$75.74/$155.88, totaling $525.65... which when divided by three equals $175.22 per month. <phwew!> Made it!

My goal for the end of 2023 is to increase to $235/month average dividend income.
 
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