Obviously I know that the markets go up and down but this is really starting to feel like fall of 2008 where it seemed every other day the stock market dropped hundreds of points.
I know that at 34 I'm in it for the long haul and have 25 years before I can touch the money tax free, but I checked my 401k on Thursday and it had dropped 12.6% from the beginning of the month. It's probably pushing 14-15% loss at this point. 14-15% is a phenomenal gain in a year but yet I've lost that in under 4 weeks and nobody in the general public seems to be worried.
Given the market volatility in the last couple months it seems like the fed raising the interest rates last week was a terrible idea.
It's pretty concerning to me that I'm saving 15+% of my income towards a retirement that could be taken away in a matter of months due to market fluctuations.
I know that at 34 I'm in it for the long haul and have 25 years before I can touch the money tax free, but I checked my 401k on Thursday and it had dropped 12.6% from the beginning of the month. It's probably pushing 14-15% loss at this point. 14-15% is a phenomenal gain in a year but yet I've lost that in under 4 weeks and nobody in the general public seems to be worried.
Given the market volatility in the last couple months it seems like the fed raising the interest rates last week was a terrible idea.
It's pretty concerning to me that I'm saving 15+% of my income towards a retirement that could be taken away in a matter of months due to market fluctuations.
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