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.
Not saying that’s not frustrating, but don’t fixate too much on the ups and downs of it if you’re not set to retire soon. What the stock market is doing now is barely going to impact the value of your retirement fund in 20, 30, etc years.
Retiring on $15k is a scary fucking thought.
$11k
Even scarier.
$7K a year ago
I thought you need $401k to retire.
Oh man I have some bad news for you…
The OP is missing something. The two specific funds of his 5 holdings that he said he bought are both up. The 3 he didn’t provide specifics are up too.
$15k should be all in Vanguard total market index. Smaller funds are riskier and could take decades to show their greater returns.
Also, if they are look at the ups and downs, hopefully they invested when it hit the dip.