I know no one wants to hear this but my 401K rose over $200K since the election.

Having a net worth over 7 figures is not that big of a deal these days, especially if that figure includes your real estate.

OP, really curious: Why in the world do you feel inspired to announce this to the world of DL? Do you think we are all going to be singing to the heavens for you?

I'm not kidding. I'd really like to know why you started this thread.

Cool, OP.

What kind of a stupid investment plan do you have that is has been stagnant? The S&P 500 has had an annual return of 14 percent from the beginning of the administration up to November 1. Consider an index fund. Do better

[quote] Having a net worth over 7 figures is not that big of a deal these days, especially if that figure includes your real estate.

It's still a pretty big deal. Fewer than 20% of Americans have a net worth of 7 figures.

You don’t have anything until you sell, and if I’m not mistaken you will have to pay capital gains on the profit if not the principal.

I have a huge profit coming when I sell some real estate I’ve been sitting on for almost 30 years but half will be eaten up in taxes since I can’t dump it into another primary residence.

Moral of the story: don’t count your chickens before they are sold and the tax paid on them.

R5, that says more about the pitiful situation most Americans find themselves in vis-a-vis retirement savings and not so much about how wealthy you think you are.

What does it mean to say you have net worth of over seven figures? Do you have eight figures? If so, why don't you say that? There is no 7.3 or 7.5 figures.

You don't seem to be financially or quantitatively literate, which way be why your investments were doing so poorly until this bizarre supposed windfall.

Aren’t you glad you voted Trump!- money is the only thing that matters.

Trump voters are notorious liar's

What kind of idiot has had stagnant growth since the pandemic? My wealth has increased by three times over Biden’s term and is well into seven figures, since that is apparently a thing. But what do I know? I don’t vote for rapists.

[quote] That says more about the pitiful situation most Americans find themselves in vis-a-vis retirement savings and not so much about how wealthy you think you are.

In what country is the equivalent of a seven-figure dollar retirement fund commonplace?

You (or your advisor) must be retarded, frankly.

OP, you've provided a valuable glimpse into the intellect and mental world of a Trump voter. You shouldn't have been so apologetic about posting.

It just now gained money?

Nah.

Troll post.

J'accuse.

"I now have a net worth of over 7 figures" - implies that it just went over $1mm for the first time.

"That includes my liabilities such as my mortgage. I have no other debt." The average house price in 2024 in the US is about $405K. With this net worth, it's unlikely he's sitting on a property worth $2mm. Let's say OP's home is worth $500K and he still owes $250K.

He claims that his 401K rose over $200K. With the previous information, this means his 401K could not have been much higher than $750K otherwise his net worth would have been over $1mm before the so-called run-up of $200K.

There is NO way the usual basket of mutual funds and other investment vehicles typically available through 401Ks rose by over 25% in three weeks.

Not a chance in hell.

Smell you, OP!

OP = blatant liar, lives off "Go Fund Me" accounts & government cheese.

R12, there are countries in which the average income is less than $4 a dollars a day.

If you’d like to set aside straw man arguments for a second…

More the 17% of Americans are over the age of 65, meaning that they are in the process of spending down their net worth. More than 21% of Americans are under the age of 21, which means they haven’t even begun to build their wealth.

That means that, if we accept R5’s numbers and around 20% of Americans have a seven-figure net worth, and we take away the almost 40% which aren’t earners and building wealth, then it becomes less and less a flex that OP is amongst the 1 in 3, roughly, Americans who have a net worth of $1 million or more.

R4 beat me to it. Bragging about lagging the market for years isn’t a flex. Curious about your recent “surge”. Are you mostly invested in DJT stock and doge coin?

It’s not a strawman argument. You are just illiterate

The post I was responding to said it was a sad commentary that only 20 percent of Americans have a net worth of seven figures. I was commenting that, far from being a sad commentary, I could not imagine such wealth is common in many countries outside of America. Nothing in my comment questioned the frequency of such wealth in the US. So, I don’t know why you are trying to convince me of it

You can ask next time if you don’t understand.

My balls really hurt tonight, I hope I'm not having an issue of some sorts.

I've decided to buy a new laptop.

[quote]Trump voters are notorious liar's

Oh, dear.

R21, I’m sorry. I expected you to understand that America has not only the highest standard of living but the highest cost of living. Yes, there are countries which don’t have the vast wealth that America has, but they also do have the costs that America has.

Perhaps the lack of understanding and illiteracy is a problem on both sides.

R25 The US does not have the highest standard of living.

You’re really crushing it, kitten.

Cheers, Eight figures

Please keep us updated, r22

You guys sure do live in a bubble!

You'd all starve to death on what I live on, as well as many, many others. So, as my mother would say, "Shut up and be glad!"

....

Oh...I get it! We're shitting on OP because he started a stealth Drumpf-is-good discussion. I was confused because I know DL-ers LOVE money and I figured they'd all be impressed enough by OP to start rattling off their own numbers.

The market is at a new high since Trump,got elected. But it was hitting new highs daily under Biden. The returns this year under Biden have been great.

Trump isn’t President yet so let’s see how things shake out when he starts with tariffs and deportations.

r24. They're possessed!

We just don’t know, r32. If there is 15 percent inflation, having assets in the stock market may protect the value of your money. Or it could tank. Or, though unlikely, the money generated could offset the inflationary effects of deficit spending. Or Trump could back off once he finally understands how tariffs work.

Bad things could have happened under Harris. But Trump seems set on it.

Trump and his rich backers will never do anything that hurts their bank accounts. That’s one thing you can be 100% sure of.

I mean their wealth.. probably not much is in a bank!

There's no point in getting too attached to an investment balance that will fluctuate wildly with Trump and his moronic cronies (including Musk) at the helm.

How nice for you. How nice for your 401K. How nice for everybody!

Sure, Yuri...I mean, Jan.

OP’s broker is George Glass.

Aged like milk.

OP - what you’ve described is light years ahead of how most 401k plans are performing.

What funds are you invested in? Ticker symbols will do nicely.

I’m in JEMUX and JILAX. They are relatively flat since the election.

Bragging is boring.

OP's post was in November. Will OP tell us how his 401K is after this week's market losses?

OP

Will OP trumpet his six figure net worth ?

OP, how has that worked out for you? So sick of Nazi apologists. It’s all fine until the market tanks, then there’s a problem! Who ever cared about democracy before you lost some money.

My own retirement accounts took a big hit this week, and it’s hard not to wring my hands bout it.

I already have OP blocked, which leads me to believe that the initial post was bullshit.

Do you feel better, having made your pronouncement, OP?

Why do you think that that is?

We will all look at this through a prism of our own financial situation. I work and do pretty well, but my siblings are all retired and live off the balances of their retirement savings. One also manages the savings of several clients. I can imagine that’s as or more stressful than figuring out my own personal loss.

It’s a shitty time right now culturally and now financially.i can own my share of disappointment but not too much of others’. Many of my friends are broke with little or no retirement savings, so I’m unlikely to complain to them about the balances of my 403(b) accounts dropping. I want to be sensitive that way.

Give it time OP. Enjoy those gains while you've got 'em. Because if Trump keeps on the way he's going those gains are going to disappear sooner than later.

[quote]OP because he started a stealth Drumpf-is-good discussion.

But not telling you the investments are in Gold Derivatives and Crypto.

The original post was from last Thanksgiving.

I doubt OP has much to crow about today.

Live by the bubble, die by the bubble.

When The Sage of Omaha moved to cash last year, do did I.

Best advice evah!

OP, got tariffs?

7 figures is impressive if you live in Bumfuck Iowa.

[quote]OP's post was in November. Will OP tell us how his 401K is after this week's market losses?

I'm sure that OP is in a position that he can weather through it until the market recovers.

Op, sure, Jan

Bragging is unattractive unless you do something like cure cancer.

Today is Easter Monday, 04/21/2025

The DOW is down about a thousand points at 12:30pm EST.

How do you feel now, OP?

But of course you must be shorting the Trump market.

We are in a slinky market, as every major drop is followed by a 50% recovery.

Every recovery is a desperate market, giving Trump a chance to change course.

He won't.

When Trump came into office, the Dow was near 20,000.

I feel comfortable that he sees all that cash is his and will drop the market back to 20,000.

Hey, OP, how is your privileged life these days, lol?

OP will return a year or two from now when the markets have adjusted and recovered from all these shocks, and he will crow, crow, crow about it.

I love the link at r62

Dow Jones 30 IndustrialIndex , DJIA

37,993.60

-1,148.63

-2.93%

Dow Jones was 45,000 in January. My 401k value is down 12%.

Today is a Market Bounce day.

The market dropped so low, any upturn looks like a good day. The DJ is at 38,744 right now. It was 45,000 in January. At the point as soon as it goes over the 40,000 I'm pulling my entire 401k portfolio out, accepting my losses, and putting it all into IRA MM and CD.

You may not get that chance if Trump pushes to remove the Fed Chair.

Next Bounce Bottom... 36,000

20% drop from Market High of 45,000

Yeah, that's about 4-5 years of 401k contributing and employer matching, lost for no good reason.

With all the yo-yoing in the market and with a drop in first quarter GDP, I am glad I am coasting in T-Bills.

I see the Dow Jones going as far down as 30,000 within a few months, and an economic disaster before the end of the year, and with no real chance of recovery any time soon. I have moved all of my 401k out of the market now. It is going to be a true shit show for the next several years.

Trump came into office in 2017 with a Dow at 20,000.

You let me know how the value of your 401K looks after the Dow Jones drops from 45,000 to 20,000.

[quote]...over seven figures.

So you mean eight figures?

Perhaps it's best you haven't tried to manage your own investments.

Have you even said thank you once?

So OP is a MAGA Trumper?

Must be nice to be so rich.

[quote] So OP is a MAGA Trumper?

Being a good investor equates to being MAGA? You sound deranged.

MAGA loves to call decent people deranged when they don't buy the sneakers and don't drink the Kool-Aid.

For those who still have 401k money in stock, the S&P 500 is now only 152 points below where it was the last business day before Trump took office, so we may be able to retire on schedule. Hopefully, progress will continue to be made to reduce the tariffs so we can get back in the black.

Goodwill towards the US is already damaged/destroyed. Make sure to price that in!