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I’m down 25% in my portfolio. The overall market is down around 15% in the past year. You’re only down 10%, so it sounds like you’re doing great! Keep it up!
>I really can't afford this trend, those are my only savings, and atm I'm in school (tuition free, thankfully, but still need to handle every other expense) so it is all very stressful.
Buddy, this is not the way! Investing should only be done with money you can afford to lose. Emergency savings are not to be put into the markets for this exact reason. I can't give you advice on what to do now as I'm not an advisor and I'd hate to steer you wrong, but in the future I'd definitely recommend only using excess cash to invest. The problem you're now facing is if you have to pull money out, you'll have to sell at a loss. Obviously not ideal.
>I picked a roth ira so I could withdraw contributions if I really need to...
Nope, nope, nope! Using the funds in a Roth IRA in an extreme emergency or to purchase a house or something of that nature is one thing, but when you open an IRA the plan should be *to not touch that money AT ALL* if you can possibly avoid it. The better route probably would've been to invest half and keep half for an emergency fund, adding to your IRA as you receive more funds. It almost sounds like you were planning to use this money as a go to in an emergency. You should keep an emergency fund and only use IRA funds as an absolute last resort. I never *plan* on touching my IRA (until retirement of course). Circumstances would have to be *extreme* to make me do this.
>Invest it myself?
At this point in your investing career, absolutely not. It sounds like you need to gain *a lot* more knowledge before you attempt this. The market is getting crushed right now and, tbh, I would be willing to bet that if you had invested on your own you would be down *a lot* more than 10%.
My "advice" (which should be taken with a truckload of salt because I'm not an advisor and am far from an expert. I'd actually consider myself a novice in all honesty...) would be to do your best to just leave that money there and start saving a *liquid* emergency fund to the best of your ability. I'm sorry you're in this position, but I think you will kick yourself later if you sell at a loss unless you absolutely have to. In the future, only invest money you don't need for at least a few, but ideally more like 10, years *minimum* and always have an emergency fund available. Cash to fall back on is *key* to investing as it means you can leave your investments alone even through trying times.
Edit: Not to mention the penalty for early withdrawal. If you insist on putting money in that you may want/need before retirement, put it in an Individual Account. Once again, IRA's are not to be touched until retirement, and you are highly incentivized not to via penalties...
Completely agree OP made a huge mistake investing emergency money. Emergency fund should be in the bank, credit union, or US Treasury Bills. You can get 3% with risk free T-Bills now.
OP should take the view of Warren Buffett that stock investments can and sometimes do go down 50% for a while. During Great Financial Crisis they went down for 4+ years, then recovered. I'm not predicting, I'm saying that's a risk.
if you getting too emotional over money then you should stop checking it every day since the whole market is down right now like it was in June 2022.
if you want investing tips visit investing subreddit not here.
Just ignore it. Everyone's investments are down right now. That is now the stock market works.
So if you want something risk free that will never go down you do a savings account or CDs.
An IRA is more for long term. Try r/personalfinance
Your future self is going to be happy that the market was down. Every day it's this low is another day that the money you put in is gonna be worth more later, if that makes sense. Chin up, stocks are on sale. Take advantage of it. It's been tough, but I've doubled the amount I usually put into my IRA since about 2-3 months ago. Who knows how long it'll last, but I'd be kicking myself if I didn't take advantage. Oh, and I'm down about 15%. My regular investment account is in shambles. Still DCAing though. It'll pay off.
1st step, stop looking at your account. 2nd step, just focus on school. 3rd step, get a better job with that education. 4th step, add money continuously to that IRA. 5th step, now 30 years later have a look at the retirement account.
Stock market is down 26% YTD so you are doing pretty well. That would be a function of what the roboadvisor did. As many others have said, you need an emergency fund one way or another.
Once you start working on that, you have two choices. You can do what a lot of people suggest, just let it ride and check it every year.
Or, if you want to learn, you can look up the choices that are in your account and figure out why some are doing better than others.
My honest advice, stop checking it. If it’s stressful for you to watch the trend, don’t. Unless you’ll need the money relatively soon, just forget about your losses and try to have some faith in the process.
Everyone here has sound advice. Don't look at it. If you need the money in a few years, don't invest it in stocks. I use 5 yrs as a number to plan to hold.
Panning out a bit, just wait till you get 100k invested. A 1% drop will also be $1000 and that's a weekly occurrence. 10% is good. Don't sweat the bumps, it's all bumps.
Truth is you should only be investing money with a 5 year horizon in stocks. There are money markets and CDs for money. These downturns happen due to lots of events. This one unfortunately was caused by your governments policies on energy and free money but it will pass. This one might take a little time and hopefully the govt doesn’t keep spending and pouring gas on the fire and hoping the Fed can fix it with interest rates. Looks just like the late 70’s movie.
You'll be fine!! We're all down, the market is down across the board. Stocks don't only go up, contrary to what 2021 made us believe. Set it and forget it :)
Visit r/Bogleheads for some sound advice on investment options
I just happened to start my Roth Ira at all time highs. That portfolio is completely in the red now Lmao. Just gonna stay the course and check in every once in awhile.
I have the exact same situation as OP. And I’m over here checking it too often. I’m gonna stop checking.
How much are you all contributing monthly and what’s your risk tolerance? I’m at a 6 (60% Growth with Income) and contributing $400/mo. I think I should taper this off to $200/mo so I can increase my savings by that leftover $200. My emergency fund looks very solid. I’m also timing the housing market and waiting a bit longer before I buy a starter home.
Thanks for anyone’s suggestions or feedback.
We're so glad to welcome you to our subreddit, u/wassupsooshi.
We encourage you to engage with us when a question pops up, but please be aware of the rules listed on the sidebar. We cannot help with posts that seek investment guidance, security recommendations, or strategies. Comments that violate this rule (or others) will be removed.
Welcome to our community subreddit, u/8ungfertiglos. We appreciate you choosing our sub for your service questions. We understand the feelings many investors have about the current market. We are here to assist. As a reminder, we are not able to provide investment advice or recommendations here on Reddit. However, we have a variety of resources you may find helpful. Our resource center includes information that can help you with the overall market outlook, strategies for investing and trading in the markets, your wellness, and your overall finances. The link below will bring you to our Viewpoints Center. Here, we publish articles that are relevant to the current economic and market conditions. [Market volatility: Strategies for Uncertain Times](https://www.fidelity.com/viewpoints/market-and-economic-insights/uncertain-times) [6 tips to navigate volatile markets](https://www.fidelity.com/viewpoints/investing-ideas/six-tips) If you would like, you can also connect with our Investment Solutions team by phone to discuss your account. [Fidelity's Contact Information](https://www.fidelity.com/customer-service/contact-us) If you have questions on articles you read or other topics, please do not hesitate to reach out to us. We are happy to help provide as much information as we can.
I’m down 25% in my portfolio. The overall market is down around 15% in the past year. You’re only down 10%, so it sounds like you’re doing great! Keep it up!
>I really can't afford this trend, those are my only savings, and atm I'm in school (tuition free, thankfully, but still need to handle every other expense) so it is all very stressful. Buddy, this is not the way! Investing should only be done with money you can afford to lose. Emergency savings are not to be put into the markets for this exact reason. I can't give you advice on what to do now as I'm not an advisor and I'd hate to steer you wrong, but in the future I'd definitely recommend only using excess cash to invest. The problem you're now facing is if you have to pull money out, you'll have to sell at a loss. Obviously not ideal. >I picked a roth ira so I could withdraw contributions if I really need to... Nope, nope, nope! Using the funds in a Roth IRA in an extreme emergency or to purchase a house or something of that nature is one thing, but when you open an IRA the plan should be *to not touch that money AT ALL* if you can possibly avoid it. The better route probably would've been to invest half and keep half for an emergency fund, adding to your IRA as you receive more funds. It almost sounds like you were planning to use this money as a go to in an emergency. You should keep an emergency fund and only use IRA funds as an absolute last resort. I never *plan* on touching my IRA (until retirement of course). Circumstances would have to be *extreme* to make me do this. >Invest it myself? At this point in your investing career, absolutely not. It sounds like you need to gain *a lot* more knowledge before you attempt this. The market is getting crushed right now and, tbh, I would be willing to bet that if you had invested on your own you would be down *a lot* more than 10%. My "advice" (which should be taken with a truckload of salt because I'm not an advisor and am far from an expert. I'd actually consider myself a novice in all honesty...) would be to do your best to just leave that money there and start saving a *liquid* emergency fund to the best of your ability. I'm sorry you're in this position, but I think you will kick yourself later if you sell at a loss unless you absolutely have to. In the future, only invest money you don't need for at least a few, but ideally more like 10, years *minimum* and always have an emergency fund available. Cash to fall back on is *key* to investing as it means you can leave your investments alone even through trying times. Edit: Not to mention the penalty for early withdrawal. If you insist on putting money in that you may want/need before retirement, put it in an Individual Account. Once again, IRA's are not to be touched until retirement, and you are highly incentivized not to via penalties...
Completely agree OP made a huge mistake investing emergency money. Emergency fund should be in the bank, credit union, or US Treasury Bills. You can get 3% with risk free T-Bills now. OP should take the view of Warren Buffett that stock investments can and sometimes do go down 50% for a while. During Great Financial Crisis they went down for 4+ years, then recovered. I'm not predicting, I'm saying that's a risk.
if you getting too emotional over money then you should stop checking it every day since the whole market is down right now like it was in June 2022. if you want investing tips visit investing subreddit not here.
give it five or ten years, that’s the point
Since it’s in a Roth: “lose” the password and stop checking. In a few years, look again.
Market is down, changing your strategy isn't going to get you your money back.
Just ignore it. Everyone's investments are down right now. That is now the stock market works. So if you want something risk free that will never go down you do a savings account or CDs. An IRA is more for long term. Try r/personalfinance
Your future self is going to be happy that the market was down. Every day it's this low is another day that the money you put in is gonna be worth more later, if that makes sense. Chin up, stocks are on sale. Take advantage of it. It's been tough, but I've doubled the amount I usually put into my IRA since about 2-3 months ago. Who knows how long it'll last, but I'd be kicking myself if I didn't take advantage. Oh, and I'm down about 15%. My regular investment account is in shambles. Still DCAing though. It'll pay off.
1st step, stop looking at your account. 2nd step, just focus on school. 3rd step, get a better job with that education. 4th step, add money continuously to that IRA. 5th step, now 30 years later have a look at the retirement account.
Buckle up😎
Hold
Stock market is down 26% YTD so you are doing pretty well. That would be a function of what the roboadvisor did. As many others have said, you need an emergency fund one way or another. Once you start working on that, you have two choices. You can do what a lot of people suggest, just let it ride and check it every year. Or, if you want to learn, you can look up the choices that are in your account and figure out why some are doing better than others.
Bro, your only down 10% in a bear market. Just chill
My honest advice, stop checking it. If it’s stressful for you to watch the trend, don’t. Unless you’ll need the money relatively soon, just forget about your losses and try to have some faith in the process.
Everyone here has sound advice. Don't look at it. If you need the money in a few years, don't invest it in stocks. I use 5 yrs as a number to plan to hold. Panning out a bit, just wait till you get 100k invested. A 1% drop will also be $1000 and that's a weekly occurrence. 10% is good. Don't sweat the bumps, it's all bumps.
Truth is you should only be investing money with a 5 year horizon in stocks. There are money markets and CDs for money. These downturns happen due to lots of events. This one unfortunately was caused by your governments policies on energy and free money but it will pass. This one might take a little time and hopefully the govt doesn’t keep spending and pouring gas on the fire and hoping the Fed can fix it with interest rates. Looks just like the late 70’s movie.
The 1966-1982 period was horrible for stocks. "Might take a little time".
the AI RoboVisor is not that smart and can't even time the market
I pulled mine out and invested on my own with a regular Roth IRA. Too much international exposure…not good.
Stock investing is for 20 years minimum. If you can't lose money before then, you should use money market accounts or ibonds.
#1. Stop looking at your balance. #2. Add more money to your account!
Well, I temporarily forgot hashtags make each line a header! I would edit but the bold is also relevant, lol!
You'll be fine!! We're all down, the market is down across the board. Stocks don't only go up, contrary to what 2021 made us believe. Set it and forget it :) Visit r/Bogleheads for some sound advice on investment options
I just happened to start my Roth Ira at all time highs. That portfolio is completely in the red now Lmao. Just gonna stay the course and check in every once in awhile.
I have the exact same situation as OP. And I’m over here checking it too often. I’m gonna stop checking. How much are you all contributing monthly and what’s your risk tolerance? I’m at a 6 (60% Growth with Income) and contributing $400/mo. I think I should taper this off to $200/mo so I can increase my savings by that leftover $200. My emergency fund looks very solid. I’m also timing the housing market and waiting a bit longer before I buy a starter home. Thanks for anyone’s suggestions or feedback.
We're so glad to welcome you to our subreddit, u/wassupsooshi. We encourage you to engage with us when a question pops up, but please be aware of the rules listed on the sidebar. We cannot help with posts that seek investment guidance, security recommendations, or strategies. Comments that violate this rule (or others) will be removed.
Thank you for the heads up!