@return2ozma@lemmy.world to News@lemmy.world • 1 year agoGen Z ask how millennials made it through 2008—All have the same answerwww.newsweek.comexternal-linkmessage-square31fedilinkarrow-up156arrow-down142
arrow-up114arrow-down1external-linkGen Z ask how millennials made it through 2008—All have the same answerwww.newsweek.com@return2ozma@lemmy.world to News@lemmy.world • 1 year agomessage-square31fedilink
minus-square@jordanlund@lemmy.worldlinkfedilink8•1 year agoGen X. 2008 I was working full time as a systems administrator for an envelope manufacturer. All those foreclosure notices weren’t mailing themselves… It was hard seeing people I worked with nearing retirement age have their entire portfolios wiped though. Of course if they had invested when the Dow was 7,800…
minus-square@superglue@lemmy.dbzer0.comlinkfedilinkEnglish5•1 year agoWere they not invested in target retirement funds? If you do it right your portfolio shouldnt do that.
minus-square@FlexibleToast@lemmy.worldlinkfedilinkEnglish4•1 year agoYou don’t even need to do that. Just use regular index funds and shift the percentage of your total investments to be more and more bond heavy as you get closer to retirement. Avoid those fees that those target funds have.
minus-square@superglue@lemmy.dbzer0.comlinkfedilinkEnglish5•1 year agoSure yes of course thats another way to do it. As always, if you do it yourself it will be cheaper.
minus-square@jordanlund@lemmy.worldlinkfedilink2•1 year agoI don’t know what they were invested in, but I remember the weeping.
Gen X. 2008 I was working full time as a systems administrator for an envelope manufacturer. All those foreclosure notices weren’t mailing themselves…
It was hard seeing people I worked with nearing retirement age have their entire portfolios wiped though.
Of course if they had invested when the Dow was 7,800…
Were they not invested in target retirement funds? If you do it right your portfolio shouldnt do that.
You don’t even need to do that. Just use regular index funds and shift the percentage of your total investments to be more and more bond heavy as you get closer to retirement. Avoid those fees that those target funds have.
Sure yes of course thats another way to do it. As always, if you do it yourself it will be cheaper.
I don’t know what they were invested in, but I remember the weeping.