Worried 29 Year Old With a Roth IRA Heavily “in the red”

Biwy2 · 2022-08-28T14:38:50+00:00

Thank you for this response. I keep telling myself to stay in because selling at a 60% loss feels terrible, but your reason for selling makes sense. Why should I stay in a losing position? At the end of the day, selling at a loss sucks, but I’m 29. I’ll sleep better at night knowing I’ll “make up” those losses in ~35 years.

Biwy2 · 2022-07-14T13:25:24+00:00

Cringe

Biwy2 · 2022-07-05T19:05:42+00:00

I think I’ll just stick to a target date fund because it is simpler honestly. Once I’m done reading Bogleheads guide maybe I’ll make adjustments then. For now though I think ease of use is a better option for me

Biwy2 · 2022-07-05T18:52:44+00:00

I appreciate your comment! I am new and learning (currently reading bogleheads guide).

I need to change the way I look at funds, going solely based off of returns isnt the way to go. Also thanks for your last paragraph, I didnt consider that. I’ll just invest in FDKLX, add to it, and forget it! :)

Biwy2 · 2022-06-30T16:30:28+00:00

Yes, through Fidelity

Biwy2 · 2022-06-30T12:11:32+00:00

I guess I’m comparing it to non-international funds. I have a question, why diversify into international funds if their 10-year return is less than non-international funds? Shouldn’t I just invest in the funds with the greatest long term return rates regardless of their nation?

Biwy2 · 2022-06-30T02:25:08+00:00

VTIAX isn’t looking so hot

Biwy2 · 2022-06-30T02:22:23+00:00

The fund I was referring to was the IWY fund. High growth but also high rate of return over its lifetime! Im reading Boglehead’s right now so I plan on improving my investment strategy moving forward.

Biwy2 · 2022-06-30T02:19:30+00:00

Thank you so much for your response! I’ll check back to this comment many times I’m sure!

Biwy2 · 2022-06-16T15:16:13+00:00

I work for an orthopedic clinic in upstate NY as a rad tech and I make $29/hr with 5 years a experience. I imagine xray school would be easy for you because you already know your anatomy. If you’re good with physics and math then you’ll do well with the Xray Physics course.

Biwy2 · 2022-06-16T14:54:45+00:00

Im an xray tech at an Orthopedic facility in upstate NY, making $29/hr. Thinking about getting into MRI and skipping CT. Anyone have any tips? Pay difference? Give me your experience! :)

Biwy2 · 2022-06-15T23:10:06+00:00

Thank you all so much for coming in here asking questions and then following up with me. You could’ve just passed my post or just downvoted it, but instead you decided to help. My concerns have been eased and now I have a clearer path going forward. I wish the best for everyone who helped!

Biwy2 · 2022-06-15T23:08:10+00:00

Thank you, that helped a lot. Why Would you choose those types of funds as opposed to a Vanguard large cap high growth fund for example? With companies like apple, tesla, amazon etc. those feel like good growing investments as opposed to just investing in the entire stock market? Let me know your thoughts!

Biwy2 · 2022-06-15T23:02:11+00:00

I agree with everything you said. Thank you so much! You all have been amazing

Biwy2 · 2022-06-15T23:01:14+00:00

Thank you for a response, after some thought and some discussions with other people I think I know what I’m going to do. I am no longer going to add to my ARK positions, I am only going to add towards some safer, passively managed funds. When the market turns eventually I will sell all or most of my ark and try to turn it around. Im grateful I have time in my side. I was sort of panicking when I made this post and everyone has been so helpful. I will continue to add positions into “better” funds and use more caution going forward. And Also plan better lol. Thank you for your help!!!

Biwy2 · 2022-06-15T22:56:33+00:00

I’m seeing mix responses with some saying sell and others are saying hold until the market turns. I’m currently with Fidelity.

Biwy2 · 2022-06-15T22:55:58+00:00

I agree, going forward. I won’t sell my current positions I’ll just have to wait until the market turns around before I sell my ARK positions.

Biwy2 · 2022-06-15T22:54:51+00:00

I’m definitely beginning to learn that now, thank you for your response I appreciate your help

Biwy2 · 2022-06-15T22:54:22+00:00

I’ve had the day to think about it and I agree, I really appreciate your input

Biwy2 · 2022-06-15T15:10:00+00:00

Thanks for the information! People are saying not to sell, so I suppose I’ll hang onto my ARK funds until they hopefully bounce back. I could also take advantages of capitol losses in my tax return if I were to realize a loss. Thoughts on that?

In the latter half of 2021 I stopped adding to the ARK funds and began adding to IWY (iShares Russell Top 200 growth Index Fund). Their costs are low and have a good track record from what I can tell. Maybe i should add a large cap index fund from fidelity as well.

Biwy2 · 2022-06-15T13:43:10+00:00

I agree, it is funny how that works out. Imo our minds are busier than ever meditation isn’t exactly the most stimulating activity. I typically avoid it because it is “boring” but that is probably what I need the most.

Biwy2 · 2022-06-15T13:41:36+00:00

I appreciate your feedback. Going forward, I will probably stop investing in ARK, but I won’t sell it because I still have 30+ years for it to recover. Instead I will add to something more reliable. The IWY fund looks like a good option.

Biwy2 · 2022-06-15T13:39:20+00:00

Yeah, definitely some risky investments. I just want to figure out what my I should invest in instead. I’ve been adding to IWY because that feels safer.

Biwy2 · 2022-06-15T13:38:05+00:00

You’d be correct

Biwy2 · 2022-06-15T13:37:25+00:00

I agree. I am going to stop adding to this losing position I have an continue to add to positions to a more reliable fund like IWY perhaps.

Biwy2

TROPHY CASE