Normal for my 401k to be performing at -11% over the past 18 months?
Me:
27 years old
Income of upper ks
Contribute 6% to 401k, and 3% to roth 401k (increase my 401k by 1% each year; employer matches up to I think 3%)
Performance:
Over the past 18 months, my Schwab account is showing a performance of -11%
I just want to make sure this is the normal up-and-down that I can expect, or should I evaluate my options more?
(1)1 Comments
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Yes, it's been a rocky year. If your 401(k) is diversified (as it should be) it should generally follow inflation and industry averages (except outperforming them slightly in the longterm). For example, take a look at the Dow Jones Industrial Average:
it's down by 5% over the past 6 months.
...so I'd be worried if your 401(k) did increase in value over the past year, because that would mean it isn't diversified.
My own 401(k) is down -8% compared to 2 years ago.
My personal opinion is the market will not improve much (if at all) over the coming year either.
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