Lost 22% of our IRA/401Ks/Investments

[ponytug]

The article said billionaires. I figure if I had the much money I would hire somebody to drive me but that is what the article said.

I'd believe it.

Around Silicon Valley, I have noticed it is a mixed bag. Some high profile folks are required by their boards to have security and be driven, others move about in obscurity, and drive themselves. Many moons ago there was a rash of kidnappings here in the Valley, and boards and insurers tend to remember such things.

All the best,

Peter

 

[Oaktree]

Sumptin tell me “billionaires” drive something a little more high end than a Toyota or an F-150.

Depends, I guess. Don't know what he drives, but from what I've read Warren Buffet's lifestyle is relatively modest. Sam Walton was rumored to drive some old beater truck.

 

[ultrarunner]

Depends, I guess. Don't know what he drives, but from what I've read Warren Buffet's lifestyle is relatively modest. Sam Walton was rumored to drive some old beater truck.

1979 Ford

Warren Buffet 2014 Cadillac

 

[WoodChuckDad]

I do the same. Compound, compound, compound

I have some set to compound, some not. I like to keep a small batch of dry powder for dips.
At one point I was down 23% as some of the othrs were. Now I'm 15% up for the year. Dry powder makes a difference.

 

[Hay Dude]

I stocked up during the dip. Fun watch it roar back.

 

[square1]

One thing not noted here, but I have any dividend-paying stocks set to reinvest the dividends. Don't really need the income at this point, so why not compound earnings?

Current dividend portfolio holds (25) stocks (many Aristocrats & Kings) across all sectors. (12) stocks across most sectors will be kept after retirement. The other (13) will be sold with proceeds going to buy more of the (12). Average yield on the portfolio is down to just over 7% due to several large purchases of the (12) keepers over the past couple months.
Everything gets reinvested, but I like to choose based on price, ex div date, etc.. so nothing is set to automatic. IRM (3.15% current yield) and IBM (2.3%), great stocks purchased long ago that have nice yields (7.2 & 5.7 respectively) at my cost basis, dividends are buying other keeper stocks with higher forward yields.

 

[RSKY]

This is the fund I am most invested in. I got in it about 2018 and in it very heavy after we sold three farms and two houses in 2022. No skill involved in picking that one fund, just very good luck. On the one year return it made a major correction first of the year and is back to gaining big percentages amounts weekly.

FSELX
Average Annual Returns
AS OF 06/30/2025

1 Yr +10.05%. 3 Yrs +43.77%. 5 Yrs. +32.30%. 10 Yrs. +27.27

Good place to stick money for retirement.

RSKY

 

[CH4Ohio]

The article said billionaires. I figure if I had the much money I would hire somebody to drive me but that is what the article said.

I can see the F150. I'd say every billionaire has one of those sitting around in the top Platinum trim level.

The Toyota, however, is a little more difficult to believe.

 

[dmccarty]

...
He drove a well used Chevrolet pickup with no A/C in the 70’s with a stock rack in the bed… his horses would hop into the pickup bed and he would drive to far corners of the ranch, horses hop out and he saddle up and ride the range. ..

John D. MacArthur was a South Florida billionaire. I read an article about him in the early 1980's that mentioned his office which I eventually drove by one day by happenstance. It was an old, small house along a sorta major road. The house was likely built in the 1920's or 1930's. Across the street were tall buildings. The house had a gravel driveway and parking area. The house looked like someone had taken it over to run an insurance or accounting business.

He would still drive himself around in a 20 year old station wagon. People would think it was just another retiree driving around not a billionaire. Hopefully, the station wagon had air conditioning. LOL LOL LOL

 

[dmccarty]

Regarding the stock market. Over the years, I have noticed that the market seems to settle into a range from X to X+Y. The market will move up or down with some big change, for some reason, but it settles into a range where it just bounces around. So for example, back in Feb and Mar, the market was bouncing around 42,800 to 43,800. Then in early, April it dropped into the 38,000 range and then slowly moved back up into 40,000-41,000 for the rest of the month. In May, it was slowly moving up until a week or so ago when it almost made it back to 45,000. Now, it seems to be settling in between 44,000 to 45,000. The question is, will the next bump move the market to 45,000-46,000 or lower?