(01-24-2018, 12:36 PM)Kane Wrote:

(01-24-2018, 11:40 AM)HURRICANE!!! Wrote: Dude, the stock market had a 235% rate of return during Obama.  I assume you are about 29 years old and was just starting your contributions to 401k during the Obama era. to have an $8k return on investment.

Pretty close. 33.
But I've been putting in before Obama got in.
401k took a heavy hit and lost a lot of money during the crisis of 08. Granted, I don't put in a ton of money (only about 25 per week) and I'm guesstimating because I don't have my portfolio statement in front of me. But during Obama's tenure it was a slow and steady grind.
And it is moving in leaps and bounds comparatively. Perhaps it is what stocks and bonds I'm allocated in, who knows.
But the proof is in the pudding. It has certainly done better the past year than any of the 8 years when Obama was in.

OK ... that makes sense.  Actually, your early contributions under Bush most likely got depleted as the Market was plunging (pre-Obama) so your return on investment under Obama was decent but the problem was your 401k base wasn't sufficient at your early age (and the Bush plunge) to really recognize a substantial $$ return.

I agree, 401k has been great under Trump .... don't get me wrong but once shouldn't look at the Obama numbers and think that he didn't pull us out of the [BLEEP] hole

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