I know no one wants to hear this but my 401K rose over $200K since the election.

Having a net worth over 7 figures is not that big of a deal these days, especially if that figure includes your real estate.

OP, really curious: Why in the world do you feel inspired to announce this to the world of DL? Do you think we are all going to be singing to the heavens for you?

I'm not kidding. I'd really like to know why you started this thread.

Cool, OP.

What kind of a stupid investment plan do you have that is has been stagnant? The S&P 500 has had an annual return of 14 percent from the beginning of the administration up to November 1. Consider an index fund. Do better

[quote] Having a net worth over 7 figures is not that big of a deal these days, especially if that figure includes your real estate.

It's still a pretty big deal. Fewer than 20% of Americans have a net worth of 7 figures.

You don’t have anything until you sell, and if I’m not mistaken you will have to pay capital gains on the profit if not the principal.

I have a huge profit coming when I sell some real estate I’ve been sitting on for almost 30 years but half will be eaten up in taxes since I can’t dump it into another primary residence.

Moral of the story: don’t count your chickens before they are sold and the tax paid on them.

R5, that says more about the pitiful situation most Americans find themselves in vis-a-vis retirement savings and not so much about how wealthy you think you are.

What does it mean to say you have net worth of over seven figures? Do you have eight figures? If so, why don't you say that? There is no 7.3 or 7.5 figures.

You don't seem to be financially or quantitatively literate, which way be why your investments were doing so poorly until this bizarre supposed windfall.

Aren’t you glad you voted Trump!- money is the only thing that matters.

Trump voters are notorious liar's

What kind of idiot has had stagnant growth since the pandemic? My wealth has increased by three times over Biden’s term and is well into seven figures, since that is apparently a thing. But what do I know? I don’t vote for rapists.

[quote] That says more about the pitiful situation most Americans find themselves in vis-a-vis retirement savings and not so much about how wealthy you think you are.

In what country is the equivalent of a seven-figure dollar retirement fund commonplace?

You (or your advisor) must be retarded, frankly.

OP, you've provided a valuable glimpse into the intellect and mental world of a Trump voter. You shouldn't have been so apologetic about posting.

It just now gained money?

Nah.

Troll post.

J'accuse.

"I now have a net worth of over 7 figures" - implies that it just went over $1mm for the first time.

"That includes my liabilities such as my mortgage. I have no other debt." The average house price in 2024 in the US is about $405K. With this net worth, it's unlikely he's sitting on a property worth $2mm. Let's say OP's home is worth $500K and he still owes $250K.

He claims that his 401K rose over $200K. With the previous information, this means his 401K could not have been much higher than $750K otherwise his net worth would have been over $1mm before the so-called run-up of $200K.

There is NO way the usual basket of mutual funds and other investment vehicles typically available through 401Ks rose by over 25% in three weeks.

Not a chance in hell.

Smell you, OP!

OP = blatant liar, lives off "Go Fund Me" accounts & government cheese.

R12, there are countries in which the average income is less than $4 a dollars a day.

If you’d like to set aside straw man arguments for a second…

More the 17% of Americans are over the age of 65, meaning that they are in the process of spending down their net worth. More than 21% of Americans are under the age of 21, which means they haven’t even begun to build their wealth.

That means that, if we accept R5’s numbers and around 20% of Americans have a seven-figure net worth, and we take away the almost 40% which aren’t earners and building wealth, then it becomes less and less a flex that OP is amongst the 1 in 3, roughly, Americans who have a net worth of $1 million or more.

R4 beat me to it. Bragging about lagging the market for years isn’t a flex. Curious about your recent “surge”. Are you mostly invested in DJT stock and doge coin?

It’s not a strawman argument. You are just illiterate

The post I was responding to said it was a sad commentary that only 20 percent of Americans have a net worth of seven figures. I was commenting that, far from being a sad commentary, I could not imagine such wealth is common in many countries outside of America. Nothing in my comment questioned the frequency of such wealth in the US. So, I don’t know why you are trying to convince me of it

You can ask next time if you don’t understand.

My balls really hurt tonight, I hope I'm not having an issue of some sorts.

I've decided to buy a new laptop.

[quote]Trump voters are notorious liar's

Oh, dear.

R21, I’m sorry. I expected you to understand that America has not only the highest standard of living but the highest cost of living. Yes, there are countries which don’t have the vast wealth that America has, but they also do have the costs that America has.

Perhaps the lack of understanding and illiteracy is a problem on both sides.

R25 The US does not have the highest standard of living.

You’re really crushing it, kitten.

Cheers, Eight figures

Please keep us updated, r22

You guys sure do live in a bubble!

You'd all starve to death on what I live on, as well as many, many others. So, as my mother would say, "Shut up and be glad!"

....

Oh...I get it! We're shitting on OP because he started a stealth Drumpf-is-good discussion. I was confused because I know DL-ers LOVE money and I figured they'd all be impressed enough by OP to start rattling off their own numbers.

The market is at a new high since Trump,got elected. But it was hitting new highs daily under Biden. The returns this year under Biden have been great.

Trump isn’t President yet so let’s see how things shake out when he starts with tariffs and deportations.

r24. They're possessed!

We just don’t know, r32. If there is 15 percent inflation, having assets in the stock market may protect the value of your money. Or it could tank. Or, though unlikely, the money generated could offset the inflationary effects of deficit spending. Or Trump could back off once he finally understands how tariffs work.

Bad things could have happened under Harris. But Trump seems set on it.

Trump and his rich backers will never do anything that hurts their bank accounts. That’s one thing you can be 100% sure of.

I mean their wealth.. probably not much is in a bank!

There's no point in getting too attached to an investment balance that will fluctuate wildly with Trump and his moronic cronies (including Musk) at the helm.

How nice for you. How nice for your 401K. How nice for everybody!

Sure, Yuri...I mean, Jan.

OP’s broker is George Glass.