Thread regarding AT&T layoffs

Now that everything is on sale, it's time to buy. The value of your portfolio may have gone down but you still have all of your investments.

So strange how people go running towards a black friday sale but run away stocks/funds go on sale. (This is not financial advice)

I made a fortune just today!

How solid is the pension fund? Water cooler talk has that if the market stays down for an extended amount of time the lump sum option will be put on hold.

"Re: Borrowing from your 401K"

I'd like to know how that works too. Can you at least postpone the payback until the crash ends?

Mine is down only about $2700, but I have very little in Stocks

Continues to drop

Pre-market looking better

When taking a lump sum pension, remember this week when you invest it in the belief it will be safer.

“Buy when everyone else is selling, and hold on until everyone else is buying.” J.P Getty- rich white guy.

Looks like my account stabilized. I hope.

"If you have not sold, you have not lost"

and here comes that standout simple minded..

I had planned to retire at the end of 2025. That is no longer realistic planning. For the simple minded, it is not about losing $30K+. It is about what that $30K would have represented in 20-25 years.

If you have not sold, you have not lost. What if you were already retired? You should be very safe in your asset allocations by now. So, this little 30 thousand you are down for a year or so hurts that bad you are definitely not ready to retire. I would consider seeking professional advice after reading your post. This was not meant to insult you but to help you realize everything will be ok, actually better, in the long run.

as of this moment I am over $100K down in valuation. That's not AT&T's fault, nor the tariffs. Its allowing US companies to divest overseas and countries tariffing us, yet OUR funds are tied into their actions.

Majority of the stocks have been overvalued for some time. This is why Warren Buffett has been selling out of winners and into cash for the last couple of years. Question nobody has been asking is who is dumping the stocks if the majority of the working class haven’t touched their 401k/ IRA investments? So far there is only speculation that the market would be affected at all. The market managed just fine when other country’s implemented tariffs but when the US does it it’s wrong? Maybe off shoring jobs is not a bad idea. At least those who still have a US based job can say their investments are doing great.

Question now is if pension is under funded is it still beneficial for the company to have the lump sum option? The lump sum payments would drain the pension quicker than a monthly annuity check. Based on this, the lump sum option could be stopped until the market makes a turn around. Just something to think about if one is about to leave the company.

I had planned to retire at the end of 2025. That is no longer realistic planning. For the simple minded, it is not about losing $30K+. It is about what that $30K would have represented in 20-25 years.

Re: Borrowing from your 401K

The earlier comment was interesting. Can anyone with a current loan advise if / how the terms of payback are affected in light of this ongoing correction. I would think you owe the repayment, but at the same time any monies you return right now would simply be flushed down the toilet.

Well, F**k me. Futures are looking like another $10K loss day.

transitory. Check again later after layoffs of WFH abusers, coffee badgers, quiet quitting boomers and deadbeats.

IMO, It will go back up by this time next year if not sooner, wall st is upset their global economy of paying workers near slave wages is being transformed by a new era and getting exposed of how they hollowed out the middle class jobs. Wall St. is mostly for the elites, Main Street and Workers are fighting back after so many years of job loss, gutted work in towns/cities, bankruptcies, su----es, dr-g use, relocation, etc. all due to globalization.

Globalization is just another term used by the elites to find the lowest unlivable labor cost no matter the damage worldwide for all workers. They have become more enriched as decades have past using this policy, it’s just another form of slavery because they control all the levers of business and governments.

This downturn has nothing to do with tariffs. The recent announcement of increased tariffs only served to expose the degree to which entities were betting on the continued demise of our economy, betting against America. Betting against America was financially lucrative...until it wasn't.

I checked mine. Wishing now I hadn't. So depressing. Expecting it to worsen each day.

"If you are worried about a 15k drop in your 401k you don’t have enough to even be thinking about retirement"

Never experienced anything near a $15K drop in 27 years until now, so yeah, it does have my attention. That shock is the topic of this thread.

“ Tariffs are still in negotiations at this time and still fluid while negotiations are still on-going.“

What are you talking about?

“Maybe” will lead to some negotiation? Maybe.

There is nothing currently being negotiated. Your hero has been on the golf course for 2 days.

The markets will recover. The job creation will be strong. We are transitioning off of an economy propped up by Government spending. Eliminating all of the waste and fraud combined with the yields from these tariffs will allow for significant tax reductions. You will be able to buy American or pay a little more for imports eventually. The thing is if they don’t take so much of what you earn before you see it you will be much better off. It’s all going to be ok 👌! Some of you are quick to call others names when in fact you’re parroting ignorant talking points from the MSM and the left. Hope none of you have retained AT&T stock provided as a match in your accounts. That is not a winning strategy.

It is the media hype over Tariffs causing the market fluctuation and has the market and economists being reactive at this point when Tariffs are still in negotiations at this time and still fluid while negotiations are still on-going.

Wife lost right at $20K, mine is like $13K. I am unclear how us losing $33K is making us financially better off.

Plan ahead and think about yourself. Got out at around $20M. Good luck. .R$

$9000 is my best guess. Haven't checked it in recent months.

If you are worried about a 15k drop in your 401k you don’t have enough to even be thinking about retirement.

Mine is down almost 100k from its highest last year. Yippie.

“unlimited money printing will no longer be able to prop the stock market.”

Fiat currency was never viable over the long haul. The central bank$ter cartel will never allow bring back the gold standard. Founding Father Thomas Jefferson warned us about the dangers of such institutions!

"Yes people are delusional if they think the market and their home price can just keep going up with no correction"

Market, yes.

Home price? Probably not. People tend to think the Real Estate bubble in 2008 was "normal". It was not, and the conditions that led to that (mainly the subprime lending) have been eradicated. Real Estate is generally going to keep appreciating, as it always does, at varying rates.

It’s part of the globalist’s “Great Reset”…especially their (long standing) desire to finally eliminate the middle class.

Cr-p!! Mine is down $13,000 since last Saturday. :-(

"Stay the course, the Core is solid"

The bubble burst. It was expected and overdue.

"I don't get it. Mine is up about $600 during the past 7 days"

I have the same question. Where are you able to view these losses? My portfolio has increased YTD, though growth rate has visibly slowed over the past month. I am not doing anything unusual, so I must be missing something.

Down $72k since Jan 1. Retiring in 10 months. Balance is still ok and I'm still aggressive. Don't want to move to safe haven and lock in losses. Sure it will come back but how long is the big question. Tariff rollout could have been handled differently (more tactfully) but here we are. They say it could go down further. I say negotiated tariffs or at least reports of talks need to be happening now to quell panick. Maybe I'll lose it all in time for retirement. Served my country, my family and company honorably and well. Like to think I've earned a peaceful retirement. God help us.

I don't get it. Mine is up about $600 during the past 7 days. Where are you seeing this loss?

Down $18-19K here. Dreading to see what news Monday brings.

Stay the course, the Core is solid. We are commonly asked how much adverse risk we are willing to accept in our investments. Those claiming to be willing to accept unusual levels of risk are the first to bail. That is what we are seeing now. This correction was needed.