401K - July 2023 Update.

401K - July 2023 Update.

• Markets are up in 2023!!
• Posting for a few years on FB now.
• July 2023 data
• Matchings funds in 2023. Small impact.

Markets are up in 2023!!

The markets have recently been GREEN, pushing everyone's 401K balance above last year's value. This happened several months ago in my portfolio, and with each paycheck, we are hitting new HIGHS!!

Posting for a few years on FB now.

I have posted my 401K balance on social media (FB) for a few years. The reason is to show people how an account can grow or lose value over time!! 2022 was when my account went DOWN even after adding new capital each paycheck!!

July 2023 data

The markets have been mostly GREEN in 2023. So the new capital plus all the previous capital is starting to be higher than when the money went into the account.

Matchings funds in 2023. Small impact.

In 2023, I got less than $2K in matching funds this year. This means I get less than $4K a year. The buck of the gain will have to come from one of two places:

• New Capital is added each year.
• ROI (Return on Investment).

Depending on the size of your portfolio and/or the size of your capital added to your 401K plan, this can be a significant percentage of the weighting that impact your 401K's balance. For example, I will add $10K in new capital plus the 4K for a total of $14K in 2023. But $14K added to a starting portfolio balance of 82K is only 17%. This year the ROI of 16% has already accounted for about $12K in gains!!

Have a profitable day!
Solving-Chaos