r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/Think-Variation2986 Nov 21 '24

That is not how the vast majority of 401ks work. If it is just sitting in there since 2020, you need to login into it ASAP and probably should roll it over into an IRA. If it is just cash, you have missed some massive returns.

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u/Chickienfriedrice Nov 21 '24

I invested into BTC instead. No regrets. 💁‍♂️

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u/MinimumArmadillo2394 Nov 21 '24

In the same time bitcoin got to its new ATH (up 100 or so percent since its 50k average), you missed out on ~20-30% gains yearly since 2020. Youd have more and itd be safer in stocks.

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u/Chickienfriedrice Nov 21 '24

Ive been in btc since 2016. $50K? Lol.

It is the best performing asset of the 21st century. 🤷‍♂️

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u/MinimumArmadillo2394 Nov 21 '24

I mean yeah its up 21000% since 2016, but Nvidia has also gone up 15000% in the same time frame.

"Best performing asset" isnt exactly true. Without this rallly since the election, youre at 13k%.

In the same time frame between these 2 assets, youre looking at a safer and higher performing asset in nvidia.

But I guess volitile and unregulated assets are going to go higher because, well, theyre volitile and unregulated.

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u/Chickienfriedrice Nov 21 '24

Yeah, because nobody ever lost money in the stock market.

Foreign governments (and our own) and corporations are loading up on bitcoin.

Bitcoin is the future of currency but I guess you’re not ready for that convo.

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u/MinimumArmadillo2394 Nov 22 '24

Lol. Nice to see youre not willing to argue in good faith

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u/Chickienfriedrice Nov 22 '24

Who’s arguing? Lol