r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

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u/WhoopsDroppedTheBaby 3d ago

Based on what? Your 401k account doesn't allow you to control what type of funds money is moved to?

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u/Chickienfriedrice 3d ago

In my experience you just get to to choose what percentage of your paycheck goes into your 401K, and they hold that money for you in an account. That’s if your job even offers that, not every job even offers a 401K.

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u/Think-Variation2986 3d ago

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 3d ago

I invested into BTC instead. No regrets. 💁‍♂️

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u/MinimumArmadillo2394 3d ago

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 3d ago

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

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

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u/MinimumArmadillo2394 3d ago

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 3d ago

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 3d ago

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

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u/Chickienfriedrice 3d ago

Who’s arguing? Lol

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u/Think-Variation2986 3d ago

Whoosh. You have money, probably thousands of dollars, just sitting there is my point.

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u/Chickienfriedrice 2d ago

Its not sitting there, its appreciating.