Quote:
Originally Posted by rats60
You have lost ~20% in the market this year. There is no guarantee that it is going up anytime soon. Many experts think it is going down more as the economy gets worse.
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Unless you are a year away from retirement, what your retirement account is doing now is irrelevant. And, if you are a year away from retirement, you shouldn't be so heavily invested in equities that you took anywhere near the full 20% hit.
But, to state what ought to be obvious, there is a huge difference between stocks and cards as investments. Stock represents fractional ownership in the underlying company and, thus, a claim on the cash flows of the company by way of dividends. Unless you are investing in SPACs, you are investing in companies that sell goods and services and, ideally, make money. Cards don't do any of that. Maybe you make a huge profit when you sell it or maybe you start the next in a long line of "someone got a great deal on that" threads. But, as long as you hold the card, it is no different than that 5-pound bag of sugar in your pantry that you pull out once a year to make Christmas cookies.