I started a new job in 2019 and this is allocated something like 70% SWPPX (Schwab S&P 500), 30% FSKAX (Fidelity total market). This doesn’t seem to be mathing very well based on what I thought returns were over this period. I started in August 2019 and was limited on the amount of contributions I could make to this account because I had already stuffed a fair amount in the previous employer’s 401k. I do think it could just be a sucky sequence of being under-funded that fist year, then go into the Fundamentals Don’t Matter bull (April 2020 - 2022) without much in the account so it couldn’t grow a ton, then 2022 happens and it reverts back to even, and now we’re climbing back out of that.
There are still quite a few competitors. DoorDash, grub hub and Uber eats are there but there are some smaller competitors and a few regional competitors.
Although I don’t think anyone is in good financial health delivering food and groceries. As for groceries Walmart uses a company called spark in most of the country and it is a much better service that costs much less. There is no markup on items and you pay a flat delivery fee or get free delivery with a Walmart plus subscription. I think this is where doordash will lose out. I used to doordash from Kroger (Kroger was white labeling doordash) but I think they are working on their own thing as well.
Yeah ideally you want a V pattern so your contributions are happening during market dips. 2020-2022 was an upside down V which means you were making a lot of contributions at the peak
I think that puts you firmly in gen x. Xillenials as I have heard are those who grew up with their childhood years being pre-internet and their formative teen years being during when internet was widespread. Ive read the cutoff is if you got your first internet connected computer before age 8 you are millenial and if you got your first internet connected computer after age 15 you are gen X. Those in the 9-14 age gap of first internet connection are Xillenials, so youd probably be just outside. First widespread AOL usage is generally considered to be 93-94. Generally 78-84 or so Is Xillenial country
I didn’t get the internet until grade 7 at age 11 and was born in 86 (so 1997). My family was upper middle class and I think we were only about a year behind most people in the neighbourhood.
I started college in 98. The dorms had Ethernet connections but no one knew wtf that was and they had to send out FAQs about which computers could handle it.
Born in '67 didn’t own an internet computer until after college, '91 I think. Can remember seeing 2 computers at WSU that weren’t light boards. Always identified as Gen X as I have none of the assets of a boomer…
I actually think we had a lot of unique advantages. We learned to use technology when it was bad enough you actually had to understand something about how computers worked to get anything out of them.
