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I put in the maximum allowed by IRS rules into my 401K whenever I'm employed (I've had gaps in a few years, unfortunately, due to unemployment). This year the maximum amount, including catch-up is $24K. My 401K is diversified. I figure saving as much as I possibly can while I'm employed, is what's in my control. The stock market is not in my control. My nest egg/401K/IRAs have all been rolled over and consolidated as of April to Fidelity guided investments/managed by Fidelity, and my portfolio is aligned to "growth," which means I'm taking some risks. Perhaps the good news is that all my existing 401Ks and IRAs were 'sold' off in April & May to move them over to the Fidelity Managed Portfolio side. That means gains did get locked in then.
I hope to be able to have enough to not have to work by age 60, though that doesn't mean I was expecting to not ever want to work. Have 5.5 years till then. I looked at my portfolio total value a few weeks ago (obviously before the 'correction') and realized that *if* I lost my job this year, I would be okay and if I wanted to work part-time as an option, I could. Now.... well....
so you just posted here that you don't know the answer to the thread's question? lol
thanks for that contribution. hehe you could have taken that same time and looked at your 401k.
just joking. no worries. best of luck to you.
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Originally Posted by StAcKhOuSe
the s&p is down nearly 11% since mid august, aint hard to figure out if you're heavily into us equities.
if you are heavily invested in china, you definitely should not be looking at your 401k.
just checked my ira, it is down 9% in those two weeks. happy now?
dude, chilax! lol
nobody forced you to respond to this thread if you didn't want to.
you respond to my post and I responded back with some info. whats the problem? im chill mang i didn't do anything. ive been checking my ira more than my 401ks because logging into my 401ks are like logging into the cia database. and the info they provide sucks compared to my ira at fidelity.
Quote:
nobody forced you to respond to this thread if you didn't want to.
mybad dude I live in north korea so I didn't know that.
I went all "Cash" in my 401K (Fixed Value Fund) two months ago,
FVF pays ~ 4.5% "Interest"
I did the same at the end of July but my stable value fund pays about 2.0%, not 4.5%. All the talk about the Feds raising interest rates and stocks being over valued, etc. made me nervous so I decided to bail until late Fall. But with the correction, I went back to my original allocation on Monday afternoon. While it would be nice to make a few dollars on the rebound, my biggest relief is that I did not lose 5-10% - am two years from retirement. I'm where I need to be on the 401k and could afford to lose some but want to preserve it as much as possible.
I'm down about 7%, 90/10 stocks/bonds. Seems scary in the short-term, but I'm still 20 years away from retirement, so odds are I won't particularly care about this month/year at retirement.
And like others have said, now's a good time to buy more... let the panicked sellers take the hit while we ride the next upswing. We don't have crystal balls, so we can't time the market, but we can use the consistency of returns to come out ahead.
Again, stupid investing strategy lol. Why are you holding through the height instead of selling and waiting on the sidelines for the bottom (or discount period) to come around again?
Just buy and hold forever? Lol, what in the hell kind of investing do you guys do around here?
Overview: I'm currently continuing my "research" to determine if I should move monies out of my Long Term CDs and into the Stock/Bond Markets through Balanced Funds tied to US and International Indexes.
Age/Background: I'm 32 and don't plan on pulling any of these monies out for usage until age 65, which gives the Fund 33 years to grow. I'm a pretty disciplined person, so I have the ability to continue to contribute to the Fund every year and just let it do its "thing" without interrupting it, trying to time the market, etc.
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and the info they provide sucks compared to my ira at fidelity.
