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-   -   Money How is your 401k going? (https://chiefsplanet.com/BB/showthread.php?t=187171)

Bwana 07-12-2008 02:16 PM
Not so hot this year........

blueballs 07-12-2008 03:14 PM
Quote:
Originally Posted by HypnotizedMonkey (Post 4843233)
Redrum's mom gave me a dollar and dropped me off in the parking rot.
.

King_Chief_Fan 07-12-2008 04:24 PM
Quote:
Originally Posted by chief52 (Post 4843118)
From 7/12/2006 through 12/31/2007 my 401k was up 23.3%. From 1/1/2008 until 7/11/2008 it is down 12.8%.

Overall from 7/12/2006 until 7/11/2008 my 401k is up 7.5%.

How is your's doing...honestly.
in the last 10 days -100k. Too much incompany stock that has dropped for no apparent reason. company continues to beat last year numbers and exceeds expectatins of market. That plus the normal market losses.

King_Chief_Fan 07-12-2008 04:29 PM
Quote:
Originally Posted by istas (Post 4843381)
How much do you need in your 401k to retire on? I heard someway say
about $1million. What do you think?
Why a Million Dollars is Not Enough to Retire On
http://www.associatedcontent.com/art...ot_enough.html

This article suggest not depending on how far out in the future you will retire.

dtebbe 07-12-2008 08:28 PM
Quote:
Originally Posted by King_Chief_Fan (Post 4843568)
in the last 10 days -100k. Too much incompany stock that has dropped for no apparent reason. company continues to beat last year numbers and exceeds expectatins of market. That plus the normal market losses.

You are violating the #1 rule of 401k.

NEVER, NEVER, NEVER, NEVER, buy company stock in your 401k. You company goes tits up, and so does your 401k. Just ask the folks who worked for MCI.

DT

chief52 07-12-2008 08:47 PM
Quote:
Originally Posted by dtebbe (Post 4843844)
You are violating the #1 rule of 401k.

NEVER, NEVER, NEVER, NEVER, buy company stock in your 401k. You company goes tits up, and so does your 401k. Just ask the folks who worked for MCI.

DT
Actually, the #1 rule does not say to NEVER buy company stock. It says to stay diversified. A little company stock in your profile is no big deal. My matching only goes to company stock, but I can move it. 100% is a recipe for disaster. Add ENRON to the MCI...and there are many, many more. Your job is already tied to how the company does. No use compounding your problems if they go under.

dtebbe 07-12-2008 08:56 PM
Quote:
Originally Posted by chief52 (Post 4843874)
Actually, the #1 rule does not say to NEVER buy company stock. It says to stay diversified. A little company stock in your profile is no big deal. My matching only goes to company stock, but I can move it. 100% is a recipe for disaster. Add ENRON to the MCI...and there are many, many more. Your job is already tied to how the company does. No use compounding your problems if they go under.
Seriously, most experts say ZERO:
http://clarkhoward.com/liveweb/shown...7/09/14/12667/

DT

wutamess 07-12-2008 10:41 PM
Like you I raped the market for 24.2% growth last year. This year I'm down 13.8%
It says I'm up 20.1 percent from 7/12/08 - 7/10/08 but that doesn't seem right I'm thinking that's because I re-allocated my funds to other investments.

However, my Roth IRA has gained 14.14% since I joined it this time last year. Go FNARX

Buehler445 07-12-2008 10:51 PM
Quote:
Originally Posted by Stewie (Post 4843283)
I wasn't trying to be evasive just trying to help. The first thing you need to do is understand markets and investing. That may mean taking a class unless you're well versed in the markets and how different investments work. It's better to be educated than rely on an adviser. Advisers help ALOT but you need to understand what you're investing in. After all, it is your money.
I understand. I was just trying not to be invasive.

I have a pretty good handle on understanding the markets. Some of the technical aspects of individual investments I don't know about, that's what I would need to brush up on.

Where I lack is time to watch the market. I also don't have any technical analysis training or experience. If I were to put money out there, it would just be to buy a stock and hold onto it for awhile. I am nowhere near where you are.

chief52 07-14-2008 07:16 AM
Just curios how the week day shift may be doing. Guess misery loves company... But it is all long term. Still putting away the max.

El Jefe 07-14-2008 07:56 AM
Quote:
Originally Posted by chief52 (Post 4845631)
Just curios how the week day shift may be doing. Guess misery loves company... But it is all long term. Still putting away the max.
I don't have a 401k, so that's my position.

Otter 07-14-2008 07:58 AM
Quote:
Originally Posted by Bwana (Post 4843409)
Not so hot this year........
I'll go with this answer.

chasedude 07-14-2008 08:04 AM
Just started my first about a couple months ago. I need to talk with my Rep and get online access to see what it is doing.

Kerberos 07-14-2008 08:17 AM
Quote:
Originally Posted by HypnotizedMonkey (Post 4843233)
my mom gave me a dollar and dropped me off in the parking rot.
That's why DAD named you Joe Dirt.

kepp 07-14-2008 08:19 AM
Mine is down about 10 - 15% this year. I've been thinking of moving to more conservative investments for the time-being. Wise or not?


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