How is your 401k going?

[chief52]

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.

[the Talking Can]

like ManDingo working over one of the Olsen twins....the market to my money....

[KC Jones]

Oh lord - I just checked mine and my god have I gotten raped over the last year. I'm not too upset about it because I only just started putting much in but this reminds me I need to review what I'm investing in.

My IRAs on the other hand have been surviving the storm just fine.

[Bearcat]

Originally Posted by chief52

From 1/1/2008 until 7/11/2008 it is down 12.8%.

That sounds about right... around -10%.

[Stewie]

I don't have many options in my 401k and I moved to a conservative fund about a year ago. It has made 4.5% in the last year. I wouldn't even be in the plan if it wasn't for the company match because the investment options are horrible.

Outside of my 401k I'm doing quite well, but I'm an aggressive contrarian investor.

[Buehler445]

I only have options for types of fund (largecap, smallcap, international etc.), and it has been complete ass. I can't get on to look at it becuase the horse****ers need to reset my password, but I think I was down like 7% or something. Not really worried about it, because I'm 25, but its frustating.

The good news is next month my employer starts matching. That way I can lose other people's money.

Another interesting point is that the largest percentage of my money is in large caps (40% or something like that) and that is my biggest loss sector. It was supposed to NOT take huge losses!

[Buehler445]

Originally Posted by Stewie

I don't have many options in my 401k and I moved to a conservative fund about a year ago. It has made 4.5% in the last year. I wouldn't even be in the plan if it wasn't for the company match because the investment options are horrible.

Outside of my 401k I'm doing quite well, but I'm an aggressive contrarian investor.

Really, that's interesting. Do you do that for a living or do you just use your investments?

[Stewie]

Originally Posted by Buehler445

Really, that's interesting. Do you do that for a living or do you just use your investments?

I'm an engineer, so no I don't invest for a living. I do have savvy advisors who guide me down the road with my personal investments.

[HypnotizedMonkey]

my mom gave me a dollar and dropped me off in the parking rot.

[Buehler445]

Originally Posted by Stewie

I'm an engineer, so no I don't invest for a living. I do have savvy advisors who guide me down the road with my personal investments.

I'm interested in getting some help with investing. Can you tell me who you go through or is it just individuals?

[Stewie]

Originally Posted by Buehler445

I'm interested in getting some help with investing. Can you tell me who you go through or is it just individuals?

I have two individuals who advise me. They don't recommend specific stocks, but analyze market trends and recommend sector plays.

If you're looking for an advisor look for a fee-based advisor. They aren't trying to sell you anything and are more apt to give less subjective advice. Of course, you need to find someone who thinks like you as far as risk, etc.

[Buehler445]

Originally Posted by Stewie

I have two individuals who advise me. They don't recommend specific stocks, but analyze market trends and recommend sector plays.

If you're looking for an advisor look for a fee-based advisor. They aren't trying to sell you anything and are more apt to give less subjective advice. Of course, you need to find someone who thinks like you as far as risk, etc.

Fair enough. I certainly don't have enough money to commit to it now, but down the road, I'd like to. I'd much rather do that than sink that money into a boat or camper (they're big here at Cabela's).

Thanks for the insight.

[TrebMaxx]

I have been afraid to look at it since I checked it last in April. I just keep saying to myself "Let it ride". At least my contributions are buying low right now.

[Stewie]

Originally Posted by Buehler445

Fair enough. I certainly don't have enough money to commit to it now, but down the road, I'd like to. I'd much rather do that than sink that money into a boat or camper (they're big here at Cabela's).

Thanks for the insight.

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.

[istas]

How much do you need in your 401k to retire on? I heard someway say
about $1million. What do you think?