Money How is your 401k going? - Page 3

chief52 · 07-12-2008, 10:06 AM

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.

**DaKCMan AP** · 07-14-2008, 08:24 AM

Quote:

Originally Posted by kepp

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?

Depends. If I had a bunch of $$ in there that was losing then yeah I'd move it to more conservative funds. Since I've only had my 401k for a little over a year I don't have a large sum built up and I can withstand the losses of the more aggressive funds while buying a larger share at a lower price.

ChiefsFan4Life · 07-14-2008, 09:41 AM

At the moment I am at -5.85%

**Bwana** · 09-23-2008, 08:16 PM

Bump:

Man, I'm getting my ass kicked and am considering loading it into 3-month treasury bills until things even out. This is crap.

chief52 · 09-23-2008, 08:19 PM

I wish I would have done something in July when I made this post. Damn, I considered it, but I have been riding it out. Downward as you can imagine. I've got some time, but it still sucks!

**Bwana** · 09-23-2008, 08:20 PM

Quote:

Originally Posted by chief52

I wish I would have done something in July when I made this post. Damn, I considered it, but I have been riding it out. Downward as you can imagine. I've got some time, but it still sucks!

Like a turbo charged shopvac brother.

**luv** · 09-23-2008, 08:28 PM

I'm rich.

shaneo69 · 09-23-2008, 08:29 PM

I started my new job in November '07 (coincidentally enough, working in the 401k dept), and I immediately rolled in $10,000 from my previous employer's 401k. I've been putting in 5% since 2/1/08 with a 3% match, and I looked at my account balance the other day, and it was...still at $10,000 or just a little less. So I've pretty much been throwing away 5% of all of my paychecks since Feb.

chief52 · 09-23-2008, 08:47 PM

Quote:

Originally Posted by Bwana

Like a turbo charged shopvac brother.

You got that right...

Personal Rate of Return from 01/01/2008 to 09/22/2008 is -15.9%*

**alnorth** · 09-23-2008, 09:24 PM

Quote:

Originally Posted by shaneo69

I started my new job in November '07 (coincidentally enough, working in the 401k dept), and I immediately rolled in $10,000 from my previous employer's 401k. I've been putting in 5% since 2/1/08 with a 3% match, and I looked at my account balance the other day, and it was...still at $10,000 or just a little less. So I've pretty much been throwing away 5% of all of my paychecks since Feb.

If you sell out and go to cash, THEN you will have thrown away all that money. Until you sell, its only a theoretical loss on paper. Right now you have a lot more shares than you started, so for you at least, if the market recovers it will move up faster than it would have a year ago with fewer shares.

Frankly, I'm trying to figure out if I can afford to increase my contribution, stocks are on sale right now. A lot of these banks are being forced to sell perfectly good assets that are not in trouble at fire sale prices to stay alive, and then you have panicked fools who pay too much attention to money TV shows who are really entertainers.

Buy and hold works if you have the time. (If you dont, then what the hell are you doing 100% in stocks?) If your retired or near it, you need at least 15-20 years worth of safe money to let the stocks ride. Timing the market is a fools game, and when the market recovers from a horrible down market, it does not recover slowly. If your out a month you likely miss a ton of it.

**Iowanian** · 09-23-2008, 09:53 PM

If I wasn't sinking coin into my house, I'd be buying in while its down.

More bang for my bucks when it goes back up.

I did make the mistake of looking after the -1k swing last week. Big mistake.

Fairplay · 09-23-2008, 10:11 PM

Quote:

Originally Posted by wutamess

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

Yeah, right, you always make money in a very down year, whatever.

**alnorth** · 09-25-2008, 06:08 PM

Quote:

Originally Posted by alnorth

If you sell out and go to cash, THEN you will have thrown away all that money. Until you sell, its only a theoretical loss on paper. Right now you have a lot more shares than you started, so for you at least, if the market recovers it will move up faster than it would have a year ago with fewer shares.

Frankly, I'm trying to figure out if I can afford to increase my contribution, stocks are on sale right now. A lot of these banks are being forced to sell perfectly good assets that are not in trouble at fire sale prices to stay alive, and then you have panicked fools who pay too much attention to money TV shows who are really entertainers.

Buy and hold works if you have the time. (If you dont, then what the hell are you doing 100% in stocks?) If your retired or near it, you need at least 15-20 years worth of safe money to let the stocks ride. Timing the market is a fools game, and when the market recovers from a horrible down market, it does not recover slowly. If your out a month you likely miss a ton of it.

I think I'm going to back off on this just a bit. Buy and hold works 99.99% of the time. The other 0.01% of the time could happen in the next few months.

If this $700B bailout deal completely falls through and we hear that its definitely not going to happen, then I would advise everyone to run to cash and/or commodities for a while. I don't believe in timing the market, but this is going to be as hard to predict as gravity's impact on an egg.

**MahiMike** · 09-25-2008, 08:04 PM

Monday morning before the opening, I sold a bunch. 65% cash right now. I'm going to convert mine to a guaranteed fixed annuity. No matter who gets elected, if they pass the bailout, taxes are going up and we're headed for recession.

Hold on to your ASSets!

chagrin · 09-25-2008, 09:49 PM

Honestly I need to check the numbers but I sunk everything in my Chase employee stock; since we're basically the only bank making a solid profit, it's golden

chief52 · 10-07-2008, 10:04 PM

Quote:

Originally Posted by chief52

You got that right...

Personal Rate of Return from 01/01/2008 to 09/22/2008 is -15.9%*

Personal Rate of Return from 01/01/2008 to 10/07/3008 is - 22%

Damn...I guess I am just along for the ride now.

07-12-2008, 10:06 AM
chief52 Veteran Join Date: Apr 2001 Location: NoCal Casino cash: $9805260	How is your 401k going? 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.
Posts: 3,124

07-14-2008, 09:41 AM	#32
ChiefsFan4Life DT: HOF Class of 2009 Join Date: Sep 2005 Location: Fenton, MO Casino cash: $9994900	At the moment I am at -5.85%
Posts: 2,032

09-23-2008, 08:16 PM	#33
Bwana It's Five O'Clock Somewhere Join Date: Aug 2000 Location: Billings, Montana Casino cash: $2135993647	Bump: Man, I'm getting my ass kicked and am considering loading it into 3-month treasury bills until things even out. This is crap. __________________ Adventure is dangerous....but monotony can kill you.
Posts: 70,476

09-23-2008, 08:19 PM	#34
chief52 Veteran Join Date: Apr 2001 Location: NoCal Casino cash: $9805260	I wish I would have done something in July when I made this post. Damn, I considered it, but I have been riding it out. Downward as you can imagine. I've got some time, but it still sucks!
Posts: 3,124

09-23-2008, 08:28 PM	#36
luv You think you can get by this? Join Date: Dec 2004 Location: Springfield, MO Casino cash: $-1180000	I'm rich.
Posts: 63,559

09-23-2008, 08:29 PM	#37
shaneo69 Smug Weasel Join Date: Jul 2003 Location: Bleachers at Busch Casino cash: $10004900	I started my new job in November '07 (coincidentally enough, working in the 401k dept), and I immediately rolled in $10,000 from my previous employer's 401k. I've been putting in 5% since 2/1/08 with a 3% match, and I looked at my account balance the other day, and it was...still at $10,000 or just a little less. So I've pretty much been throwing away 5% of all of my paychecks since Feb. __________________ "I like Chiefs president Carl Peterson. I respect his business savvy. I envy his management skills and his penchant never to be driven by the whims of popularity. I admire his willingness to take responsibility for decisions that don’t work out the way he would have wanted." - Rufus, from KCChiefs.com ----------------------------------------------------------------------
Posts: 4,910

09-23-2008, 09:53 PM	#40
Iowanian Supporter Join Date: Aug 2000 Location: Utopia Casino cash: $1768454	If I wasn't sinking coin into my house, I'd be buying in while its down. More bang for my bucks when it goes back up. I did make the mistake of looking after the -1k swing last week. Big mistake.
Posts: 62,936

09-25-2008, 08:04 PM	#43
MahiMike He's Mahomie! Join Date: Aug 2001 Location: Jax, FL Casino cash: $10023443	Monday morning before the opening, I sold a bunch. 65% cash right now. I'm going to convert mine to a guaranteed fixed annuity. No matter who gets elected, if they pass the bailout, taxes are going up and we're headed for recession. Hold on to your ASSets!
Posts: 17,387

09-25-2008, 09:49 PM	#44
chagrin Giggitty! Join Date: Apr 2005 Location: Missoula, Mt Casino cash: $9804905	Honestly I need to check the numbers but I sunk everything in my Chase employee stock; since we're basically the only bank making a solid profit, it's golden __________________ Times have changed, so have I, things are better now.
Posts: 13,414

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