Money How is your 401k going? - Page 2

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.

**Bwana** · 07-12-2008, 02:16 PM

Not so hot this year........

blueballs · 07-12-2008, 03:14 PM

Quote:

Originally Posted by HypnotizedMonkey

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

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

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

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

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

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

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

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

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

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?

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

07-12-2008, 02:16 PM	#16
Bwana It's Five O'Clock Somewhere Join Date: Aug 2000 Location: Billings, Montana Casino cash: $2136033647	Not so hot this year........ __________________ Adventure is dangerous....but monotony can kill you.
Posts: 70,474

07-12-2008, 10:41 PM	#23
wutamess MVP Join Date: Aug 2000 Location: Lee's Summit Casino cash: $4711637	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 Last edited by wutamess; 07-12-2008 at 10:55 PM..
Posts: 8,290

07-14-2008, 07:16 AM	#25
chief52 Veteran Join Date: Apr 2001 Location: NoCal Casino cash: $9805260	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.
Posts: 3,124

07-14-2008, 08:04 AM	#28
chasedude Supporter Join Date: Sep 2005 Location: St. Joe Casino cash: $9994900	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.
Posts: 36,287

07-14-2008, 08:19 AM	#30
kepp MVP Join Date: Aug 2005 Casino cash: $3519212	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?
Posts: 14,735