Money How is your 401k going? - Page 2

**DaKCMan AP** · 10-07-2008, 10:12 PM

Quote:

Originally Posted by DaKCMan AP

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.

Hasn't changed. The company stock has been taking the biggest hit but I'm not making any contributions there. All of the matching (until I'm 100% vested) goes there but I can't control it and it's not my money so whatever.

**TrebMaxx** · 07-12-2008, 12:28 PM

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.

**Bwana** · 07-12-2008, 02:16 PM

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

Otter · 07-14-2008, 07:58 AM

Quote:

Originally Posted by Bwana

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

I'll go with this answer.

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.

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

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.

**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.

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.

07-12-2008, 12:28 PM	#2
TrebMaxx Supporter Join Date: Nov 2005 Location: Peoples Republic of CoMo Casino cash: $-2202748	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.
Posts: 4,451

07-12-2008, 02:16 PM	#3
Bwana It's Five O'Clock Somewhere Join Date: Aug 2000 Location: Billings, Montana Casino cash: $2136043647	Not so hot this year........ __________________ Adventure is dangerous....but monotony can kill you.
Posts: 70,473

07-12-2008, 10:41 PM	#9
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, 08:04 AM	#11
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, 09:41 AM	#12
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	#13
Bwana It's Five O'Clock Somewhere Join Date: Aug 2000 Location: Billings, Montana Casino cash: $2136043647	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: 70,473

09-23-2008, 08:19 PM	#14
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