06-27-2008, 05:03 PM
|
#1 |
|
Piggy Bank
Join Date: Mar 2008
Location: pa
Age: 34
Posts: 77
Rep Power: 3  |
How's your 401K doing
Well concidering current market conditions, I was wondering how everyones 401k was doing. I know I was down 8.8% last quater in earnings. It sucks but I'm not sure if I should reallocate funds or just ride it out.
|
|
|
|
06-27-2008, 05:08 PM
|
#2 |
|
Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 6 |
mine isn't doing that great. i'm in a standard 2045 fund. i pretty much don't worry about it. i wish i could have an online brokerage account, but i can't. i suppose when i have more play money to invest, i'll get a little more into buy stocks on a regular basis. i'm pretty limited right now.
|
|
|
|
|
06-27-2008, 06:37 PM
|
#3 |
|
Administrator
Join Date: Aug 2006
Location: Central CT
Age: 30
Posts: 739
Rep Power: 10 |
i don't have a 401k. i have a simpleIRA. (SIMPLE IRAs: Introduction)
With it, i can move my money where ever i want, just like a regular e-trade or fidelity account would allow. I made some shit choices when i first got into stocks that i'm still paying for. (SIRI, GCOM, IMH) Too late to sell... not even worth it. Just sitting on 'em. as a result, i'm down 22% Fortunately, only 50% of the money in it is mine due to company match, so technically, i'm up |
|
|
|
|
06-27-2008, 06:40 PM
|
#4 |
|
Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 6 |
brian, you should look into putting a good chunk into one of the fidelity 2045 funds. thats what i had mine in. keep some in some retirement funds and play with the rest. I don't trust myself to manage all the stocks forever.
|
|
|
|
|
06-27-2008, 07:17 PM
|
#5 |
|
Administrator
Join Date: Aug 2006
Location: Central CT
Age: 30
Posts: 739
Rep Power: 10 |
i have a good portion of my simple IRA in FSNGX mutual fund. up 24%
|
|
|
|
|
06-27-2008, 07:19 PM
|
#6 |
|
Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 6 |
good. i would let 80% of mine be managed and i'll play the 20%. until i get good enough that my stocks kill it and my ego rules me. then i'll put it all into stocks and lose the farm. haha
|
|
|
|
|
07-24-2008, 04:33 PM
|
#7 |
|
Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 6 |
i'm down 2% for the year.
|
|
|
|
|
07-24-2008, 06:07 PM
|
#8 |
|
Administrator
Join Date: Aug 2006
Location: Central CT
Age: 30
Posts: 739
Rep Power: 10 |
i'm down 10% lifetime. i don't know how to track it by the year.
i did make a couple bad risks earlier this year. like my $4.80 SIRI purcahse that's been under $3 since, and my $1.84 purchase of imh that hasn't broken $1 in months 
|
|
|
|
|
07-24-2008, 06:14 PM
|
#9 |
|
Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 6 |
the only reason i know is because i started here after jan 1. i still think the siri is going to hit $6.
|
|
|
|
|
07-24-2008, 06:26 PM
|
#10 |
|
Administrator
Join Date: Aug 2006
Location: Central CT
Age: 30
Posts: 739
Rep Power: 10 |
the good news is that everything i'm down on where old purchases when i didn't know what i was doing.
everything i've bought recently is up, even in this market. |
|
|
|
|
07-24-2008, 06:28 PM
|
#11 |
|
Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 6 |
thats a good thing. ugh, i should've bought cal when i started watching at $6 and sold when it hit $15 yesterday. $9 in less than 21 days. grrrrrr
|
|
|
|
