06-27-2008, 06:03 PM
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#1 (permalink) |
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Piggy Bank
Join Date: Mar 2008
Location: pa
Age: 32
Posts: 79
Rep Power: 1
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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.
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06-27-2008, 06:08 PM
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#2 (permalink) |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 545
Rep Power: 4
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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.
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06-27-2008, 07:37 PM
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#3 (permalink) |
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Administrator
Join Date: Aug 2006
Location: Central CT
Age: 28
Posts: 509
Rep Power: 10
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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 |
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06-27-2008, 07:40 PM
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#4 (permalink) |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 545
Rep Power: 4
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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.
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06-27-2008, 08:19 PM
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#6 (permalink) |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 545
Rep Power: 4
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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
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07-24-2008, 07:07 PM
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#8 (permalink) |
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Administrator
Join Date: Aug 2006
Location: Central CT
Age: 28
Posts: 509
Rep Power: 10
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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  |
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