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SVTPerformance's Chain of Restaurants
Road Side Pub
401k Question
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<blockquote data-quote="MFE" data-source="post: 16463769" data-attributes="member: 36397"><p>I assume the 401(k) is a stock fund? If so, you can re-direct the investments within that fund. I have two 401(k)'s, the biggest one being one from an old employer that I chose not to roll over when I started a new job (and a new 401(k)). Both of them are with large brokerages, e.g. Schwab, American Funds, Merril, Vanguard, etc. I would be shocked if your wife's 401(k) wasn't with a large brokerage/administrator like this that allows you to pick and choose from maybe 10-20 investment options.</p><p></p><p>I was doing pretty well with my largest 401(k) using a moderately growth-oriented mix of funds, but it lost 27% of its value between February 20 and March 24th. I hung in there and got 2/3 of it back by mid-May, but IMO there is no way in hell this economy is sustainable. Because IMO there's no WAY the stock market is being rational right now. We haven't yet gotten a glimpse of the full economic effect of the pandemic and the lockdowns. It's gonna hurt. The stock market is fat and happy on stimulus money in people's pockets and vacciine talk, but the piper's a'comin, and he's gonna get paid. </p><p></p><p>So, late May I went full asset-protection conservative with my fund selections. I have missed out on some of the stock market recovery, but I also haven't been slaughtered on the downsides. I'm 53 yo and I don't have decades left to rebuild from being blasted out of the water. OTOH I was counting on doubling my money in about 7-8 years and sitting on a decent retirement, but that can't happen with the returns I'm getting now. That little red triangle in mid-may is where I made the change, and you can see how much less volitile it is, but also a flatter growth curve.</p><p></p><p>Anyway, log into the account with her and start looking at the different fund types available.</p><p></p><p>[ATTACH=full]1654717[/ATTACH]</p></blockquote><p></p>
[QUOTE="MFE, post: 16463769, member: 36397"] I assume the 401(k) is a stock fund? If so, you can re-direct the investments within that fund. I have two 401(k)'s, the biggest one being one from an old employer that I chose not to roll over when I started a new job (and a new 401(k)). Both of them are with large brokerages, e.g. Schwab, American Funds, Merril, Vanguard, etc. I would be shocked if your wife's 401(k) wasn't with a large brokerage/administrator like this that allows you to pick and choose from maybe 10-20 investment options. I was doing pretty well with my largest 401(k) using a moderately growth-oriented mix of funds, but it lost 27% of its value between February 20 and March 24th. I hung in there and got 2/3 of it back by mid-May, but IMO there is no way in hell this economy is sustainable. Because IMO there's no WAY the stock market is being rational right now. We haven't yet gotten a glimpse of the full economic effect of the pandemic and the lockdowns. It's gonna hurt. The stock market is fat and happy on stimulus money in people's pockets and vacciine talk, but the piper's a'comin, and he's gonna get paid. So, late May I went full asset-protection conservative with my fund selections. I have missed out on some of the stock market recovery, but I also haven't been slaughtered on the downsides. I'm 53 yo and I don't have decades left to rebuild from being blasted out of the water. OTOH I was counting on doubling my money in about 7-8 years and sitting on a decent retirement, but that can't happen with the returns I'm getting now. That little red triangle in mid-may is where I made the change, and you can see how much less volitile it is, but also a flatter growth curve. Anyway, log into the account with her and start looking at the different fund types available. [ATTACH=full]1654717[/ATTACH] [/QUOTE]
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401k Question
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