seemunkee
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Sat Apr-16-05 10:24 AM
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What should I do with my 401K |
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I've had it in a real estate fund, mid cap, and emerging market. I'm thinking it should go somewhere a little safer for a while.
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BringEmOn
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Sat Apr-16-05 10:26 AM
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1. Put it all in money market fund |
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Edited on Sat Apr-16-05 10:48 AM by BringEmOn
*until this shit blows over. Preserve what capital you have left.
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drdon326
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Sat Apr-16-05 10:27 AM
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2. Can you roll it over ? |
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either way make it easy for yourself
50% s/p 500 25% midcap 25% small cap
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JVS
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Sat Apr-16-05 10:27 AM
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3. Snort Coke off a hooker's ass! |
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Edited on Sat Apr-16-05 10:28 AM by JVS
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Wcross
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Sat Apr-16-05 10:37 AM
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4. I recently shifted my funds around. |
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I just went and picked 4 funds- Overseas,lowprice,mid-cap &the contra fund. All are with Fidelity and I chose the funds based on the 10 year track record. All the funds are averaging 12-13%. I have 20 years before I will need the money so I am leaving it alone for at least the next 15. I also upped my contributions to 16%. If all goes well I hope to have well over 1 million in my account by retirement. I will also get a pension and maybe even social security. I don't want to have to work in my retirement.
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amazona
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Sat Apr-16-05 11:18 AM
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5. what are your options? |
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Don't know how to advise you without knowing what choices you are offered.
Looking at your past choices, it seems you are either a risk-taker or you follow fads a bit too much. Unfortunately, the money market idea suggested by another poster is a very bad idea at today's low interest rates. I'm getting most return for safety in CDs and I-Bonds but don't know if you have those options. The money market funds supposedly invested in T-bills and other gov't instruments don't seem to be paying fairly at the moment. But if you can purchase savings bonds, treasury notes, etc. directly then you have safety plus around 4 percent return.
The conservation movement is a breeding ground of communists and other subversives. We intend to clean them out, even if it means rounding up every birdwatcher in the country. --John Mitchell, US Attorney General 1969-72
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drdon326
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Sat Apr-16-05 11:23 AM
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7. seemunkee apparently doesnt want to follow - up. |
seemunkee
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Sat Apr-16-05 11:29 AM
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my son was calling from college
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seemunkee
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Sat Apr-16-05 11:25 AM
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Hancock funds has ~50 funds available covering the whole spectrum. I have been a bit of a risk taker but its probably time to be a bit more conservative.
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BringEmOn
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Sat Apr-16-05 11:58 AM
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11. I'm somewhat of a risk taker, too |
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I put most of mine in aggressive equities when the market is strong and move it to safer funds when it's down. I have very few options in my plan, so all mine is in money market fund right now. All other options are losing money. When the market turns back upward, I'll reassess and move funds into more riskier (and more profitable) investment options. My plan allows me to move my money around without charge, so I try to maximize gains while keeping losses to a minimum. It's working great, thus far.
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BringEmOn
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Sat Apr-16-05 11:50 AM
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Go ahead...cash out your 401-K and take the huge penalty and lose your employer's matching funds and invest in CD's, I-bonds,etc for 4% as this poster suggests. You'd be certifiable.
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DS1
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Sat Apr-16-05 11:21 AM
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6. Cash it out and leave the country |
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Sun May 05th 2024, 08:27 PM
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