Brexit "your thoughts" Is your 401 k safe?

Discussion in 'Current Events' started by By The Book, Jun 25, 2016.

?

How far will the stock market drop?

  1. 5%

    1 vote(s)
    5.3%
  2. 10%

    1 vote(s)
    5.3%
  3. More than 10%

    8 vote(s)
    42.1%
  4. Nothing to worry about,will recover soon

    9 vote(s)
    47.4%
  1. By The Book

    By The Book Well-Known Member

    Now that there was a majority vote to leave, is your 401k safe?, and what are your predictions and thoughts on where the stock market goes from here.
     
  2. This is way I don't have all of my eggs in one basket.
     
  3. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    There will be further corrections but the markets will stabilize and begin to rebound before the year is over.
     
  4. silenze

    silenze Lunch is the best part of the day

    Does the teamster 401k really charge 98$ a year in administration fees on top of the plan fees?
     
  5. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    They might but those fees are not paid by the member-----UPS covers any admin fees.
     
  6. MC0493

    MC0493 Active Member

    I only just got mine started, looks like i'm about to go backwards real quick.
     
  7. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    You will be fine; actually, this is a good opportunity for you.

    "Buy low, sell high."
     
  8. newfie

    newfie Well-Known Member

    all you need is a few European leaders to stand up and speak to having an orderly transition and the market will calm down. looks like merkel is the first one to do so.

    http://www.bbc.com/news/world-europe-36630326

    meanwhile market hysteria creates buying opportunities for others. I moved my 401 k into bonds since the market usually does a dip in the summer . i'll look to move some back once the market is done correcting.
     
  9. By The Book

    By The Book Well-Known Member

    It's good to be diversified
     
  10. By The Book

    By The Book Well-Known Member

    An article I read said this will be a small blip on a graph and over time nothing much to worry about.
     
  11. By The Book

    By The Book Well-Known Member

    Does anyone have any success with the self managed account?
     
  12. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    722 shares of Apple.
     
  13. By The Book

    By The Book Well-Known Member

    If I remember correctly those were bought mostly at $95.00. I think $110.00 would be a good price point to sell.
     
  14. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    The bulk were bought between $90-95.
     
  15. DriveInDriveOut

    DriveInDriveOut The One Who Knocks

    GLWT
     
  16. BrownArmy

    BrownArmy Well-Known Member

    "Lock the doors, kill the lights...no one's coming home tonight..."
     
  17. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Wu*?
     
  18. DriveInDriveOut

    DriveInDriveOut The One Who Knocks

    That's what 60 70k tied up in a tech company with one profitable product, good luck with that.
     
  19. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Thanks for your advice but I prefer to listen to the pros. My financial adviser (Edward Jones) told me to hold on to my shares and to use their money (dividends) to buy more.
     
  20. newfie

    newfie Well-Known Member

    sounds like an all in approach. any advice on diversifying?