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UPS Retirement Topics
Just started my 401k, thoughts?
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<blockquote data-quote="Squint" data-source="post: 1219208" data-attributes="member: 48231"><p>I DO NOT recommend doing what I did, although I made big money doing it. I started in 1991 putting 5% of before tax money into the S&P 500, 100% of my money. When I started the S&P was 397. It was easy at first as the 90's were booming. Does anyone remember the Magellan fund? I remember one quarter I made 9 grand in that fund. Man those were the days. A couple of years I put 11% before tax money in. Yeah, I'm a wild one. I've since scaled back as I've retired but still have 40% in the S&P 500. The last couple years of work I put 2% after tax money away, of course in the S&P 500. I loved the thrill of a 1% rise in the stock market and making boo koo money. I still love to watch the stock market on CNBC and my wife and I have opened up some ETF's. We actually doubled our money on Bank of America in the last few months. We need another new hot tip. We were looking at Twitter but have decided to wait on that and see.</p></blockquote><p></p>
[QUOTE="Squint, post: 1219208, member: 48231"] I DO NOT recommend doing what I did, although I made big money doing it. I started in 1991 putting 5% of before tax money into the S&P 500, 100% of my money. When I started the S&P was 397. It was easy at first as the 90's were booming. Does anyone remember the Magellan fund? I remember one quarter I made 9 grand in that fund. Man those were the days. A couple of years I put 11% before tax money in. Yeah, I'm a wild one. I've since scaled back as I've retired but still have 40% in the S&P 500. The last couple years of work I put 2% after tax money away, of course in the S&P 500. I loved the thrill of a 1% rise in the stock market and making boo koo money. I still love to watch the stock market on CNBC and my wife and I have opened up some ETF's. We actually doubled our money on Bank of America in the last few months. We need another new hot tip. We were looking at Twitter but have decided to wait on that and see. [/QUOTE]
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Just started my 401k, thoughts?
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