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UPS Retirement Topics
UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 2012
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<blockquote data-quote="Benben" data-source="post: 1103857" data-attributes="member: 25133"><p><strong>Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20</strong></p><p></p><p>I have received my tax refund. I know it goes against most "financial experts" But I claim 0 exemptions during the year so I get a nice phat check in February/March. When you get right down to it, my entire financial belief is this: People will spend what they have and generally live check to check. Thats why I think 401K's, DESPP, automatic transfers into un-spendable accounts the day of a paycheck, ect. are the keys to a rich retirement. I had 5 savings accounts all linked to my primary checking account. I found I moved money around to cover "wants" (weekend trips/dinners out/ipods ect.) so much that I really didn't save a damn thing at the end of the year. I closed all but 2 (one links to checking to prevent overdraft charges and the other I point to and tell the wife..."thats what we have in savings") and the others "became" my Merril Edge account. SInce I did that 5 months ago our "savings" outside the tax deffered accounts has trippled. The money that gets taken right off the top of a check before it even hits my checking account is still there and is working for me! The higher I set the deduction amount didn't effect a damn thing in day to day life. About all I could tell was the difference is it slowed the wife's spending...................ok some of it was my spending to but damnit I blame the wife (its much easier to do<img src="/community/styles/default/xenforo/smilies/wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /> </p><p></p><p>So my problem has become this.............When do I need to start thinking about safety? My 401K is all market funds and the REIT fund. My Merril Edge account is all BDC's and Reit's plus RNO (and with it's yield in my mind I consider it more over an MLP play.)</p><p>So with that long winded self abasement.................At what point does diversification and safety need to be addressed? I am about 20 years from retirement. Wife is about 10 (no, she's not older I just don't think we'll need her working past that. I'd much rather have her at the door when I get home every night wearing...well nothing-with dinner on the table, an evil sparkle in her eyes and the kids have moved out.) High yield carries higher risk. In this market the risk is negligable but its there. At where do we start looking for "safety." Or should the emphysis on safety be only for when we are in bear markets not when the bulls are a'running?</p></blockquote><p></p>
[QUOTE="Benben, post: 1103857, member: 25133"] [b]Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20[/b] I have received my tax refund. I know it goes against most "financial experts" But I claim 0 exemptions during the year so I get a nice phat check in February/March. When you get right down to it, my entire financial belief is this: People will spend what they have and generally live check to check. Thats why I think 401K's, DESPP, automatic transfers into un-spendable accounts the day of a paycheck, ect. are the keys to a rich retirement. I had 5 savings accounts all linked to my primary checking account. I found I moved money around to cover "wants" (weekend trips/dinners out/ipods ect.) so much that I really didn't save a damn thing at the end of the year. I closed all but 2 (one links to checking to prevent overdraft charges and the other I point to and tell the wife..."thats what we have in savings") and the others "became" my Merril Edge account. SInce I did that 5 months ago our "savings" outside the tax deffered accounts has trippled. The money that gets taken right off the top of a check before it even hits my checking account is still there and is working for me! The higher I set the deduction amount didn't effect a damn thing in day to day life. About all I could tell was the difference is it slowed the wife's spending...................ok some of it was my spending to but damnit I blame the wife (its much easier to do;) So my problem has become this.............When do I need to start thinking about safety? My 401K is all market funds and the REIT fund. My Merril Edge account is all BDC's and Reit's plus RNO (and with it's yield in my mind I consider it more over an MLP play.) So with that long winded self abasement.................At what point does diversification and safety need to be addressed? I am about 20 years from retirement. Wife is about 10 (no, she's not older I just don't think we'll need her working past that. I'd much rather have her at the door when I get home every night wearing...well nothing-with dinner on the table, an evil sparkle in her eyes and the kids have moved out.) High yield carries higher risk. In this market the risk is negligable but its there. At where do we start looking for "safety." Or should the emphysis on safety be only for when we are in bear markets not when the bulls are a'running? [/QUOTE]
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