2008 and 2009 it was very hard to watch my 401k and ira balances crashing.With the Economy the way it is now. Similar to 2008/9. If you don’t mind sharing; what are some of the #’s career PT or FT Fedex employees were able to save over the years in the 401k? And any strategies to ride out this crap besides moving all the money to bonds?!
Learn to insure your long positions with options. For a fraction of your nest egg you can insure a positive return. Choppy markets make for great buying opportunities.With the Economy the way it is now. Similar to 2008/9. If you don’t mind sharing; what are some of the #’s career PT or FT Fedex employees were able to save over the years in the 401k? And any strategies to ride out this crap besides moving all the money to bonds?!
I'm almost tempted to buy someFdx stock down 45 this morn,holy cow!
Fat Freddy just took a big pay cutFdx stock down 45 this morn,holy cow!
You can buy some November $190 calls for $2 per share.I'm almost tempted to buy some
That's not my gameYou can buy some November $190 calls for $2 per share.
The smartest investors on the planet would say STAY the course. Keep investing weekly. You buy more stock at dips with DCA , dollar cost averaging, and will come out way ahead when the market comes back.With the Economy the way it is now. Similar to 2008/9. If you don’t mind sharing; what are some of the #’s career PT or FT Fedex employees were able to save over the years in the 401k? And any strategies to ride out this crap besides moving all the money to bonds?!
Thanks for thorough feedback.The smartest investors on the planet would say STAY the course. Keep investing weekly. You buy more stock at dips with DCA , dollar cost averaging, and will come out way ahead when the market comes back.
It does depend on when you are retiring. If a ways to go keep doing what you are doing.
I'm retired and will not start RMD until I'm 72.5. over 6 years from now. We still invest a little aggressively for our age. perhaps 70/30 stocks to cash.
This is not coming from me. Buffett, Bogel ( started Vanguard funds where most of our retirement money is ) and many other smart business people advise.
Our retirement accts were in the high 6 figures 7 years ago when I retired.
They have doubled since then. Thru ups and downs of the market.
Not too worried now . Only if something unusual and never before seen occurs. In that case we still have our paid off home which is worth 7 figures and a good chunk of cash in several banks.
Whatever you make try to invest the max in the 401k and put aside cash every payday.
Very nice plan.retired last Dec,moved 401 and portable to rollover IRA at vanguard, with news about economy.rcession looming etc I put lot in cash and several funds,Sphd schd. Splv ,low volatility funds and one is Schwab fund with dividend stocks also veipx ,equity inc at VG which is only down about 5% for the year, vweax a Corp bond fund at VG that yields around 4-5%. Put some in a REIT and somevindividual stocks like apple, chevron,ConocoPhillips and Oxy ,all oil companies that are doing well but cyclical so keep close eye on those.also have some Amazon which already had for several years.About 50 % stocks the rest bonds cash.
Read any books by William bengen and wade Pfau concerning financial planning.
Or go open up a Roth IRA somewhere elseThe PPA Express gives is icing on the cake. Better than nothing. But all of a sudden I’m realizing I’m just about half way done at Express. If I ever want to make parole, I must beef up the 401k.