B
big poppy
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i currently dont have 401k and i just went full time and wanna enroll...can somebody help and tell me how to go about it...thanks
i currently dont have 401k and i just went full time and wanna enroll...can somebody help and tell me how to go about it...thanks
Huh???????? DIVERSIFY!Since we do not have a company matching funds policy, all monies invested have to come from you.
Only invest an amount that you feel comfortable with.
You can change the amount anytime ( + or - ).
Please be careful when investing, keep all your monies to one or two funds until the amount grows large ( all funds have fees ) ( less fees = more money for you ).
Huh???????? DIVERSIFY!
i currently dont have 401k and i just went full time and wanna enroll...can somebody help and tell me how to go about it...thanks
Bad move. You should be pouring into the S&P 500 and the other index funds available. Now is the time, especially when it is down. Look up the definition for "Dollar Cost Averaging". Please. That is how you make money over the long turn. Why get back in when it is back at the top? Buy low, sell high. Except you don't sell in your 401(k), you just start to take profits and move them into safer funds when closing in on retirement.I have all my money in the "stable value fund" until the market regains some of its normalcy. I haven't made much money, but I sure haven't taken the roller coaster ride that we all did when the tech stocks tanked in 2001. I will get back into the international, russell, etc funds when things get back to "normal."
Please no offense but you are not the type of person who should play with the stock market. Market timers ALWAYS LOSE in the long run. Did you look up Dollar Cost Averaging yet? Please do so. You will then understand why your theory doesn't work. Anyone else want to chime in here and help out our coworker so I don't look like an idiot with my advice for her?I don't know. I am not so sure that the market isn't still going to tank. I was losing thousands of dollars when the market began to go down when I was in S&P, Int'l, Russell, etc., and now I am not losing anything. Start a new thread and tell us all when you think the market is in semi-permanent correction.