H
help
Guest
im gonna start my 401K at 5-7% im 29 not yet at top rate for driving...what funds should i invest in? im green when it comes to this...i only wanna put $$into 1-3 funds to start...can anyone help?
im gonna start my 401K at 5-7% im 29 not yet at top rate for driving...what funds should i invest in? im green when it comes to this...i only wanna put $ 1-3 funds to start...can anyone help?
talk to a financial guy, but i've had good results in rough times with the bond index funds. When the economy is doing well, i'm in the s&p fund, with some in the bond fund for safety. just remember to keep up with the market, because if you don't you'll not only be losing on what you have you'll also continue to put money in the loser if you don't change your election.im gonna start my 401K at 5-7% im 29 not yet at top rate for driving...what funds should i invest in? im green when it comes to this...i only wanna put $ 1-3 funds to start...can anyone help?
I'm chilling in the Bond Market Index for now until Wall Street shapes up again.. Dow was down on Feb 4th 2008 over 100 points....
im gonna start my 401K at 5-7% im 29 not yet at top rate for driving...what funds should i invest in? im green when it comes to this...i only wanna put $ 1-3 funds to start...can anyone help?
You can do the same in the Teamster 401k self managed account, but it is for someone who knows something about investing, IMHO.My help is to tell you to do your own research and invest in what you think is a good fund. Not sure about the TeamsterUPS 401K fund, but in the 401K for non union we have an option to do a self managed account. There's a few limitations such as keeping a minimum of 5K in the regular choices. With the self managed you can buy pretty much any mutual fund, ETF (Exchange Traded fund) or stock. I'm pretty sure they still don't allow you to buy putscalls yet. With the SMA, it pretty much opens your choices to just about anything. I like'd this method myself since there seems to be a lot of other funds out there that do better then the limited choices offered.
Unless you're near retirement that's a poor investment idea, now's the time to be buying more of what you already have a better prices.
Dow is down on Feb 5 over 300 points..I'm chilling in the Bond Market Index for now until Wall Street shapes up again.. Dow was down on Feb 4th 2008 over 100 points....
Dow is down on Feb 5 over 300 points..
The great W.B. says....."When everyone is panicing, you should buy and when everyone is buying, you should panic." You nailed it. Put everything in on these dips. Just my opinion.BUY,BUY,BUY!!!!!!!!
The S & P 500 and Russell 2000 are long term investment vehicles. Don't be pulling out on the dips. You should be dollar cost averaging them right now. Stick with them long, long term. You'll get it all back and much more in time. Might be a long while with the slowing economy but you will profit.I started mine right at 2 years ago, and put it in 4 different funds... As to date I've had the best luck with the EAFE international fund, and my losing horse is in the Russel 2000 fund.
My options... If I were to change the 2000 fund over to the S&P500 and start investing in that fund... does the current 2000fund money get moved over into the 500 as well... am i looking at penalties here...better to just ride it out at this point....
$01k's (not a typo) are better than most pension plans, if one cares about their financial future.And that, my friend, is the biggest problem with 401K's as apposed to traditional pension plans. The average Joe doesn't have a clue about investing and he is responsible for securing his retirement. You can't take money out af a traditional plan to pay off a car or borrow a grand.
How 'bout it. The average maroon will spend more time programming his HDTV on any given weekend than on his financial future. I'm counting on myself and God. Not UPS or our pathetic war hungry government. You have to plan your own long term success. JMO.$01k's (not a typo) are better than most pension plans, if one cares about their financial future.
It's your money and you should be able to access it/control it/ and take it with you to another workplace, if need arrives.
I guess the traditional plan protects us from our own stupidity.
The let "Big Brother" take care of me mentality,IMHO,is the biggest problem in personal financial planning.
If the average Joe doesn't have a clue, he/she should invest their time in learning some very simple basics, and, if they chose not to try and secure their own financial future, well, "stupid is as stupid does".