401K money
- Thread starter helenofcalifornia
- Start date
jasar13
Active Member
REIT's a sure thing? ....not so sure about that.
If ANY stock, mutual or ETF goes lower it is an opportunity to buy more at discount prices. REIT is not the sure thing you claim.
Individual investors can EASILY average 17%? really?
Seasoned investors averaging 30% a year? not sure where you get info to back this up. If that were the case actively managed mutual fund managers would be making a killing instead of having 3 of 4 underperform the S&P every year.
Channahon said it best....... "I would suggest anyone within 5 years of retirement should find a financial planner. A planner can help you with your questions, make suggestions for your future and manage your stock and bond portfolios if you choose to do so."
Your future is too important to be playing around with.
The one thing i do agree with is your 401k can be a reliable avenue in preparing for retirement years.
Raw
Raw Member
I was waiting for a week like this week and a day like today ( 6/22 ) where the market went down strong. Now for monday 6/25 I will be in 80% of my total 401K with 50% in the sp500 and 50% in the Russell 2000 to catch the rally ( I`ve been in Stable fund most of the year ) . There is support on sp500 at 1502 and magically the sp500 today lost 20 pts to end the day at 1502! It will hit 1502 than bounce , maybe to new highs. Notice I`m posting this before the fact so you can see that you need to follow charts and you can time the market!!
teamsterdan
Well-Known Member
I'm not trying to "prove" anything here, only time will prove me right or wrong and I'm confident enough in my skills to manage my own $$ and have been successful in doing so.......funny thing abt. the logic of hiring a planner to do your finances (BTW if you do look for a "fee only" planner; not somebody peddling their own co.'s funds) is that your absolutely right "Your future is too important to be playing around with" so WTF would you entrust a stranger you meet to do it for you?????? I give props to the pro's they are capable of managing a multitude of folio's for a lot of different people in different situations, I only need to concern myself w/myself, and via technology and the web "we" have virtually the same info as the pros, believe me I'm not a day trader, I'm an investor....in it for the long haul, again I can only cite my personal experience........as far as the #'s the 17% - 30% gains...... read any of the $$$ rags, money, individual investor, forbes, I've read it on more than one occasion, I'll try to dig up a specific reference on the next rainy day.......successful investing requires discipline and sacrifice, and most aren't willing to do it.....BTW if my "broker" is so smart WTF do they still work??????????
Update, Raw I dont have the figs for 6/22, but the 401k on 6/21 has the lead horse being the 400 at 13 %, the second horse EAFE is at 10 and the 500 is at 8 rounding off the top 3. Ill ride that 400(like a rich mans daughter) then kick her to the curb if she quits puttin out. Then lets just say if the EAFE passes the 400 then Ill wait a week or two and if she holds the lead I dump all my goodies in that. I ll just keep riding the coat tails of the highest fund. Becareful with the EAFE they have a 2 % penalty on your earnings(not the balance). I found that out earlier in the year when I left her for the 400. It was a measely 35 bucks, peanuts compared to what I made off her. Remember folks you have to risk big to win big. ( ;
Raw
Raw Member
The trick is to pick the fund before it takes the lead, once it`s leading its old news and too late to get in.Your picking the horse after the race! You want to buy the " uglys ", the funds/stocks that nobody wants cuz they look so bad. I had to wait for an ugly week before I got back in the risky funds.
psyclone
6311
SSGA REIT did extremely well in the past, but has been bleeding profusely this year. MarketWatch put the sell tag on the fund today, citing that it is "not only doing poorly against the regular market, it is doing poorly against its peers". Add in the fact that the expenses far exceed most of our other options in that risk category, and I decided to cut my losses with REIT.
Raw
Raw Member
check out free coffee talk every day! http://www.philsgang.com/GetPage.asp?ID=401
Dude! Raw dont tell Im being doing it all wrong?LOLThat would be great, picking the horse before it takes the lead, buy low and ride out it high. Im still trying to work out all the kinks. lol good luck. Thanks for the insider tip. LOL ps I watched that movie Wall Street,with Charlie Sheen theres alot good tips in there,lol
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Raw
Raw Member
LOL!!
I tried giving you rep for this but it said I must spread said rep around before giving it to you again!!!helenofcalifornia
Well-Known Member
Update: Only lost $1000 in the last stock market drop. Last time I lost $5000. Stable fund way to go to cut losses. Only wish when you switch funds it was immediate and not until the end of the next business day. OK, back to the good natured ribbing and joking. But it is very interesting to hear all the different way people take care of their 401K monies. For some, this will be a major part of their retirement. Financial planning for the UPSer would be a great topic by itself. Thanks everyone!
toeknee2gx
Well-Known Member
i hate the limited selection of funds we can invest in. The self managed account is a lifesaver...
Raw
Raw Member
In self-managed stock picks don`t you have to keep it for like 6 months or something??
helenofcalifornia
Well-Known Member
I am kinda scared of self-managed. Unless you really know the stock market, I find the choices UPS gives us as adequate. But hey, don't we all wish we had invested $10,000 in United Airlines when it was selling for $1. (Now selling for $35!) I wish I had more time to look into stock investing. Any ideas on good web sites to look at?
toeknee2gx
Well-Known Member
Helen, all my joking aside, In my first post it list my honest earnings so far for this year. Raw has alot of good tips,but in my case I believe knowing to much at times can be a hinderance. I ve always kept dumping my balance and weekly allocations into the highest fund. Beginning of 07 I had a balance of 98,000 I now have a balance of 116,000(ps I lost a 1000 tooo on 6/22), contributions were 7,500 so far for the year. My earnings were a whopping 10,500 and were only half way through the year. Fingers cross. I always like knowing I have my money in the highest fun. What I do might not be looked upon from wall street experts as playing the game correctly. But hey, My earnings speak for themselves. Those are my honest numbers. ps. I always enjoy speaking to people that are from California. I was born and raised there. ( : take care and good luck a43
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