Up In Smoke
Well-Known Member
Stop-loss orders saved me tens of thousands of dollars last week. I assume RAW used the same strategy.
401k returns
- Thread starter Joshm
- Start date
Maple Grove MN Driver
Cocaine Mang!
Doubtful
The Driver
I drive.
Markets up 3% today so far. Crazy days.
ManInBrown
Well-Known Member
In times like this that’s a good place to be parked. Very conservative. I’m 100% S&P. Very risky but bigger rewards when things are going well. When things are in the tank, very bad. It’ll rebound so it doesn’t matter in the long run.
Rack em
Made the Podium
How big of a hit did you take so far? I have 45% S&P 500 and I don't even wanna look at what I've lost at this point.
ManInBrown
Well-Known Member
I looked once last week and I was down a sheetload. Lol. I haven’t looked since. I’m too afraid. It’ll rebound. Might take some time but it will come back. Only way it doesn’t is if this virus knocks out 50% of the world population which I highly doubt is going to happen.
olroadbeech
Happy Verified UPSer
The people this hurts are the ones who try to time the market. or the very old who don't have the time for the market to recover if the world falls into a recession.
It looks like your fantasy football team. Not too good .
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Brownslave688
You want a toe? I can get you a toe.
If you’re that old then you shouldn’t be in risky stocks.
ManInBrown
Well-Known Member
Exactly. My plan is 5-7 years before retirement I will be 100% BrightHorizon
Brownslave688
You want a toe? I can get you a toe.
Just go to mostly bonds. The bright horizon have high fees.
do you plan on using your 401k right when you retire?
Up In Smoke
Well-Known Member
The fear for the older/elderly and institutions is fixed income. Stocks are only 10/12% down this year, but treasuries are down nearly 50%. No safe haven for cash.
Brownslave688
You want a toe? I can get you a toe.
Bitcoin is up like 25%
Brownslave688
You want a toe? I can get you a toe.
Because someone is convinced market=economy
I've just been buying high dividend paying stocks like AT&T amongst a few others. When it's time that I want to start withdrawing some cash I'll quit reinvesting the dividendsBitcoin is up like 25%
ManInBrown
Well-Known Member
Don’t know. Really haven’t thought that far ahead. I got a ways to go. I really only started it in case the pension isn’t there when I retire. Started very small with only a few percent, and now I basically max out every year.
brownmonster
Man of Great Wisdom
I moved my entire 401k into the BH Retirement Income Fund last fall. Still have decent gains but hardly dropped last week when the market tanked. YTD up .42%
The Driver
I drive.
I plan on leaving my current allocations forever. If, in the future when I’m retired, the markets tank... well, I’ll just live on the pension while I wait on the recovery. I want results and can handle the risk. I live a pretty lean financial life.
The bond fund in our 401k is up 4% on the year.
