Teamster UPS 401K - Prudential Financial

[Benben]

Anyone got the Reit fund since inception it’s up

In general, Reits borrow and leverage to purchase properties which they then rent out for their profits which in turn pays for the distributions. Following the 2008 market meltdown the Feds instituted ZIRP(Zero Interest Rate Policy. You know the same policy that has us making .01% on our bank checking and savings accounts.) During ZIRP it was stupid easy to make millions hand over fist if you could borrow and leverage millions. Now the Fed is and has been raising interest rates (since about the last 2 years of the Obama term) and the margins for REITs are coming under pressure.

For a little understanding or insight into REITS don't just look at the numbers "since inception"from the Prudential site. Google stocks OHI, ARCT, HPT, SIR or ARR. Then hit the 5 year or 10 year stock price chart. This will give you a little insight.

 

[thisjobaintforeverybody]

Don't look at the short term. Look at decades down the road

I know.

 

[IVE GOTTA PACKAGE 4U]

I know.

It's hard when you have a six figure balance and it gets cut in half.

Just let it roll brother

 

[OrionsBitch]

If you want to be financially stable when your older, start with moving out if southern California

 

[Returntosender]

If you want to be financially stable when your older, start with moving out if southern California

Move to where?

 

[Rack em]

Move to where?

Northern California obviously!

 

[Jackburton]

If you want to be financially stable when your older, start with moving out if southern California

Move to where?

Florida, The Southern California

 

[brownmonster]

Nope—-too volatile.

The whole market is volatile with the child king in the White House.

 

[upschuck]

Move to where?

Anywhere.

 

[Returntosender]

Northern California obviously!

Lol Redding CALIFORNIA home base of Nevada junket casinos offers

 

[OrionsBitch]

Move to where?

Anywhere with a lower cost of living where 70-80k a year will buy you a nice house etc etc. Texas would be a good start. It's at least close.

 

[Brownslave688]

I'm young and don't have a whole lot of experience dealing with this stuff, but it is unsettling seeing my personal performance negative. Went from a good year of 21% to so far this year -0.84%. These cap stock funds need to step their up!

Maybe it's negative because everything is negative and it mirrors the overall market....

 

[Rack em]

Maybe it's negative because everything is negative and it mirrors the overall market....

I do not accept that answer and I will not be satisfied until I am in the positive again.

 

[IVE GOTTA PACKAGE 4U]

I do not accept that answer and I will not be satisfied until I am in the positive again.

Double down son.

Thank me next year

 

[Rack em]

Double down son.

Thank me next year

I already try to put as much as I can into it. Last month I was talking to recently retired driver and he told me his 401k made him 60k last year and hasn't touched it at all.

I can't wait to make 60k a year just on having money in my 401k!

 

[IVE GOTTA PACKAGE 4U]

I already try to put as much as I can into it. Last month I was talking to recently retired driver and he told me his 401k made him 60k last year and hasn't touched it at all.

I can't wait to make 60k a year just on having money in my 401k!

It can also go down by 60k...

 

[UpstateNYUPSer(Ret)]

I already try to put as much as I can into it. Last month I was talking to recently retired driver and he told me his 401k made him 60k last year and hasn't touched it at all.

I can't wait to make 60k a year just on having money in my 401k!

Think about that for a second. Your investments would have to earn on average $5K/month to make $60K/year. That is a pretty tall order.

 

[Brownslave688]

I do not accept that answer and I will not be satisfied until I am in the positive again.

Reaching for gains in an across the board down market will get you in trouble fast. You will not be positive every year. Just won't happen.

 

[Brownslave688]

I already try to put as much as I can into it. Last month I was talking to recently retired driver and he told me his 401k made him 60k last year and hasn't touched it at all.

I can't wait to make 60k a year just on having money in my 401k!

60k year honestly isn't very impressive. 20% gains is a few hundred thousand that's it.

 

[DriveInDriveOut]

Think about that for a second. Your investments would have to earn on average $5K/month to make $60K/year. That is a pretty tall order.

S&P returned like 18% last year.
The guy would only need about 350k in there to get a 60k gain in 2017.