I'm not even going to look at my 401k because it'll just make me sad and I'm 30 years away from retirement anyway.
2018 Stock Prediction
- Thread starter dmclone
- Start date
You had to know that the crazy increases weren't real or sustainable. Not that fast, as the underlying fundamentals weren't improving at that rate.
I'm going to take a wild guess that the percentage loss you're seeing in your 401k is actually from last week? I would be surprised if your 401k shows real time losses.
Cashed in 20% of the kids' college investments I had last Wednesday. Today made me feel better about that.
Sorry, not 401k, IRA. I read in a previous post someone talking about their 401k, got it stuck in my head.
SPXS baby. I’ve been buying that thing all the way up since SP500 at like 1800.
Both of mine show daily changes. One with Fidelity and the other with Wells Fargo.
on the plus side everyone, we are at december 2017 levels. put in perspective that's still really awesome.
i cashed in 10% of my gains today. yeah, i lost 3-5% more than i could have if i cashed out two weeks ago, but it's still profit. i'll wait for another 10% dip to buy back in with the money.
i cashed in 10% of my gains today. yeah, i lost 3-5% more than i could have if i cashed out two weeks ago, but it's still profit. i'll wait for another 10% dip to buy back in with the money.
Why would you ever put that much of your 401k into a single stock? Please tell me you have heard of Enron, I don't care how stable you think a company may be and think it's too big to fail and I know 1 person who did work for Enron who lost a lot of his retirement because of that. Just seems like a lot of risk to put that much of your retirement into a single stock.
My investment advisor will give me 401k advice as part of the services I pay for them to manage the funds I have with them even though they don't administrate my 401k. Best advice they gave me was never to put any more than 5-10% of your 401k in a single stock and make sure you diversify across multiple larger funds so you eliminate the impact of a single stock or fund sinking your retirement. I've got mine spread out over multiple domestic stock funds and international fund. They'll still take a hit when the markets are down but its not nearly as bad as if you were heavy into 1 company that potentially could go straight into the tank at a higher clip than a fund made up of many different stocks.
My 401k dropped 3% since Friday but my index fund IRA is holding steady. On the plus side, my mortgage isn't showing up in Mint so I think that's a win
Agree with your advice, just here to add some good news. The 10% drop today only lost a few week's worth of gains AND it's still at near an all-time high.
I have 2 retirement accounts; a Roth IRA that I manage and a 401k that my work manages. My Roth IRA is a mix between two target-retirement date funds and the 401k is the same two funds. It's boring but it seems to be working.
Oh, yes. I see what you were saying in your prior post now. My mistake. When you said "from last week" you meant "Friday's close" where I read it as you saying it only posted weekly changes.
I'm a long term investor so I'm in no panic mode. I've got nearly 30 years left to work so I'm sure a lot will happen to the markets over that time. Just know of too many people that like to drink their company koolaid and put too much faith in the stock with their 401k. Being nearly 40% into a single stock in your retirement fund is riding a lot of risk IMO.
