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Anybody else with a 401K? (pg. 2)
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| HotDogWater |
yep, lately i just try not to look at the balance. :p
increased by a couple % to take advantage of the lower prices. |
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| bigsnail |
| quote: | Originally posted by Trancelover24
All Bonds?? No way you would not loose any money if its invested in the stock.. |
honestly, i'd have to look. when i set my account up i didnt choose any bonds that i remember....mostly mid-cap type funds. my paychecks show how much has gone into my account and how much they match blah blah blah...and that has been sitting there, not doing much of anything. i guess thats better than losing $$$ though. |
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| xenpro |
| quote: | Originally posted by djjoshuaallen
to stop contributing is to accept your loss.
unless you are going to retire in the next 5-10 years that is not a smart thing to do. Unit values are dropping, i raised my contributions to get more at a lower price. Im only 26 so by the time i retire this economic scare will have already occurred probably more then once more. |
Josh .. this is one of very few times when I agree with you (non-music related topics) ... I did the same I raised my contribution to 20% |
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| bigperf |
in reality no one "lost" anything...remember the stocks price is just what someone feels is the value of it. same with these homes, if you thought a 3 bedroom home in say modesto was worth 500,000 and you bought it, well you overpaid and you are finding out right now.
for all of you males in your 20's-30's
think baseball cards, same thing.
each month Becket(pricing guide) said Ken Griffey #1 upper deck 1988 was worth X amount of dollars....
whats it worth now?
who determines whats worth what? if the crappiest player in the game is my father, that card will be worth MORE to me than griffeys. |
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| gehzumteufel |
| As Josh has mentioned, do NOT stop contributing. I just read a big thing about this. Basically, you only need to worry if you need money in the next 5 years. If not, then keep contributing. Do not lower your contribution either. As mentioned, you can get MORE for the same contributions, and therefore will have more in the long haul. |
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| djjoshuaallen |
| apparently everybody here hates my politics, but trusts my financial advice:D |
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| |Thrax| |
I took a %32 loss but all my funds are up today....
I have a long time till I retire. |
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| xenpro |
| quote: | Originally posted by djjoshuaallen
apparently everybody here hates my politics, but trusts my financial advice:D |
We can be social liberals and fiscal conservatives at the same time |
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| bigperf |
+100%!!!
here is what everyone needs to know
contribute the MOST when prices are low
contribute the LEAST when prices are up
pull money out BEFORE the market goes DOWN
put money IN BEFORE the market goes UP.
its that easy! :gsmile: :gsmile: :gsmile: :gsmile:
| quote: | Originally posted by xenpro
We can be social liberals and fiscal conservatives at the same time |
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| djjoshuaallen |
| quote: | Originally posted by xenpro
We can be social liberals and fiscal conservatives at the same time |
you nailed it, my stance exactly!
Your views dont seem to be fiscally conservative from what i have encountered in your recent posts though... |
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| mattW |
This is what the richest man in the world has to say:
__________________
October 17, 2008
Op-Ed Contributor
Buy American. I Am.
By WARREN E. BUFFETT
Omaha
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So ... I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
Why?
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.
A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.
Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.
Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”
I don’t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I’ll follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.” Today my money and my mouth both say equities.
Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company.
http://www.nytimes.com/2008/10/17/opinion/17buffett.html?ref=opinion |
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| hit_d_bong |
This is where I'm going in the next few years man. Some of the other islands are really really nice. whew! i can spend the rest of my life in this kind of place.
| quote: | Originally posted by Dj Blurr
Well, if you guys loose out, you can all come live with me in my mansion my father built for my moms in Philippines. After my father lost some of his 401k back then, and when he pulled outta the US in 2001, he liquidated everything and put all his assets into a house out there. Luckily a pension from the air force his retirement from the service is still there.
From the photos my dads sent, the front of our yard looks similar to the set of the movie The Beach. Makes an awsome vacation spot too!
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Too bad i have a contractual job so, no 401K for me. I just invested in some basic commodity based business and that's all that i can hope for until i come up with a better business idea. start small, think big, right? |
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