NanciL
Bakersville, NC, USA
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Joined: 03/24/2003
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Ride it out, and don't even watch it.
You have not lost one single share. Keep that in mind.
You are evidently too young to remember the last big bust in the eighties.
I lost in dollar value just about half my totals. When it finally came back, the value came right back to what it was prior to the bust.
Unfortunately we are controlled by big business. Otherwise I would have every penny into US savings bonds, but naturally the Uncle won't allow that as a retirement device.
Jack L
Jack & Nanci
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MikeSmith
Houston, Republic of Texas
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Joined: 07/17/2004
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Head'n Out wrote:I took all of my 401K info to my financial advisor a couple of months ago. With being with Fidelity, I can move $$$ around whenever I want (online), so quite a bit of it got moved to international funds and "not so high risk" funds.
I would go see a financial advisor and get some advice.
I moved 50% of my 410K into international diversified funds, 30% into a money market {about 3% a year} and 20% into bonds, after talking to an adviser. I'm about ready to change my allocations back into the stock market, just in case it starts to rebound this year.
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wa8yxm
Wherever I happen to park
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Joined: 07/04/2006
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There have been many studies... Those who choose to "Play the market" and change funds generally wind up with around bank interest rates (Which is to say a kick in the pants) Those who park it and "let it ride" tend to do better.
That said. I visited Vangard's home page.. I was NOT impressed, they had like one find with a decent 10 year performance record.
Alas, I'm not securities licensed so there is not much more I can say.
Nothin adds excitment like something that is none of your business
John is Near Kenwood TS-2000 housed in a 2005 Damon Intruder 377
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Sea Dog
Ontario Can.
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Joined: 04/15/2001
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houtrz wrote:A little more info, I am 38 so I do have time to recover but I"m just wondering where I could have been I guess. Maybe it will turn around soon.
At 38, you are still teething.
Leave your money alone and worry not!
I would think you have at least twenty years before retirement.
No one has a clue what that period will bring.
If you are going to invest more into this market, look into index funds, the cost of carrying is much less than regular mutual funds.
No matter what the sales pitch says, after the MER is taken out, very few mutual funds can beat the market on the long term.
Also by the time you find your fund is an underachiever, you have lost several years growth.
Life is short,Death is long,
Take a vacation.
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sher9570
NY/Fl
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Joined: 07/15/2006
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My Dh is going to retire in Jan. so the first of this year we moved all of our funds into money market funds and bonds because we were so short term, we don't have 20 years to make up for what we knew was coming.
I am retired and I did this same thing with my Fidelity account last Oct., I don't like Oct. surprises so I got a jump on it.
Sher
Doug & Sher
2006 HR Presidential 34'
2001 Ford Excursion 7.3
Zachery the sassy Pomeranian
Lucy the Lab with "a very gentle soul"
Sofie Forever in our hearts
9/5-1996 to 9/22-2007 We miss you so.
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Kbix
Harrisonville, MO
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Joined: 03/28/2007
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For those who haven't looked at their 401K's maybe you are better off. June was a terrible month and for retiree's we just can't suffer large losses. We have always gained back funds when the market went down but we don't have the time to wait to watch it build back up. I think maybe the idea of bond funds and money market may be the course we will need to take. Can't afford another hit in July like last month.
Paul and Karen
New to us 93 Pace Arrow
01 Tracker Toad
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Matthew_B
The boonies near Dallas, Oregon
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Joined: 08/18/2005
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MikeSmith wrote:I moved 50% of my 410K into international diversified funds, 30% into a money market {about 3% a year} and 20% into bonds, after talking to an adviser. I'm about ready to change my allocations back into the stock market, just in case it starts to rebound this year.
I figured the dollar is at it's lowest right now and will likely go back up. If that happens, then international funds aren't as good a deal right now.
I had some in an Asia fund, and it did 6X over 5 years. The most recent gains mostly were due to the loss of the dollar. I sure wish I had put far more in when I did....
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narcodog
Georgia
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Joined: 04/02/2006
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For what it's worth, I spoke to my advisor on Tuesday and he said let it alone. I just retired in Jan. so I took some from the 457 and paid off some bills and my truck was paid for in May so no it is just a waiting game. As was stated previously now is the time to buy.
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Suzy Q Antiques
DEVORE CA
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Joined: 05/15/2003
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you have not lost unless you sell.you're young.at the end of last year we had 8-10 yrs.worth of living expenses we had to do something with and put it in cd's.won't keep up with infl. but won't need our portfolio for awhile.been retired 10 yrs.,you have plenty of time,as long as you're in good funds.
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Dick A
Spokane Valley
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Joined: 12/15/2002
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I have about 10% of my retirement funds in a 401K. However, I really don't think the stock market is going to stabilize anytime soon and quite frankly I don't think I will see much gain on my funds. At one time the market was based on true capitalization of a given company. That is no longer true and the price of any stock is just speculation - just as the oil futures market is just speculation.
The saving rate in the US is a negative figure so who is going to replace the money pulled from the market by retirees? When is the last time you really dug into all the fees, expenses, and sales commissions reported with these funds. The fund managers are getting rich by skimming commissions while the average Joe investor is getting fleeced. I have investments in American Funds through Edward Jones and everyone and his brother-in-law is getting some kind of a cut or kickback on my purchases and operating fees.
Unemployment is increasing, inflation and stagflation is on the rise faster than wages, the dollar is continuing to weaken, the credit markets are tapped out, and consumer confidence is at a historical low.
So, tell me why the stock market will not continue it's decline to at least 8500?
Talk about the watered stock days of the late twenties. Well today the market is so legally corrupt only the rich and connected are skimming the profits.
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