Looked at your 401k lately?

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QillerDaemon
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Re: Looked at your 401k lately?

#101

Post by QillerDaemon » Mon Mar 23, 2020 7:22 pm

B-Tender wrote:
Mon Mar 23, 2020 6:46 pm
Flumper wrote:
Mon Mar 23, 2020 4:51 pm
i would think of it like this. when this is over, it will rebound and within a short time (year or so) you should see around half of that money come back. Eventually, the rest will, but meanwhile, you will find that things are going to be cheaper and a lot of that will offset the difference.
Also as he gets within 4-5 years of planned retirement, more of the money should be in safer equities.
Fidelity wanted me to start ramping down when I turned 55. I figured, as long as the economy seems to running on overdrive, I'd keep my account in high gear and let it build up. I guess I'll have to do that any way now. Should I ramp it down now, you think? Or do I risk it sliding down even further if I leave it at a higher risk?
If you can't be a good example, you can still serve as a horrible warning.

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Wut
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Re: Looked at your 401k lately?

#102

Post by Wut » Mon Mar 23, 2020 7:36 pm

Antknot wrote:
Mon Mar 23, 2020 7:12 pm
My good fortune is pure dumb luck. My ex-employer decided to change who was handling their 401. Moving from Fidelity to who knows. Since I'm retired I got out of the employer and went to one of my own with Fidelity. This was just before the Covid drop off. I havent moved the cash in Fidelity to a mutual fund yet so the cash is sitting there.
I'm in the same position with a small fund I have. I left employment with a retirement account and it was put into an interest bearing account until I told them where to put it so I left it there.

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Flumper
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Re: Looked at your 401k lately?

#103

Post by Flumper » Mon Mar 23, 2020 7:36 pm

QillerDaemon wrote:
Mon Mar 23, 2020 7:22 pm
B-Tender wrote:
Mon Mar 23, 2020 6:46 pm
Flumper wrote:
Mon Mar 23, 2020 4:51 pm
i would think of it like this. when this is over, it will rebound and within a short time (year or so) you should see around half of that money come back. Eventually, the rest will, but meanwhile, you will find that things are going to be cheaper and a lot of that will offset the difference.
Also as he gets within 4-5 years of planned retirement, more of the money should be in safer equities.
Fidelity wanted me to start ramping down when I turned 55. I figured, as long as the economy seems to running on overdrive, I'd keep my account in high gear and let it build up. I guess I'll have to do that any way now. Should I ramp it down now, you think? Or do I risk it sliding down even further if I leave it at a higher risk?
you are finding yourself in the conundrum that has always been in place. when people are young and should be taking risks, they don't want to tie up their money in investments that they don't understand. so they get cd's if anything at all. when people get older and understand how markets work and money grows they want to be in the high risk/high reward investments to try to build as big of a nest as possible in a short period of time.

It's just the opposite of how it should be done.

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peterosehaircut
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Re: Looked at your 401k lately?

#104

Post by peterosehaircut » Mon Mar 23, 2020 7:40 pm

CaptQuint wrote:
Mon Mar 23, 2020 7:07 pm
(BTW I have a 10 and a half inch penis)
What's a 10?

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Wut
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Re: Looked at your 401k lately?

#105

Post by Wut » Mon Mar 23, 2020 7:46 pm

peterosehaircut wrote:
Mon Mar 23, 2020 7:40 pm
CaptQuint wrote:
Mon Mar 23, 2020 7:07 pm
(BTW I have a 10 and a half inch penis)
What's a 10?
:D

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CaptQuint
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Re: Looked at your 401k lately?

#106

Post by CaptQuint » Mon Mar 23, 2020 7:58 pm

:lol:
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."

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FreakShowFanatic
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Re: Looked at your 401k lately?

#107

Post by FreakShowFanatic » Mon Mar 23, 2020 8:11 pm

Wut wrote:
Mon Mar 23, 2020 7:46 pm
peterosehaircut wrote:
Mon Mar 23, 2020 7:40 pm
CaptQuint wrote:
Mon Mar 23, 2020 7:07 pm
(BTW I have a 10 and a half inch penis)
What's a 10?
:D
Image

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Reservoir Dog
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Re: Looked at your 401k lately?

#108

Post by Reservoir Dog » Tue Mar 24, 2020 11:12 pm

WestTexasCrude wrote:
Sat Mar 14, 2020 9:38 pm
I expect a huge surge Monday.
It dropped $2,997
WestTexasCrude wrote:
Sat Mar 14, 2020 10:07 pm
Fine. I'll leave it there. It's at 23,000/ highest ever was 29,000+. Watch the next only 5 days until next Friday. I'll get back to you then. Deal?
It closed at $19,173.98

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Stapes
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Re: Looked at your 401k lately?

#109

Post by Stapes » Wed Mar 25, 2020 12:15 am

Reservoir Dog wrote:
Tue Mar 24, 2020 11:12 pm
WestTexasCrude wrote:
Sat Mar 14, 2020 9:38 pm
I expect a huge surge Monday.
It dropped $2,997
WestTexasCrude wrote:
Sat Mar 14, 2020 10:07 pm
Fine. I'll leave it there. It's at 23,000/ highest ever was 29,000+. Watch the next only 5 days until next Friday. I'll get back to you then. Deal?
It closed at $19,173.98
Has he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafe
Not in the a.m. bro.

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FreakShowFanatic
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Re: Looked at your 401k lately?

#110

Post by FreakShowFanatic » Wed Mar 25, 2020 12:16 am

Stapes wrote:
Wed Mar 25, 2020 12:15 am
Reservoir Dog wrote:
Tue Mar 24, 2020 11:12 pm
WestTexasCrude wrote:
Sat Mar 14, 2020 9:38 pm
I expect a huge surge Monday.
It dropped $2,997
WestTexasCrude wrote:
Sat Mar 14, 2020 10:07 pm
Fine. I'll leave it there. It's at 23,000/ highest ever was 29,000+. Watch the next only 5 days until next Friday. I'll get back to you then. Deal?
It closed at $19,173.98
Has he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafe
Image

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Reservoir Dog
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Re: Looked at your 401k lately?

#111

Post by Reservoir Dog » Wed Mar 25, 2020 12:19 am

Stapes wrote:
Wed Mar 25, 2020 12:15 am
Reservoir Dog wrote:
Tue Mar 24, 2020 11:12 pm
WestTexasCrude wrote:
Sat Mar 14, 2020 9:38 pm
I expect a huge surge Monday.
It dropped $2,997
WestTexasCrude wrote:
Sat Mar 14, 2020 10:07 pm
Fine. I'll leave it there. It's at 23,000/ highest ever was 29,000+. Watch the next only 5 days until next Friday. I'll get back to you then. Deal?
It closed at $19,173.98
Has he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafe
Reading a WTC stock market prediction is like asking a homeless schizophrenic to predict the real estate market. :lol:

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CaptQuint
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Re: Looked at your 401k lately?

#112

Post by CaptQuint » Wed Mar 25, 2020 12:22 am

Reservoir Dog wrote:
Wed Mar 25, 2020 12:19 am
Stapes wrote:
Wed Mar 25, 2020 12:15 am
Reservoir Dog wrote:
Tue Mar 24, 2020 11:12 pm
WestTexasCrude wrote:
Sat Mar 14, 2020 9:38 pm
I expect a huge surge Monday.
It dropped $2,997
WestTexasCrude wrote:
Sat Mar 14, 2020 10:07 pm
Fine. I'll leave it there. It's at 23,000/ highest ever was 29,000+. Watch the next only 5 days until next Friday. I'll get back to you then. Deal?
It closed at $19,173.98
Has he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafe
Reading a WTC stock market prediction is like asking a homeless schizophrenic to predict the real estate market. :lol:
BUY! SELL! WHERE ARE MY PANTS? SQUIRRELS STOLE MY DAIQUIRI! WHO ARE YOU?
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."

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CHEEZY17
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Re: Looked at your 401k lately?

#113

Post by CHEEZY17 » Wed Mar 25, 2020 1:10 am

peterosehaircut wrote:
Mon Mar 23, 2020 7:40 pm
CaptQuint wrote:
Mon Mar 23, 2020 7:07 pm
(BTW I have a 10 and a half inch penis)
What's a 10?
That is high quality humor right there. :lol:
“The trouble with Socialism is that eventually you run out of other people’s money.”

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FreakShowFanatic
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Re: Looked at your 401k lately?

#114

Post by FreakShowFanatic » Wed Mar 25, 2020 1:16 am

My 401k is right where it's at when I locked it in when it was at an all time high. 8-)

I'm still not compelled to go back in the market even though I made a mint when it was hot.

Maybe Necro, Biker or Cheezy will tell me when it's best to reinvest. I know who knows something around here. 8-)


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FreakShowFanatic
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Re: Looked at your 401k lately?

#115

Post by FreakShowFanatic » Wed Mar 25, 2020 1:22 am

Right now I'm down with this dawg. 8-)

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WestTexasCrude
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Re: Looked at your 401k lately?

#116

Post by WestTexasCrude » Wed Mar 25, 2020 1:48 am

Reservoir Dog wrote:
Wed Mar 25, 2020 12:19 am
Stapes wrote:
Wed Mar 25, 2020 12:15 am
Reservoir Dog wrote:
Tue Mar 24, 2020 11:12 pm
WestTexasCrude wrote:
Sat Mar 14, 2020 9:38 pm
I expect a huge surge Monday.
It dropped $2,997
WestTexasCrude wrote:
Sat Mar 14, 2020 10:07 pm
Fine. I'll leave it there. It's at 23,000/ highest ever was 29,000+. Watch the next only 5 days until next Friday. I'll get back to you then. Deal?
It closed at $19,173.98
Has he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafe
Largest one day gain since the the 1930's. Watch and learn. This week left will be epic. Anyone have a clue why I'm talking to a Canadian about the US Stock market? I'm stumped.
Reading a WTC stock market prediction is like asking a homeless schizophrenic to predict the real estate market. :lol:
Middle of Frickin Nowhere

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WestTexasCrude
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Re: Looked at your 401k lately?

#117

Post by WestTexasCrude » Wed Mar 25, 2020 1:58 am

As opposed to a Canadian worrying over the US stock market. Just admit it, total cuck. We will allow you to exist economically until you piss us off. :lol: I've heard moose antlers moltings catch a prime price in China. Let the rush begin.
Middle of Frickin Nowhere

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CaptQuint
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Re: Looked at your 401k lately?

#118

Post by CaptQuint » Wed Mar 25, 2020 11:32 am

It's almost like the US stock market effects Canada ;)
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."

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Smok44
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Re: Looked at your 401k lately?

#119

Post by Smok44 » Wed Mar 25, 2020 11:40 am

WestTexasCrude wrote:
Wed Mar 25, 2020 1:58 am
As opposed to a Canadian worrying over the US stock market. Just admit it, total cuck. We will allow you to exist economically until you piss us off. :lol: I've heard moose antlers moltings catch a prime price in China. Let the rush begin.
You seem to comment and think you're end all, be all on everything outside of your ant hill, is this why you relate so strongly here?
WestTexasCrude wrote:
Fri Mar 27, 2020 2:49 am
Individual better be damn careful until this forum dies years from now. If I get even a hint of your actual name and location, no advanced warning when I show. We will not be talking.

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Stapes
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Re: Looked at your 401k lately?

#120

Post by Stapes » Wed Mar 25, 2020 2:56 pm

on a side note, about the same time as the stock markets were bottoming out I was getting ready to make a small overseas online purchase and the vendor only had bitcoin available for me to pay. I opened an account with Coinbase and dropped in 350.00 bucks. After the Covid-19 really started kicking in before I completed the sale the vendor temporarily suspended business....that was about 10 or so days ago. That 350 is now at 489. Not bad.....I just might let it hang out there and see what it does for shits and giggles
Not in the a.m. bro.

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