Looked at your 401k lately?

The forum for all things New Jersey! Maybe for those in Iraan TX. And boobs.
Post Reply
User avatar
QillerDaemon
Nobody, really.
Posts: 1278
Joined: Sun Jan 06, 2019 9:35 pm
Location: Beautiful downtown OrloVista FL
Interests: Playing Skyrim and picking my nose
Occupation: Router/Switch Jockey.

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.

User avatar
Wut
Denmarkian Citizen
Posts: 3175
Joined: Sun Jan 06, 2019 8:11 pm
Location: On a rock

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.
wut?

User avatar
Flumper
The Great Pretender
Posts: 5396
Joined: Mon Jan 21, 2019 11:18 pm

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.

User avatar
peterosehaircut
Forum God
Posts: 431
Joined: Mon Jan 07, 2019 4:30 pm

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?

User avatar
Wut
Denmarkian Citizen
Posts: 3175
Joined: Sun Jan 06, 2019 8:11 pm
Location: On a rock

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
wut?

User avatar
CaptQuint
UJR Military Attaché
Posts: 14623
Joined: Sun Jan 06, 2019 7:18 pm

Re: Looked at your 401k lately?

#106

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

:lol:
“I don't take responsibility at all” President Donald John Trump 03/13/2020

User avatar
FreakShowFanatic
Kim Noble With Nuts, think about it.
Posts: 5211
Joined: Sun Jan 06, 2019 11:17 pm

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

User avatar
Reservoir Dog
Nailed him back in HS
Posts: 4463
Joined: Mon Jan 07, 2019 4:32 pm
Location: Kicking and a' gouging in the mud and the blood and the beer.

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

User avatar
Stapes
Worlds Only Blue Collar Guy
Posts: 4514
Joined: Sun Jan 06, 2019 7:50 pm
Location: Port St Lucie former Dirty Jerzey

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.

User avatar
FreakShowFanatic
Kim Noble With Nuts, think about it.
Posts: 5211
Joined: Sun Jan 06, 2019 11:17 pm

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

User avatar
Reservoir Dog
Nailed him back in HS
Posts: 4463
Joined: Mon Jan 07, 2019 4:32 pm
Location: Kicking and a' gouging in the mud and the blood and the beer.

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:

User avatar
CaptQuint
UJR Military Attaché
Posts: 14623
Joined: Sun Jan 06, 2019 7:18 pm

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?
“I don't take responsibility at all” President Donald John Trump 03/13/2020

User avatar
CHEEZY17
Loves Him Some Ass
Posts: 3994
Joined: Mon Jan 07, 2019 8:25 pm

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:
"Hey fellas, have you you heard the news- you know that Annie's back in town?"

User avatar
FreakShowFanatic
Kim Noble With Nuts, think about it.
Posts: 5211
Joined: Sun Jan 06, 2019 11:17 pm

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-)


User avatar
FreakShowFanatic
Kim Noble With Nuts, think about it.
Posts: 5211
Joined: Sun Jan 06, 2019 11:17 pm

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-)

User avatar
WestTexasCrude
Weapons Grade Dumbfuckery
Posts: 5520
Joined: Wed Jan 09, 2019 10:42 pm

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

User avatar
WestTexasCrude
Weapons Grade Dumbfuckery
Posts: 5520
Joined: Wed Jan 09, 2019 10:42 pm

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

User avatar
CaptQuint
UJR Military Attaché
Posts: 14623
Joined: Sun Jan 06, 2019 7:18 pm

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 ;)
“I don't take responsibility at all” President Donald John Trump 03/13/2020

User avatar
Smok44
Loves him some FSF & WTC
Posts: 1883
Joined: Thu Apr 25, 2019 3:29 am

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?
Allen is a wrench

User avatar
Stapes
Worlds Only Blue Collar Guy
Posts: 4514
Joined: Sun Jan 06, 2019 7:50 pm
Location: Port St Lucie former Dirty Jerzey

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.

User avatar
FreakShowFanatic
Kim Noble With Nuts, think about it.
Posts: 5211
Joined: Sun Jan 06, 2019 11:17 pm

Re: Looked at your 401k lately?

#121

Post by FreakShowFanatic » Thu Apr 02, 2020 10:48 pm

Does anyone here have any opinion about Annuities? I have two Financial Advisors heavily recommending that I pull out of my 401k's & go that route. I'm starting to read up & learn more about it but I still have a ways to go. The problem I have with my Financial Advisors is that there seems to be a conflict of interest. Of course they want you to invest in things where they make the highest commission but that doesn't necessarily mean they're the best choice.

User avatar
CaptQuint
UJR Military Attaché
Posts: 14623
Joined: Sun Jan 06, 2019 7:18 pm

Re: Looked at your 401k lately?

#122

Post by CaptQuint » Thu Apr 02, 2020 10:53 pm

FreakShowFanatic wrote:
Tue Mar 10, 2020 9:18 pm
OK, like I explained just last week I pulled 90% of my investments out of the stock market and locked what I have in guaranteed funds. Even though I'm sure my investments aren't making shit now, at least they're not losing money. Sorry WTC but I had to follow my gut. My gut tells me that this bear market will keep up for the next several weeks, maybe when the warm weather comes we'll see the virtus get under better control. This is coming from a guy that went full in on the most aggressive stock plan for the past 12 years, & I made a boat load of money from that decision. :twisted:

Like I said, it will turn around in several weeks. I just don't want to see me take a big hit for being stupid like WTC. ;)

:jumpeveryone:
“I don't take responsibility at all” President Donald John Trump 03/13/2020

User avatar
FreakShowFanatic
Kim Noble With Nuts, think about it.
Posts: 5211
Joined: Sun Jan 06, 2019 11:17 pm

Re: Looked at your 401k lately?

#123

Post by FreakShowFanatic » Thu Apr 02, 2020 10:59 pm

CaptQuint wrote:
Thu Apr 02, 2020 10:53 pm
FreakShowFanatic wrote:
Tue Mar 10, 2020 9:18 pm
OK, like I explained just last week I pulled 90% of my investments out of the stock market and locked what I have in guaranteed funds. Even though I'm sure my investments aren't making shit now, at least they're not losing money. Sorry WTC but I had to follow my gut. My gut tells me that this bear market will keep up for the next several weeks, maybe when the warm weather comes we'll see the virtus get under better control. This is coming from a guy that went full in on the most aggressive stock plan for the past 12 years, & I made a boat load of money from that decision. :twisted:

Like I said, it will turn around in several weeks. I just don't want to see me take a big hit for being stupid like WTC. ;)

:jumpeveryone:
That's right. It was definitely a good move. What about annuities? Any thoughts (anyone else but Quint). I got it Quint, google it, but sometimes it's better to find objective opinions.

User avatar
CaptQuint
UJR Military Attaché
Posts: 14623
Joined: Sun Jan 06, 2019 7:18 pm

Re: Q

#124

Post by CaptQuint » Thu Apr 02, 2020 11:11 pm

FreakShowFanatic wrote:
Thu Apr 02, 2020 10:59 pm
CaptQuint wrote:
Thu Apr 02, 2020 10:53 pm
FreakShowFanatic wrote:
Tue Mar 10, 2020 9:18 pm
OK, like I explained just last week I pulled 90% of my investments out of the stock market and locked what I have in guaranteed funds. Even though I'm sure my investments aren't making shit now, at least they're not losing money. Sorry WTC but I had to follow my gut. My gut tells me that this bear market will keep up for the next several weeks, maybe when the warm weather comes we'll see the virtus get under better control. This is coming from a guy that went full in on the most aggressive stock plan for the past 12 years, & I made a boat load of money from that decision. :twisted:

Like I said, it will turn around in several weeks. I just don't want to see me take a big hit for being stupid like WTC. ;)

:jumpeveryone:
That's right. It was definitely a good move. What about annuities? Any thoughts (anyone else but Quint). I got it Quint, google it, but sometimes it's better to find objective opinions.
Isn't there a extremely intelligent business executive that makes $150,000 a year you could ask?
“I don't take responsibility at all” President Donald John Trump 03/13/2020

User avatar
HighNDry
Needs to step away from the keyboard.
Posts: 1639
Joined: Sun Jan 06, 2019 9:25 pm
Location: Definitely NOT in Ev's asshole

Re: Q

#125

Post by HighNDry » Thu Apr 02, 2020 11:19 pm

CaptQuint wrote:
Thu Apr 02, 2020 11:11 pm
FreakShowFanatic wrote:
Thu Apr 02, 2020 10:59 pm
CaptQuint wrote:
Thu Apr 02, 2020 10:53 pm
FreakShowFanatic wrote:
Tue Mar 10, 2020 9:18 pm
OK, like I explained just last week I pulled 90% of my investments out of the stock market and locked what I have in guaranteed funds. Even though I'm sure my investments aren't making shit now, at least they're not losing money. Sorry WTC but I had to follow my gut. My gut tells me that this bear market will keep up for the next several weeks, maybe when the warm weather comes we'll see the virtus get under better control. This is coming from a guy that went full in on the most aggressive stock plan for the past 12 years, & I made a boat load of money from that decision. :twisted:

Like I said, it will turn around in several weeks. I just don't want to see me take a big hit for being stupid like WTC. ;)

:jumpeveryone:
That's right. It was definitely a good move. What about annuities? Any thoughts (anyone else but Quint). I got it Quint, google it, but sometimes it's better to find objective opinions.
Isn't there a extremely intelligent business executive that makes $150,000 a year you could ask?
Image
Rice is great if you're really hungry and want to eat two thousand of something.
-Mitch Hedberg

Post Reply