Re: Looked at your 401k lately?
Posted: Mon Mar 23, 2020 7:06 pm
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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?B-Tender wrote: ↑Mon Mar 23, 2020 6:46 pmAlso as he gets within 4-5 years of planned retirement, more of the money should be in safer equities.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.
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.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.
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.QillerDaemon wrote: ↑Mon Mar 23, 2020 7:22 pmFidelity 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?B-Tender wrote: ↑Mon Mar 23, 2020 6:46 pmAlso as he gets within 4-5 years of planned retirement, more of the money should be in safer equities.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.
It dropped $2,997
It closed at $19,173.98WestTexasCrude 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?
Has he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafeReservoir Dog wrote: ↑Tue Mar 24, 2020 11:12 pmIt dropped $2,997
It closed at $19,173.98WestTexasCrude 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?
Stapes wrote: ↑Wed Mar 25, 2020 12:15 amHas he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafeReservoir Dog wrote: ↑Tue Mar 24, 2020 11:12 pmIt dropped $2,997
It closed at $19,173.98WestTexasCrude 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?
Reading a WTC stock market prediction is like asking a homeless schizophrenic to predict the real estate market.Stapes wrote: ↑Wed Mar 25, 2020 12:15 amHas he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafeReservoir Dog wrote: ↑Tue Mar 24, 2020 11:12 pmIt dropped $2,997
It closed at $19,173.98WestTexasCrude 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?
BUY! SELL! WHERE ARE MY PANTS? SQUIRRELS STOLE MY DAIQUIRI! WHO ARE YOU?Reservoir Dog wrote: ↑Wed Mar 25, 2020 12:19 amReading a WTC stock market prediction is like asking a homeless schizophrenic to predict the real estate market.Stapes wrote: ↑Wed Mar 25, 2020 12:15 amHas he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafeReservoir Dog wrote: ↑Tue Mar 24, 2020 11:12 pmIt dropped $2,997
It closed at $19,173.98WestTexasCrude 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?![]()
That is high quality humor right there.
Reservoir Dog wrote: ↑Wed Mar 25, 2020 12:19 amLargest 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.Stapes wrote: ↑Wed Mar 25, 2020 12:15 amHas he ever been right about anything? he thinks the coronavirus is over cuz he saw a couple people at the cafeReservoir Dog wrote: ↑Tue Mar 24, 2020 11:12 pmIt dropped $2,997
It closed at $19,173.98WestTexasCrude 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?
Reading a WTC stock market prediction is like asking a homeless schizophrenic to predict the real estate market.![]()