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Post by ywevis on Dec 30, 2014 16:33:26 GMT -5
I like to keep on top of my invested money in my 401k, does anyone else do this?
I know ya all 60+ guys are getting that fat ss check..
I used to be in a different 401k, where they let me choose my stocks that I wished to invest in with my 401k. Now I am in a company that only gives you 10 options to hold it in, which I think sucks.
I wonder if I can move my 401k into a different branch / 401k to hold my money during employment. My rate of return when i self managed it, i was getting 20% increase off my invested 401k.
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Post by indyme2 on Dec 30, 2014 17:46:28 GMT -5
July-Sept. quarter, I actually lost money. Paid in X and got -X. Most times I gain a little but never anything close to 20%. Thought about pulling it out and giving it to an investor but my employer kicks in too so I guess I'll ride it out for a while and see what happens.
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Post by ywevis on Dec 30, 2014 18:20:55 GMT -5
Actually you should have your own money and the money from your employer in a separate account. So if your able to invest in the account your in and giving it to an investor it will be worth while. Just check your 401k and see. I just moved mine into this.. www.russell.com/indexes/americas/indexes/fact-sheet.page?ic=US1001I am trying to find one that invests heavily into energy stocks, when the oil bottoms out, and begins to climb, I would move all to oil. it will go back up to 120 a barrel and you can ride out the happy train while it rises. Remember when the banks were crashing? I told my dad to buy 1000 stocks from citibank, they were 4 dollars a share. Now it's back to Citigroup Inc. (C) -NYSE 54.84 so basically whenever he sells it he will make 50 dollars per share x 1000 which is a 50k profit.. |
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Post by kruzman on Dec 31, 2014 11:29:19 GMT -5
I do. I took a pretty bad hit when the market crashed, but I rearranged into hard hit but undervalued areas such as real-estate and its well beyond what was in it before. once in a while when something looks like its in a peak, I cash out 2/3s of that then sit around till it takes a dip and reinvest it back in again.
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Post by ywevis on Dec 31, 2014 12:48:12 GMT -5
When the economy crashed I had all my stuff in bonds, to stay away from the crash. I didn't lose anything, I was steadily gaining 4% during that crisis. I knew people at work that lost 70-120k in investments by not managing their own 401k. It's your money and you have the right to educate yourself about where you should have it placed.
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