The 401K Fallout

BigFrank · 10-14-2009, 02:24 PM

Ive just started getting money put away, I don't know if this is bad or good. Hopefully buying stuff cheap now, will be nice in a few years.

10-15-2009, 07:04 PM

Quote:

Originally Posted by BigFrank

Ive just started getting money put away, I don't know if this is bad or good. Hopefully buying stuff cheap now, will be nice in a few years.

Be cautious as to your contribution amounts for now. If you dont see any gains, minimize your losses.

10-16-2009, 12:00 AM

Ours are recovering quite nicely. I was lucky though. For 2 years before the crash, I was heavily weighted in the Asian markets and was making a killing. When there were signs of a collapse over there (6 months before ours) I dumped it all back into more conservative stuff. I still took a hit like everyone else, but it was a nice ride up when I had it and it helped cushion the blow. Just checked the statement and the YTD on the big one is 27.12 and the overall year to date rate of return (entire portfolio) is 26.79%.

Chas

If interested its (the big one) MassMutual Select Large Cap Value S (MLVSX)

cbsmokin · 10-16-2009, 08:33 AM

Quote:

Originally Posted by Victor Sinclair

Be cautious as to your contribution amounts for now. If you dont see any gains, minimize your losses.

Depends on your matching, age, and risk tolerance.

I am maxed out and gobbling up shares. It will pay off in 20, 30, maybe even 40 years.

N2Advnture · 10-16-2009, 09:48 AM

Quote:

Originally Posted by cbsmokin

Depends on your matching, age, and risk tolerance.

I am maxed out and gobbling up shares. It will pay off in 20, 30, maybe even 40 years.

I agree. Buy when it's down, reward seen on the back end.

I reallocated in April/May and it's paid off nicely so far.

rack04 · 10-16-2009, 09:52 AM

I recently took out a loan on my 401K. One of the disadvantages of doing this is that the money I borrowed from my 401K isn't earning any money on the market. In the current market I figured that the interest that I'm paying myself is more than the money was earning in the market.

floydpink · 10-16-2009, 10:34 AM

Very interesting article on 401k's in the current TIME magazine. Well worth picking up.

10-16-2009, 08:56 PM

Quote:

Originally Posted by floydpink

Very interesting article on 401k's in the current TIME magazine. Well worth picking up.

Thanks

10-14-2009, 02:24 PM	#1
BigFrank 5 3 1 Join Date: Nov 2008 First Name: Frank Location: Gym or Sofa. Posts: 1,896 Trading: (25)	Re: The 401K Fallout Ive just started getting money put away, I don't know if this is bad or good. Hopefully buying stuff cheap now, will be nice in a few years. __________________ " Hope is the first step on the road to disappointment. "

10-16-2009, 12:00 AM	#3
ChasDen Guest Posts: n/a	Re: The 401K Fallout Ours are recovering quite nicely. I was lucky though. For 2 years before the crash, I was heavily weighted in the Asian markets and was making a killing. When there were signs of a collapse over there (6 months before ours) I dumped it all back into more conservative stuff. I still took a hit like everyone else, but it was a nice ride up when I had it and it helped cushion the blow. Just checked the statement and the YTD on the big one is 27.12 and the overall year to date rate of return (entire portfolio) is 26.79%. Chas If interested its (the big one) MassMutual Select Large Cap Value S (MLVSX)

10-16-2009, 09:52 AM	#6
rack04 Lebowski Urban Achiever Join Date: Oct 2008 First Name: Justin Location: Dallas, TX Posts: 1,023 Trading: (20)	Re: The 401K Fallout I recently took out a loan on my 401K. One of the disadvantages of doing this is that the money I borrowed from my 401K isn't earning any money on the market. In the current market I figured that the interest that I'm paying myself is more than the money was earning in the market. __________________ "Why don't you put them in your secret compartment" - 12stones (Ricky)

10-16-2009, 10:34 AM	#7
floydpink crazy diamond Join Date: Oct 2008 First Name: Pete Location: Orlando Posts: 1,955 Trading: (17)	Re: The 401K Fallout Very interesting article on 401k's in the current TIME magazine. Well worth picking up. __________________ "If we weren't all crazy we would go insane"

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