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Old 10-14-2009, 12:55 PM   #1
Victor Sinclair
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Default The 401K Fallout

Some of us might be working for the rest of our lives....

http://www.cbsnews.com/video/watch/?id=4955194n
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Old 10-14-2009, 12:57 PM   #2
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Default Re: The 401K Fallout

incredibly old news
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Old 10-14-2009, 12:57 PM   #3
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Default Re: The 401K Fallout

Mine is recovering quite a bit.
Still down overall but I see it as money I never really had, funds not realized.
I still have 9 and a half years before I can dream of touching it so lots of hope it will return and then some.
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Old 10-14-2009, 01:04 PM   #4
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Default Re: The 401K Fallout

Old news to some, but I felt the need to spread the link since it was spread to me.
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Old 10-14-2009, 01:07 PM   #5
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Default Re: The 401K Fallout

My Roth IRA is starting to come back around finally.
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Old 10-14-2009, 01:16 PM   #6
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Default Re: The 401K Fallout

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Originally Posted by elderboy02 View Post
My Roth IRA is starting to come back around finally.
Glad to hear that, my fathers took a big hit and has also seen a slight turn around.
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Old 10-14-2009, 01:19 PM   #7
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Default Re: The 401K Fallout

I will have to work till they plant me.

That's ok, I watched my grandfather and father do it so I know it's in me .
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Old 10-14-2009, 01:21 PM   #8
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Default Re: The 401K Fallout

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My Roth IRA is starting to come back around finally.
Mine is about even with my contributions.
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Old 10-14-2009, 01:23 PM   #9
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Default Re: The 401K Fallout

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Mine is about even with my contributions.
Yeah, that is what I meant.

I am only 25 so I really don't have to worry about it for a while.
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Old 10-14-2009, 01:24 PM   #10
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Default Re: The 401K Fallout

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Originally Posted by elderboy02 View Post
Yeah, that is what I meant.

I am only 25 so I really don't have to worry about it for a while.
Nope.
Long term for you for sure.
Jump on it more than ever now.
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Old 10-14-2009, 01:57 PM   #11
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Default Re: The 401K Fallout

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Old news to some, but I felt the need to spread the link since it was spread to me.
I hadn't seen this spot so thank you. Yes, it might seem old to some but to those that it will affect for the rest of our lives it's a daily thing.
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Old 10-14-2009, 02:05 PM   #12
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Default Re: The 401K Fallout

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Nope.
Long term for you for sure.
Jump on it more than ever now.
Sorry, I meant that I wasn't stressing when it dropped significantly because I know that it would eventually come back.

I have been putting in more money especially back in the Spring when everything was so cheap.
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Old 10-14-2009, 03:24 PM   #13
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Default 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.
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Old 10-14-2009, 09:22 PM   #14
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Default Re: The 401K Fallout

Mine has bounced back nicely. Hopefully there will be calmer waters ahead.
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Old 10-15-2009, 05:02 PM   #15
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Default Re: The 401K Fallout

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Originally Posted by ahc4353 View Post
I will have to work till they plant me.

That's ok, I watched my grandfather and father do it so I know it's in me .
Isn't that what a man's life is supposed to be? Sitting in a tub watching the sunset is for Cialis commercials, and real men don't do that.
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Old 10-15-2009, 08:04 PM   #16
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Default Re: The 401K Fallout

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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.
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Old 10-16-2009, 01:00 AM   #17
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Default 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)
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Old 10-16-2009, 09:33 AM   #18
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Default Re: The 401K Fallout

Quote:
Originally Posted by Victor Sinclair View Post
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.
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Old 10-16-2009, 10:48 AM   #19
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Default Re: The 401K Fallout

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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.
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Old 10-16-2009, 10:52 AM   #20
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Default 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.
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