Just remember the higher the returns, the more risk usually. Markets don't always go up.
If you have the time to watch it you can usually hedge your accounts or transfer them to bond funds before the market downslide.....but you have to watch it close....
You better be watching close this coming year - interest rates are liable to start creeping up and when they do this market bubble is gonna bust.
True that. The good thing is they didn't change the federal funds rate this past week... Stocks went a booming as a result...
Before you embark on a journey of revenge, dig two graves...
I rolled my 401k over to an IRA which I invest in real estate. The stock market is sitting on a bubble and the real estate bubble has already burst. So I decided to get out of the stock market while it was up, and invest in the real estate market while it was down. I control these investments just like I do when investing in real estate outside my IRA. Working pretty good so far.
Last edited by westflgator; 12/22/1407:48 AM.
The great outdoors, where memories are made and God is praised!
Most everyone allocated to equity funds inside of their 401(k) or other qualified retirement plans, should have seen significant gains over the past year. If any of you are at or near retirement and are still heavily allocated in equities, you may want to look at re-allocating to a more conservative approach. Considering the inflated market and volatility, one would think that a down turn is more than likely eminent. If close to retirement, you may not have time to bounce back from any significant losses such as the ones that took place in 2002 & 2008. May be a good time to look at what you have, why you are invested the way you are and what might need to be changed in order to preserve what you have accumulated.
The key to a solid investing strategy is to buy when I sell and sell when I buy. You will probably see returns of at least 50% if you follow this advice.
When I was 20something I had most of mine in very aggressive investments. I lost my butt and the pants on it in 99.
We are going to see a market crash in the next year that is going to make 99 look like a small speed bump.
I don't know when it's coming but it is coming. The economy is not strong enough for the market to be as high as it is. The market is inflated by some outside influences. I'm afraid it's overseas influences
If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land. 2 Chronicles 7:14
When I was 20something I had most of mine in very aggressive investments. I lost my butt and the pants on it in 99.
We are going to see a market crash in the next year that is going to make 99 look like a small speed bump.
I don't know when it's coming but it is coming. The economy is not strong enough for the market to be as high as it is. The market is inflated by some outside influences. I'm afraid it's overseas influences
Our own corrupt government is propping it up. I figure that will stop right before the 2016 elections.
"Political debate: when charlatans come together to discuss their principles" - Bauvard
For some of those on here reporting these very large percentages, you must be a seasoned, full-time trader.
I work in the financial field, and I can tell you that you either got blindly lucky, and it's going to fall back to earth pretty soon, or else you need to make a career change to day-trading (you can become a filthy rich person).
But I'll tell you something I've learned from 14 years in the financial field: EVERYBODY lies about their money. For example, all my friends say they get $10,000 tax returns too, which absolutely blows my mind. Heck, if I have to pay less than $10,000 I consider it a windfall!!
We were on the edge of Eternia, when the power of Greyskull began to take hold.
I keep a lot of my money in southern co. has paid a dividend for something like 50 years running, has raised dividend every year for something like last 15 years and I can't find that they have ever cut their dividend rate. Currently is paying about 4.5%. All that said I like to watch for new highs on it, when it hits a new high I will sell a bunch of it and when it pulls back a dollar or two I buy it back, hence winding up with more shares. I did this a couple of weeks ago and wound up ABOUT $6,000.00 ahead in 1 week. This past Friday I sold 10,000 shares at $49.02, a new high at the time, now I will just wait until it drops some and buy it back. This is how I have always done it and it has enabled me to retire at 55 yrs old very comfortably. It is a very cyclical stock if you look at a graph of it for 5 or 10 year time period.
18.87%. I just invest it all in the company stock.
A bunch of us was heavily invested in company stock back in the day (mid to late 90's) We had some guys with over 2 million in their 401k (not me I was a small fish) but when it crashed most of us lost our rear ends. Sad part is that some of those guys retired and left their money in our company stocks, which crashed with the market to never rebound. There again I say roll as much of your 401k as possible into a self directed IRA and buy up cheap real estate. Why buy at the top of the stock market when you can buy at the bottom of the real estate market. If you would like to know more about how to invest in real estate within your IRA (IRA owns it) PM me and I will be glad to explain further.
The great outdoors, where memories are made and God is praised!
For some of those on here reporting these very large percentages, you must be a seasoned, full-time trader.
I work in the financial field, and I can tell you that you either got blindly lucky, and it's going to fall back to earth pretty soon, or else you need to make a career change to day-trading (you can become a filthy rich person).
But I'll tell you something I've learned from 14 years in the financial field: EVERYBODY lies about their money. For example, all my friends say they get $10,000 tax returns too, which absolutely blows my mind. Heck, if I have to pay less than $10,000 I consider it a windfall!!
$7500 is the most I have ever gotten back so far. We refied the house from a 30 year to a 15 year at something under 2.5% this last year so I am sure the return ain't going to be so great not paying all the I terest we have in the past. We put our retun into college funds for the kids anyways so we never see it. As for 401k mine is all in fidelity, 80% real estate, 20 contrafund. I wished I had a million in it.
Some men are mere hunters; others are turkey hunters. —Archibald Rutledge—
I've had some eye opening financial education lately. I'm no expert, but some of what I've learned I'm gonna share with you guys.
I've always been like many of the posters on here. I didn't understand it, so it was better for me to let someone else manage my accounts. Sounds like good advice.
But wait.
Can any of you quickly recall what your fees are to have your accounts managed? Is it 1%? 2%? What exactly are you paying? Those percentages don't sound like much do they?
Anyway, so I didn't take the information I was receiving for a fact. I ran my own numbers. I kept it simple and kept to nice round numbers to see what my results were.
I invested my fictional $10,000.00 insurance payoff at the age of 24 in a 401K that advertised they had averaged 6% growth over the last two decades. I didn't put another dime in that account.
I figured 6% growth on $10k over 36 years and retired at a spry age of 60. These numbers are with ZERO fees, meaning I managed my account myself. When I turned 60 years old this account is worth $81,472.52 and represents a very decent growth on my money.
Now, I figured this same information but decided to let someone else manage my money for me. I couldn't be hassled with dealing with it. This company charged me a 1% fee on my money over the same period of time. When I turned 60 years old this account is worth $57,918.16. WHAT? 1% cost me $23,554.36 in profits.
One last time. I figured this same information but decided to let someone else manage my money for me. I couldn't be hassled with dealing with it. This company charged me a 2% fee on my money over the same period of time. When I turned 60 years old this account is worth $41,039.33. 2% cost me $40,433.19 in profits.
Those numbers are with a simple fee and no other charges they may make.
Don't believe it? Run them yourself, it's not hard. Again, I'm no expert. I'm just like the rest of you, I'm just starting to wake up to what is going on.
I'd encourage you to watch these videos. One is long, but it's also one of the most prominent financial minds of our time talking, so I pay attention.
The bottom line is this guys. Educate yourself and learn to shelter your money and keep your fees in your own pockets.
I had my own reasons for no longer investing in these type accounts. I started looking and realized how stupid I was about money. How I thought about it, spent it, saved it, invested it. I'm learning and will attempt to leave a legacy of knowledge for my son for his future.
Your government doesn't want you to know these things. Your schools don't either. They have made a habit of teaching you how to dissect a frog but not how money actually works. My son is in a finance course at one of the best high schools this state has to offer. They were told to pick up a paper and choose a stock and invest $x fictional dollars and keep up with it.
I asked him how he was taught what to invest in. Nothing. Just told to randomly pick. No research, no company investigation, no history, nothing. Just pick. That's your school economics and finance courses at work and we wonder why there is so much debt and so little money intelligence.
The disservice we are doing to our children is a tragedy. I'm done being a victim to it and won't allow my family to be victims to it any longer.
Sorry for the rant. I'm a bit passionate about the subject right now.
Character is not developed in moments of temptation and trial. That is when it is intended to be used.