my 401(k) is getting obliterated

blueedwards · Jun 19, 2006

:nopityA: :smoking: :drink: :nohead:

stupid market.

Mason · Jun 19, 2006

It's been brutal. I am in deep with precious metals and mining. Long.

stef · Jun 19, 2006

This is small losses. Go back to when the tech stocks were going nuts and the Nasdaq was over 5000, ALOT of people were heavy into these stocks (myself included). Took a beating on that pull-back.

TTinCO · Jun 19, 2006

I'm scared to look......don't even want to know.

Wrigley · Jun 19, 2006

Check this stock pick out by Desi we all could of made a quick $$$$$$$$

http://forum.therx.com/showthread.php?p=2964315#post2964315

Dante · Jun 19, 2006

mine is doing Quite well it is up overall this year but a pretty good amount

I have it broken down like this

Individual Funds:
G Fund Government Securities 17.57%
F Fund Fixed Income Index 46.37%
C Fund Common Stock Index 9.87%
S Fund Small Cap Stock Index 15.25%
I Fund International Stock Index 10.94%

blueedwards · Jun 19, 2006

stef said:
This is small losses. Go back to when the tech stocks were going nuts and the Nasdaq was over 5000, ALOT of people were heavy into these stocks (myself included). Took a beating on that pull-back.

hey, you're preaching to the choir. i lost my ass between 2000 and 2002...i mean over 40% of my retirement balances gone. then, i built it all back up over the last 4 years only to see it get traumatized by about 15% in just the last month.

brutal.

GreenDoberman · Jun 19, 2006

No worries, just another dip in the market.
I have been fortunate enough that my own personal portfolio has done very well and even with the slight dip lately is up significantly.
I strongly believe in the Peter Lynch theory of buying stocks you know and products you believe in. About the only time I lose money is taking a flyer on some tech company that I couldn't explain.

WildBill · Jun 19, 2006

Why you watching it if you can't stomach it? Best rule with 401k and any money you won't be using for a decade is to not even bother to check on it more than once a year. Do a once a year rebalance at some odd time, middle of the 2nd or 3rd quarter, and then tell your funds you will see them next year. Simple and easy and lets you sleep at night. Unless you are a market junkie or a trader you shouldn't be following the market much.

Fishhead · Jun 19, 2006

What has the DOW done the past four years?

Dante · Jun 19, 2006

WildBill said:
Why you watching it if you can't stomach it? Best rule with 401k and any money you won't be using for a decade is to not even bother to check on it more than once a year. Do a once a year rebalance at some odd time, middle of the 2nd or 3rd quarter, and then tell your funds you will see them next year. Simple and easy and lets you sleep at night. Unless you are a market junkie or a trader you shouldn't be following the market much.

good advise...it takes 10-20 yrs to make alot of money in them you do not even want to touch it for at least 10 yrs anyway

Illini · Jun 20, 2006

Dante said:
mine is doing Quite well it is up overall this year but a pretty good amount

I have it broken down like this

Individual Funds:
G Fund Government Securities 17.57%
F Fund Fixed Income Index 46.37%
C Fund Common Stock Index 9.87%
S Fund Small Cap Stock Index 15.25%
I Fund International Stock Index 10.94%

Dante, you are going to cost yourself a ton of money at retirement by being so conservative now. Two-thirds of your money in govt securities and fixed income? Who advised you to do that?

WVU · Jun 20, 2006

Dante is risk intolerant.

Illini · Jun 20, 2006

blue edwards said:
:nopityA: :smoking: :drink: :nohead:

stupid market.

No worries. You still have 20-30 years until retirement. When the market goes down, the new money going in each paycheck is buying more shares at a discounted price.

Dawoofdaddy · Jun 20, 2006

Fishhead said:
What has the DOW done the past four years?

Most 401k are correlated to the S/P 500 & Nasdaq, not the Dow Jones.

Blue Ed, what is the sector focus of your 401k or is it tied to a particular index?

LineTamer+ · Jun 20, 2006

Dante said:
mine is doing Quite well it is up overall this year but a pretty good amount

I have it broken down like this

Individual Funds:
G Fund Government Securities 17.57%
F Fund Fixed Income Index 46.37%
C Fund Common Stock Index 9.87%
S Fund Small Cap Stock Index 15.25%
I Fund International Stock Index 10.94%

Looks like somebody works for the gov't possibly?
Both the G and F fund are down for the year aren't they?
Over 60% in fixed income is very conservative especially if you have more than 10 yrs till retirement.

LineTamer+ · Jun 20, 2006

DAWOOFDADDY said:
Most 401k are correlated to the S/P 500 & Nasdaq, not the Dow Jones.

Blue Ed, what is the sector focus of your 401k or is it tied to a particular index?

Dawooo....are you still high on your silver stocks picks i seen on here a few months back?

stef · Jun 20, 2006

Like that advice Wild Bill.

Dawoofdaddy · Jun 20, 2006

GreenDoberman said:
No worries, just another dip in the market.
I have been fortunate enough that my own personal portfolio has done very well and even with the slight dip lately is up significantly.
I strongly believe in the Peter Lynch theory of buying stocks you know and products you believe in. About the only time I lose money is taking a flyer on some tech company that I couldn't explain.

Which stocks do you hold GD?

This market lull is getting a bit long in the tooth to simply call the recent dip another dip.

The average stock on the NYSE & Nasdaq put in highs in 1998...8 years ago.

Of course the overall market made highs in 2000 (six years ago), but most stocks had topped prior to 2000.

8 years is a long time for the average to not have made a penny, and in fact most are still negative in nearly a decade.

If one factors in the risk premium that should be subtracted from any stock return, inflation, and money that could have been made in cash, the market has been shit the past 6-8 years for the typical buy and hold investor.

Line Tamer, yes I am still long term bullish for precious metals and other commodities....the fundamentals have not changed. However, there is a liquidity squeeze and when entire market tanks sometimes even the quality sectors get smashed.

blueedwards · Jun 20, 2006

Dante said:
mine is doing Quite well it is up overall this year but a pretty good amount

I have it broken down like this

Individual Funds:
G Fund Government Securities 17.57%
F Fund Fixed Income Index 46.37%
C Fund Common Stock Index 9.87%
S Fund Small Cap Stock Index 15.25%
I Fund International Stock Index 10.94%

thanks dante...that makes me feel much better knowing that your 401(k) balance is up. if i told you that i just lost the biggest bet of the year would you respond..."i actually won my last 4 in a row"? or if i told you my wife ran off with the landscaper would you say "my marriage is going great".

:icon_conf