OT: 401k
- Thread starter FiliUTEP
- Start date
I’ve never heard of a 401k. Are they any good? I have several 14k gold rings. I can only imagine how good a 401k one looks.
No, because I still have decades before retirement. I don't plan on withdrawing from my retirement accounts any time soon. I'm actually more excited about the buying opportunities, thinking in the long run.
If you're not close to retirement don't panic. Don't withdraw money. It's going to be a very rough year. Things will get ugly. There will be a new administration. Things will come back. In the end the only people who lose money will be those who empty their 401k's. There is nothing more resilient than the American economy.
Things will always rebound, but your best bet (or at least what I did) is put all your money into the lowest risk investments that your 401k offers. Try to lose the least amount possible, and hope to time it on the rebound when switching back to aggressive investments
Nothing more despicable, hypocritical, douche baggery-iike than a log cabin republican.
I hope this republican's assessment is correct.
https://www.theatlantic.com/ideas/archive/2020/03/peter-wehner-trump-presidency-over/607969/
I hope this republican's assessment is correct.
https://www.theatlantic.com/ideas/archive/2020/03/peter-wehner-trump-presidency-over/607969/
The same types of articles were posted in 2017, 2018, and 2019. Trump will win the election in November.
I was told to start shifting 10% of my portfolio to a fixed or guaranteed fund when I was 9 years away from retirement. 20% when I was 8 years out. 30% when I was 7 years out. I am now 4.5 years away from retirement and still have 100% in aggressive funds 
I am going to have to enjoy the ride for the next four years!
I am going to have to enjoy the ride for the next four years!
I haven’t looked lately but know I’ve lost a lot of money. At this point it’s late to make any changes. It’s better to leave my 401K alone. It will eventually recover.
don't look and don't make any sudden moves until the dust settles
Land/real estate (and petro dollars). End of story.
We love the Costco/Sams gas prices but our EP boys working in Midland/Odessa oil fields will be coming home in the next few weeks. It has to stay at $2.00 a gallon (not one cent lower) otherwise field workers get cut.
R.E. is bundled (nothing was changed from 08 crisis, just relabelled), rated, and sold and traded. Foreign investors own the U.S. market because we don't have an autocratic authoritarian system. The two party system is shared by dems and GOP. They fight off any 3rd parties. They are either beaten down in a back alley or become a subgroup (I.e.- Libertarians with GOP & Socialist with Dems).
"It's the economy stupid!" should be "it's the real estate stupid".
What's under your feet is more important than a 401(k) FOR ALL.
If U.S. invested as much energy in health like it does for real estate COVID 19 situation would be like South Korea: Under control and spiking down.
Land > health
Land > health
Well 2step, throw your jabs at the US, but i'm willing to bet that the US will once again lead the world out of this crisis. It might be through innovation, research, or most importantly through financial recovery, but in some large way the US will once again lead the world out of yet another crisis that started in a different part of the world; just like we did in World War 1, the Great Depression that followed WWI, World War 2, the oil crisis, or in this case, a disease which started in the rural markets of an asian country that does not have the same EPA/health standards as us.
Even when people try to blame the US for getting us into the financial crisis of 2008, the fact is that we also led the world out of that crisis as well, resulting in the longest bull market in the history of the world starting just a few years later.
Not going to say that everything is going to be roses here in the near future, but just be thankful that there is a country like the US which does things the way that we do things, because history says that we will be one's who will eventually play a large part in fixing this world problem.
Even when people try to blame the US for getting us into the financial crisis of 2008, the fact is that we also led the world out of that crisis as well, resulting in the longest bull market in the history of the world starting just a few years later.
Not going to say that everything is going to be roses here in the near future, but just be thankful that there is a country like the US which does things the way that we do things, because history says that we will be one's who will eventually play a large part in fixing this world problem.
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safe bet... 4.5 years? Wow!I was told to start shifting 10% of my portfolio to a fixed or guaranteed fund when I was 9 years away from retirement. 20% when I was 8 years out. 30% when I was 7 years out. I am now 4.5 years away from retirement and still have 100% in aggressive funds
I am going to have to enjoy the ride for the next four years!
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