Retirement people / investment people
Thread Starter
Joined: Jun 2001
Posts: 58,579
Likes: 0
From: Lll
Retirement people / investment people
Hows yall doing?
I know the market isnt at its hottest right now. But I started my 403b in Nov, so I am kinda a noob. When the market is just sucking bad...what am I suppose to do? It is kinda hard sitting there watching my money go away. Someone halp? SHould I stop putting in money till it gets better? Ride it out? I looked at moving funds, but almost all funds are in the negative when looking at YTD.
Check out my thingy.
I know the market isnt at its hottest right now. But I started my 403b in Nov, so I am kinda a noob. When the market is just sucking bad...what am I suppose to do? It is kinda hard sitting there watching my money go away. Someone halp? SHould I stop putting in money till it gets better? Ride it out? I looked at moving funds, but almost all funds are in the negative when looking at YTD.
Check out my thingy.
__________________
.
.
the one and only
Joined: Dec 2000
Posts: 15,571
Likes: 0
From: Govenator Territory
you'd have to ride it out. the key is to not look at it. 5 years from now its going to be positive no matter what. if you are trying to predict something then you might as well buy stock instead.
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
If you're really worried, you should transition your funds that are normally in stocks and mutual funds over to bonds and high yield money market accounts. However, this is usually only done if you're overly cautious and/or are approaching your retirement years. As of right now, I've just let mine ride. I'm down for the year, but these types of accounts aren't about short term gains.
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
Roth IRAs are just post-tax savings/investment accounts. The withdrawls cannot be taxed when you retire and start drawing from them. If you feel you need two retirement accounts then go for it.
I
Joined: Jan 2001
Posts: 56,525
Likes: 0
From: Westside til I die
I look at my 401k only when I get my quarterly statement. What it does right now doesn't really matter, as the money will be in there for 30 years.
Other than 401k, I have a regular savings account....and that's it.
Other than 401k, I have a regular savings account....and that's it.
__________________
2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
Team B.O.B.® - Ballaz on a Budget
2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
Team B.O.B.® - Ballaz on a Budget
Duh
Joined: May 2002
Posts: 6,903
Likes: 0
From: Southside foo!!
yea, market was bad. My last year was down -1% annually. What can you do is set it to broader and more conservative terms for now. Then when the market is good again, go for a lil more aggressive market.
I set mine to be 30% Conservative (about 2 portfolios), 50% aggressive (usual about 2-3 portfolios ), and 20% in SP500 index funds. It balances out nicely, I didn't loose too much last year when the aggressive market was really going down.
I set mine to be 30% Conservative (about 2 portfolios), 50% aggressive (usual about 2-3 portfolios ), and 20% in SP500 index funds. It balances out nicely, I didn't loose too much last year when the aggressive market was really going down.