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re: 401k investment question - if market has substanial downturn....

Posted on 12/28/13 at 11:07 am to
Posted by rmc
Truth or Consequences
Member since Sep 2004
26558 posts
Posted on 12/28/13 at 11:07 am to
quote:

Your over my head. Dont think my ex-company has that kind of options. I guess rolling my 401k into the type of account i could more closely manage is an option, but then u r speaking of giving somebody a couple of percentage points to oversee it right? now i pay practically nothing for that.


If you roll it over to somewhere like Schwab or etrade there is no % coming off the top, although there are transaction fees and expense fees inside of certain investment vehicles. You can manager how you want and you will have untold numbers of options. That can be a good or bad thing depending on your level of sophistication in such matters.
This post was edited on 12/28/13 at 11:10 am
Posted by jeffsdad
Member since Mar 2007
21497 posts
Posted on 12/28/13 at 11:53 am to
Not sophisticated at all obviously, but I have managed, with a lot of luck, to move my investments around in a timely manner. i moved just before the huge downturn after (or before?) 9/11 and also the more recent downturn. i only lost a little in both. I move investments very rarely all-in-all.

bottom line I seem to need to roll over into a company with a good fixed income account with a small percentage in a balanced account. Thanks for everyone's input.
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