- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Stopping the 401k bleeding. Long
Posted on 2/28/23 at 7:26 pm
Posted on 2/28/23 at 7:26 pm
I am not as educated as I should be here so hence this question. I am 60 yrs old. Currently not contributing due to my job being fairly new and being strapped financially because of a medical situation with my wife. Don’t have a ton in my 401 k but was hoping to keep what I have for retirement. Will be my only income with SS. I have lost 30% of my funds since Biden took office. Thought I had moved my elections into more stable options but apparently not. I will list where my funds are looking for some guidance. I am not looking to make money. Just stop the losses. 1-PHYQX(PGIM High Yield R6)(Down big). 2-PEOPX(BNYM S&P 500 Index. 3-FA Stable Value II(No gain or loss). 4-GIBIX(GUGHM TOT RIN BD IS)(Down big). 5-FBGKX(FID Blue Chip Gr k. 6-BPRAX(Blkrx Infl Protect A(Down a good bit). 7-JMGMX(JPM Mid cap Grth R6. Should I just move almost everything into the FA Stable Value II account for awhile? Thanks in advance.
11
Posted on 2/28/23 at 7:34 pm to JBM210
6 month T notes hit 5.14% today.
That’s guaranteed.
30% in that span is bad. Worst than most.
But it’s got little to do with Biden.
Can someone learn me on 401k allocation?
Why are you in so many funds? Is someone from the outside managing the account?
For your age, a combination of VTI and SCHD or VMY would be much better than -30%
That’s guaranteed.
30% in that span is bad. Worst than most.
But it’s got little to do with Biden.
Can someone learn me on 401k allocation?
Why are you in so many funds? Is someone from the outside managing the account?
For your age, a combination of VTI and SCHD or VMY would be much better than -30%
This post was edited on 2/28/23 at 7:50 pm
Posted on 2/28/23 at 7:42 pm to JBM210
Enjoy social security my friend.
Posted on 2/28/23 at 8:17 pm to JBM210
This doesn’t make much sense. Only your growth funds are anywhere close to 30% down. Unless you have the great majority of your funds in those two, you can’t possibly be down 30%.
You can’t hide under a rock. Pay an advisor for an hour of their time to just explain what you have and how to make changes in your allocation. Move some to the value side. Get out of junk bonds.
You can’t hide under a rock. Pay an advisor for an hour of their time to just explain what you have and how to make changes in your allocation. Move some to the value side. Get out of junk bonds.
Posted on 2/28/23 at 11:52 pm to JBM210
You lost 30%?
The S&P 500 is down only half that from its all time high.
You may be better off just sticking with an index fund.
The S&P 500 is down only half that from its all time high.
You may be better off just sticking with an index fund.
Posted on 3/1/23 at 8:59 am to JBM210
I was down 30% last year, but my entire 401k was in high growth. I'm only 33 though so I don't really give a shite. Moved a good bit from FAGCX to OIERX and will let the rest ride. If you are that close to retirement you should have already moved your money to something more stable like money market or bond funds. You can't afford a 20-30% pull back. But at this point I'm not sure that it matters.
Posted on 3/1/23 at 9:23 am to JBM210
Remember that when you’re feeling maximum pain and want to pull out of the market is the time when you probably need to stay invested and keep acquiring. 2008 taught me this lesson hard.
This post was edited on 3/1/23 at 10:07 am
Posted on 3/1/23 at 12:18 pm to JBM210
quote:
Don’t have a ton in my 401 k but was hoping to keep what I have for retirement.
Sounds like your risk tolerance is at "zero" right now. Usually it is best to go to money market funds when that's the case until you can figure out the next step. The good news is money market funds are paying around 4.5% +/-.
Posted on 3/1/23 at 2:52 pm to JBM210
If you are still trying to time the market at 60, I hope your expenses are low enough to live on SS.
Posted on 3/2/23 at 6:56 am to JBM210
The market will bounce back. I would avoid going to money market, unless you really want to guarantee no more losses.
Now is actually a time to start getting into bonds, but you rode them all the way down, so your options are limited.
Who picked these funds you listed? If it’s a financial advisor, fire them immediately.
Now is actually a time to start getting into bonds, but you rode them all the way down, so your options are limited.
Who picked these funds you listed? If it’s a financial advisor, fire them immediately.
Posted on 3/3/23 at 6:39 pm to JBM210
Stop switching investments, restart your contributions, and don't check your balance for at least two years.
Posted on 3/6/23 at 9:14 am to JBM210
Yeah, bond funds aren't bonds so #1 got hammered by duration risk and is highly correlated with your equity holdings. Basically you were sold on diversification that isn't there. I'd be putting any cash you have into T-bills. They will outperform equities and corporate bonds in the short to medium term (1-2 years).
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News