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re: For those that pay into a 401k at your work..

Posted on 2/25/24 at 10:20 pm to
Posted by Roy Curado
Member since Jul 2021
1185 posts
Posted on 2/25/24 at 10:20 pm to
A friend of mine's dad is a very successful financial advisor, and I called him up when I started at my company. His advice has provided a 16% return since my inception so far... He put me on 3 very aggressive mutual funds.
This post was edited on 2/25/24 at 10:58 pm
Posted by H2A2
South
Member since Jun 2023
152 posts
Posted on 2/26/24 at 5:52 am to
My company uses Fidelity. The only thing they put you in from the start was a, 2055 TRP F (9.79% L5) For the last 4 or 5 years I've put my money in ...

Blackrock Equity Divedend Fund, over the last 5 years avg 12% return
10% of money

Fidelity 500 Index, over the last 5 years avg 19% return
27% of money

Fidelity Contrafund commingaled pool class A, last 5 years avg 15.5% return
12% of money

Fidelity Extended market index fund, last 5 years avg. 8.9% return
31% of money

Other 20% in 2055 TRP. Not investment savvy at all just looked through the few with the highest 10yr+ returns and picked them, can anyone tell me if I'm doing something wrong or maybe a risk I'm missing ? Thanks in advance
Posted by SulphursFinest
Lafayette
Member since Jan 2015
9191 posts
Posted on 2/26/24 at 6:35 am to
Well let’s hear the advice
Posted by Grinder
Member since Nov 2007
2005 posts
Posted on 2/26/24 at 5:05 pm to
quote:

He put me on 3 very aggressive mutual funds.


The S&P 500 and the Dow are considered “very aggressive mutual funds?”

What planet is this?
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