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Message
If your IRA chart looks like this how concerned are you?
Posted on 12/18/18 at 6:14 am
Posted on 12/18/18 at 6:14 am
This is my IRA chart some others may be more horrific. It is the past 3 months.
It looks like the economic two step.
After each contribution it goes up for the moment, then it goes down as the month progresses.
Are you guys seeing a similar track record?
It may be time to switch to more stable funds.
I doubt I have seen any gains in the past 10 years.
Posted on 12/18/18 at 6:23 am to Tarps99
quote:
If your IRA chart looks like this how concerned are you?
Zero because I'm going to be working for another 30 years easy
Posted on 12/18/18 at 6:36 am to Tarps99
I wouldn't be concerned about a three month period.
However, if you haven't seen gains in 10 years you're doing something wrong.
However, if you haven't seen gains in 10 years you're doing something wrong.
Posted on 12/18/18 at 7:13 am to Tarps99
quote:You're lying.
I doubt I have seen any gains in the past 10 years.
Posted on 12/18/18 at 7:27 am to Tarps99
being in my early 40s i look at down tuns in the market as opportunities to by more shares with my contributions then during higher market periods. Unless you are close to retirement/in retirement, dips are not a bad thing
In 2008 i looked at it as being able to buy 2x as many shares as i was able to buy in 2007 with the same contribution. so 2008 became two years of contributions vs other years.
In 2008 i looked at it as being able to buy 2x as many shares as i was able to buy in 2007 with the same contribution. so 2008 became two years of contributions vs other years.
Posted on 12/18/18 at 7:41 am to tigeraddict
quote:
opportunities to by more shares with my contributions
/thread
Posted on 12/18/18 at 7:46 am to Tarps99
My contributions kept me at even this year, but last year I murdered it.
Who is managing your IRA?
quote:
It may be time to switch to more stable funds.
I doubt I have seen any gains in the past 10 years.
Who is managing your IRA?
Posted on 12/18/18 at 7:57 am to CoachChappy
Oppenheimer is managing it.
Posted on 12/18/18 at 8:04 am to Tarps99
quote:
It may be time to switch to more stable funds.
Buy high sell low, works out every time.
quote:
I doubt I have seen any gains in the past 10 years.
Should be pretty easy to find that info
Posted on 12/18/18 at 8:28 am to Tarps99
That’s going to look minuscule when you retire baw
Posted on 12/18/18 at 9:04 am to jimbeam
Here is the last 5 years. Notice no year higher except for one.
I probably would have done better stuffing a mattress if my employer personally gave met the match.
Posted on 12/18/18 at 9:06 am to Tarps99
What the hell were you invested in in 2017?
Posted on 12/18/18 at 9:13 am to jimbeam
These are the funds invested it:
Capital Appreciation Fund A
Discovery Fund A
Global Allocation Fund A
Global Fund A
Global Strategic Income Fund A
Limited-Term Bond Fund A
Capital Appreciation Fund A
Discovery Fund A
Global Allocation Fund A
Global Fund A
Global Strategic Income Fund A
Limited-Term Bond Fund A
Posted on 12/18/18 at 10:01 am to Tarps99
I get excited. Buying more for less is a great way to get to early retirement.
Posted on 12/18/18 at 10:12 am to Tarps99
quote:
These are the funds invested it:
Capital Appreciation Fund A
Discovery Fund A
Global Allocation Fund A
Global Fund A
Global Strategic Income Fund A
Limited-Term Bond Fund A
1) Forgive me for saying you were lying. I really thought you were trolling us. Now I just feel bad for you. We've got to get this fixed.
2) Wow, you've got to get free from Oppenheimer. What is your fund allocation percentages among those six? The fact that you hired a guy who is making money is a damn shame (then again, he'd be making more if you were doing well)...so is he dumb, lazy, or both?
RED FLAGS
a. You're paying well over 1% fees for these funds. Vanguard fund fees are sub 0.15%
b. Three of your five equity funds are global. There's no reason this should ever happen.
c. All six of those funds are positive over the past 5 years...so how are you negative?
This post was edited on 12/18/18 at 10:27 am
Posted on 12/18/18 at 10:35 am to bayoubengals88
I also think the Strategic Income and Bond Fund are bad ideas that can account for a certain amount of losses. Buying those in a low rate environment meant he paid high prices for low yield bonds. And once interest rates started to climb again, the price of the bonds in his funds declined. OP should have been in equities instead.
And while he is paying high fees for his funds, they aren't the main reason why he's down each year.
And while he is paying high fees for his funds, they aren't the main reason why he's down each year.
Posted on 12/18/18 at 10:48 am to bayoubengals88
Actually it is an employer match funded Simple IRA.
So it is not a simple move, excuse the pun.
So it is not a simple move, excuse the pun.
This post was edited on 12/18/18 at 10:49 am
Posted on 12/18/18 at 10:52 am to Tarps99
Did you choose the allocation and funds or did your guy do it?
That’s a pretty terrible set of funds to be in over that period of time.
That’s a pretty terrible set of funds to be in over that period of time.
Posted on 12/18/18 at 11:36 am to Tarps99
quote:
I doubt I have seen any gains in the past 10 years.
You must have been in all cash then. The past ten years has been an epic bull market for stocks unless you got it right before the crash.
Posted on 12/18/18 at 12:12 pm to foshizzle
quote:If you had finished reading the thread, you would've seen the proof OP provided:
You must have been in all cash then. The past ten years has been an epic bull market for stocks unless you got it right before the crash.
Having just looked at the 5 year performance of those funds, OP's problem is that these Oppenheimer funds are EDIT: not as bad as I initially thought; see the note below. The high fees compared to the alternatives is just insult to injury.
EDIT 2: This original post was wrong about the mutual funds' performances. I wrongly assumed the Google chart for the funds showed changes in NAV per share. Thankfully, Thib-a-doe Tiger pointed out that my information was wrong. I have removed the wrong info for later readers. If you want accurate NAV changes for the funds, use Morningstar. If you would like to see my mistakes, they are quoted on the following page.
The information below is the name of the funds he was invested in, the ticker, and the type of investments the funds use:
Capital Appreciation Fund A: OPTFX, large cap US growth stocks.
Discovery Fund A: OPOCX, small cap US growth stocks.
Global Allocation Fund A: QVGIX, global allocation with short-to-medium term horizon that "seeks to achieve attractive total returns without taking undue risk."
Global Fund A: OPPAX, large cap US and foreign stock fund.
Global Strategic Income Fund A: OPSIX, global fixed income investments.
Limited-Term Bond Fund A: OUSGX, limited term US investment grade fixed income investments.
This post was edited on 12/18/18 at 4:36 pm
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