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Started By
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re: What advice do the board gurus give in regards to any potential 401k adjustments tomorrow.
Posted on 8/5/24 at 9:25 am to JohnnyKilroy
Posted on 8/5/24 at 9:25 am to JohnnyKilroy
‘08 I didn’t care. Plenty of time. But I know quite a few who did lose a lot and I still hear about it today. There’s not much time for me to make up such loss.
2
Posted on 8/5/24 at 9:30 am to Dixie2023
quote:
08 I didn’t care. Plenty of time. But I know quite a few who did lose a lot and I still hear about it today. There’s not much time for me to make up such loss.
Many people sell into these downturns, locking in losses
Posted on 8/5/24 at 9:56 am to Kingshakabooboo
Buy low, sell high.
Posted on 8/5/24 at 11:00 am to Dixie2023
quote:
08 I didn’t care. Plenty of time. But I know quite a few who did lose a lot and I still hear about it today. There’s not much time for me to make up such loss.
You are looking to retire in 5 years.
5 years after 08 we were at all time highs and soaring.
Posted on 8/5/24 at 11:04 am to Kingshakabooboo
quote:
Not long ago my company announce that it was going to do a 4 to stock split in September. I moved all my current and future investments into my company stock 100% to take advantage of the future split. Should I just let it ride. Should I move some or all to bonds? What do the experts say?
I don't blame this guy, but baby jesus can we get some financial literacy classes in HS in this country.
Posted on 8/5/24 at 1:03 pm to barry
quote:
I don't blame this guy, but baby jesus can we get some financial literacy classes in HS in this country.
I don't disagree but do you trust that we will have the right people teaching these courses or deciding on the content.
Posted on 8/5/24 at 2:22 pm to Dixie2023
quote:
I’m 57 and want to retire at 62. I’ll be calling fidelity to ask what to do to keep what I have safe. I’m too old and close to retirement to ride it out.
If a 5-10% pullback has you feeling like this, you need to rethink your entire approach.
You won’t need the vast majority of your retirement money for another 10+ years - you have way more time than you think to “ride” things out.
Posted on 8/5/24 at 2:25 pm to Dixie2023
quote:Are you going to need every dollar you've saved for retirement in five years?
I’m 57 and want to retire at 62. I’ll be calling fidelity to ask what to do to keep what I have safe. I’m too old and close to retirement to ride it out.
If so, get out now and put it all in cash.
If you plan to make age 80, you have time to make up a downturn with a large portion of your portfolio.
Posted on 8/5/24 at 2:40 pm to soccerfüt
No I won’t need every dollar at that time. And thanks, didn’t think about it that that way.
Posted on 8/5/24 at 9:57 pm to Rize
Yes
Posted on 8/5/24 at 10:08 pm to Free888
quote:
Never put 100% of your investment into your own company (Enron taught us this). You’re exposed to both employment and investment risk.
See, that’s the advice I listened to 25 years ago. When I started. I diversified. I put 15% in a bond fund, 15% in an Asian midcap fund, 10% in my company stock, and 50% in a Vanguard 2040 fund and until about 3 years ago never moved it.
At the time I started my company stock was trading at $38. Today it is trading at over $700. While I admit I know very little about investments, I do understand the reasoning behind diversifying, there is not a day that goes by I don’t kick myself for putting it all in my company stock from the get go.
This post was edited on 8/5/24 at 10:30 pm
Posted on 8/5/24 at 10:32 pm to Kingshakabooboo
quote:
Yes
Awe shite. Dude it’s been on a rocket.
This is when I started
My wife started in 2003 or 2004.
One of my biggest regrets was unloading shares along the way. Used to get 100 shares a year for hitting PC.
I’ve got buddies of mine that are up millions by going 100% in but I could never do it. I’m at about 30% but folks that have been at 100% have kicked my arse.
This post was edited on 8/5/24 at 10:52 pm
Posted on 8/6/24 at 1:03 am to Kingshakabooboo
quote:
See, that’s the advice I listened to 25 years ago. When I started. I diversified. I put 15% in a bond fund, 15% in an Asian midcap fund, 10% in my company stock, and 50% in a Vanguard 2040 fund and until about 3 years ago never moved it. At the time I started my company stock was trading at $38. Today it is trading at over $700. While I admit I know very little about investments, I do understand the reasoning behind diversifying, there is not a day that goes by I don’t kick myself for putting it all in my company stock from the get go.
As tough as that can be, it’s still sound advice. You’d understandably balk if anyone invested 100% of your retirement money in any single company.
Posted on 8/6/24 at 2:24 am to Kingshakabooboo
The bomb already went off.
What are you going to do about it tomorrow? Stay the course unless your course sucks.
What are you going to do about it tomorrow? Stay the course unless your course sucks.
Posted on 8/6/24 at 3:27 am to Kingshakabooboo
quote:The good news is there are way worse companies to be 100% all in on.
Yes
Posted on 8/6/24 at 5:20 am to Kingshakabooboo
quote:and they are just a bad earnings report away from $38
At the time I started my company stock was trading at $38. Today it is trading at over $700
Posted on 8/6/24 at 6:44 am to slackster
Thanks. I didn’t see this reply yesterday. True. Just unsettling as I get closer to it.
Posted on 8/7/24 at 10:09 am to PlaySomeHonk
If you’re below 40-45, stay in the market 80/20 or so but split that shite up into 15-25 different stock equities.
_______
Nah. You can diversify in much simpler ways. 15-25 different equities is not necessary. And is overkill. The 500, 1000, 2000 and total stock market funds/etfs are all great ways to diversify and most companies have low cost offerings of these .
Posted on 8/7/24 at 10:17 am to Asharad
and they are just a bad earnings report away from $38
_______
Nah. Could it drop? Yes. Like every stock on the planet. Will it drop to 38? Very unlikely. When have you seen a drop from 700 to 38 based on a bad earnings report?
_______
Nah. Could it drop? Yes. Like every stock on the planet. Will it drop to 38? Very unlikely. When have you seen a drop from 700 to 38 based on a bad earnings report?
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