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401k investing advice questioned; Have you checked and or questioned yours?
Topic Started: Dec 5 2012, 10:16 AM (1,438 Views)
Cobb
BANNED

Ok, I know the internet isnt the best place for investing advice, but I question the experts. :type

So, I have a 401k, I contribute what my employer does for the match. From time to time it goes into a fund for me to retire in 2040. I guess I get a bonus or something and it goes there vs the stable capital fund I use. I see what goes into that fun looses money. I found a co worker of mines has lost a few thousand to the fund.

I call fidelity. They say its a fund for coporate investing, it has a million dollar buy in and its vgery stable and safe. I asked if that was the case, why is it loosing vs gaining? He just repeated his response and I asked all my funds be put in the stable capital fund.

I think in all I have like 20 to choose from, half are based on the year decade you want to retire. I just find it hard to believe that if people are "selecting" these funds all over the world for their retirement and that since the year isnt 2040, then it should be all gains, right?
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Greg_M
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"Hank" driver
[ *  *  * ]
Seek the advice of a retirement counselor. Don't wait. For a very low monthly investment, at your age, you can come out pretty well.
I started late and wish I had not waited.
I use Edward Jones, but there are several out there.

Don't count on social security, it will probably not be there for you.
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dayle1960
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Fastest Hampster EVER

I work for the postal service and have a tidy sum in a thrift savings plan sponsored by the federal government. Guess what!!!! The idiots on Capitol Hill are wanting to take my thrift savings money out of my account and replace it with an IOU for when I need it in 20 years. All of the money I have saved and earned interest and capital gains on will be in the hands of the government. All I get is a piece of paper that says I have the legal obligation to recoup what the government thinks is necessary for me to live on.

You think this sounds like BS, but I have been predicting this for a few years and come the first of January 2013, when this country goes into a dark area, the rulers will NEED to get their hands on money any way they can. 401K's have trillions of dollars invested. The rulers are drooling over that money.

IF I were young, I would take my money and DILIGENTLY save what ever I could from each paycheck. I would then take that savings and buy gold or silver and then sit on it. The greed of man will always come back to the precious commodities when financial systems collapse. You can trade with gold or silver, but when the dollar bill goes tits up, then nobody will want to trade with a few scraps of paper. Look into what happened to Confederate currencies after the Civil War. Folks had millions of worthless bills that they could not spend.

You are wise to look into your future. Start by looking into how corrupt our government will become when they cannot raise taxes to cover all of the spending they need to cover. Where will they get the money to fund Social Security, Medcare/Medicade, and a host of other things. They will come after your 401K.

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Greg_M
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"Hank" driver
[ *  *  * ]
PS

My wife works for the local city govt as a "planner". She has a retirement through the city as well as a 401 plan etc.
The city is not big enough to have it's own retirement plan so it borrows the state's (WA)

The state has investors that handle the retirement money, but they are state employees and as such are lame.
We take her investment reports (from the city/state) to our Ed Jones guy and he advises her on how to change it so it's better and makes more $
They allow her to change at least some of it.

Just a thought
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75monzatc
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just jeremy

A year ago, my company switched to Principle and they do the same thing with pre-set funds based on your retirement date as an option that you are automatically enrolled in. Seemed the way the further out funds are done at least here are low risk early funds that are planned to move over into high risk as you get closer into retirement. After researching mine, they were doing the same as yours...taking a hit with close to 1% return over the last year. I moved all mine out of the package plan and manage them myself now like I used to do. Not getting the greatest return in the last year, currently at 7.85%, just because I don't look at it every day and speculate on futures. If you have time to watch and plan several times a week, you can do pretty well with your return %. Most people prefer to have an invester figure it out for them though to save a headache, lol. :whistle
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Horn


dayle1960
Dec 5 2012, 11:08 AM

IF I were young, I would take my money and DILIGENTLY save what ever I could from each paycheck. I would then take that savings and buy gold or silver and then sit on it. The greed of man will always come back to the precious commodities when financial systems collapse. You can trade with gold or silver, but when the dollar bill goes tits up, then nobody will want to trade with a few scraps of paper. Look into what happened to Confederate currencies after the Civil War. Folks had millions of worthless bills that they could not spend.
Gold and silver is at a high point, not a low point.

Why is it that you never saw commercials and people saying "buy gold" 8 years ago?

Why is it that once gold/silver sky rockets you now see commercials?

God/silver is too high. Don't invest in gold or silver. At least not right now.

In this case that dayle explains. The best investment would be weapons, and hunting/farming skills. "It the dollar bill goes tits up" - that means we are fucked. You won't have to rely on gold if you can hunt/fish.

Lets say you take $1500 and buy an ounce of gold. The dollar goes under. Something has to replace the dollar. Some other national currency type will take over. (Our current currency system does need changed) As of right now it would take me 150+ (at $10/hr) hours to buy 1 ounce of gold. What will that gold equal if the dollar goes under? who knows.
If I spend 60 hours working. I can buy a few used rifles, ammo etc. 1 round can equal the next meal.
*****this is coming from a guy that has no fire arms. lol

I really don't think gold is the answer because it is all based on IF. If you invest in gold now you better hope the dollar goes under. If the dollar and our economy makes a strong come back then your gold will drop in value.
It might be a good safety net, but I don't think its a good investment.
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Horn


Cobb, no they will not all be gains.

In your case the 40 yr plan would be more risky than if you have a 3 yr plan and will retire in 3 years.

My friend watches his and has been doing very good. He actually made the right choices when the economy was taking a shit and where you see others' retirements nose-dive, his sky-rocketed.

Cobb - NO investment is guaranteed to gain. It doesn't matter when you retire.
The only way not to lose is not to invest or to put it into a savings plan where you will get .000035%

If you go to a CFP/investor, I would recommend a commission based on. They make money when you do.
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Horn


Cobb - you can also start a Roth IRA and add to that also if you feel frisky. You can control that and no taxes come out when retire.
****Depending on your tax situation, It might make more sense for you to do a traditional IRA.

Also do you have any kids? if so, a 529 savings plan is the way to go to save for college!
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aaronvincent
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Mr Mojo Risin'

I save an amount each paycheck and have it stored in a very large and heavy safe (the bank can go eff itself). I do not trust ANY 401k bullshit machine or governemnt lie factory. I do it myself and no one can lie to me :news
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starscream5000
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Got 70 MPG?

75monzatc
Dec 5 2012, 12:01 PM
After researching mine, they were doing the same as yours...taking a hit with close to 1% return over the last year. I moved all mine out of the package plan and manage them myself now like I used to do. Not getting the greatest return in the last year, currently at 7.85%, just because I don't look at it every day and speculate on futures. If you have time to watch and plan several times a week, you can do pretty well with your return %. Most people prefer to have an invester figure it out for them though to save a headache, lol. :whistle
Mine is currently at 14.83%, it was over 20% before the elections. :shake
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MR Bill
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I have my 401k rolled over into a Fidelity account. I took an investing class while I was still working put on bt EIS Trading. I subscribed to there news letter and do what they say to
do in the letter. When marked went down I didn't as much as a lot of folks did. This year I
have had a average return of 21.2 percent , one of the 3 funds has a return of 37.5 on the year as of now.

This plan works and I would tell ya'll to look at it, log onto eistrading.con. IF anyone wants to look at last report on what the last news letter had to say Pm me with your email address and I will send you a copy. two pages.
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Jonathan6229


Cobb
Dec 5 2012, 10:16 AM
Ok, I know the internet isnt the best place for investing advice, but I question the experts. :type

So, I have a 401k, I contribute what my employer does for the match. From time to time it goes into a fund for me to retire in 2040. I guess I get a bonus or something and it goes there vs the stable capital fund I use. I see what goes into that fun looses money. I found a co worker of mines has lost a few thousand to the fund.

I call fidelity. They say its a fund for coporate investing, it has a million dollar buy in and its vgery stable and safe. I asked if that was the case, why is it loosing vs gaining? He just repeated his response and I asked all my funds be put in the stable capital fund.

I think in all I have like 20 to choose from, half are based on the year decade you want to retire. I just find it hard to believe that if people are "selecting" these funds all over the world for their retirement and that since the year isnt 2040, then it should be all gains, right?
I pay a guy a commission to balance my Roth IRA, and then take his same ideas and use them for my 401k, (I think it's 20% small cap, 20% large cap and 20% foreign funds. maybe 20% money market stuffs as well, and I don't know what else I'm forgetting.) I also don't really care how much my 401K goes up or down. By the time I need that money, I'll just be another evil rich person that the government needs money from.
The guy that manages my Roth is commission based, and I found him through Dave Ramsey's website, his ELP program.
That said, it's going to be interesting to see how our current culture reacts to personal retirement savings accounts. (because it is important to "share the wealth" right???)
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Weswhat
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formerly Rdazzle

invest in real estate my friends :cheers
I'm only 20 years old and invest in real estate. I also buy and sell cars, tickets, and old school video games!
I don't even have a job and I'm doing just fine!
real estate is the big money maker.
Edited by Weswhat, Dec 5 2012, 02:07 PM.
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98chevymetro
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Horn12007
Dec 5 2012, 12:05 PM
dayle1960
Dec 5 2012, 11:08 AM

IF I were young, I would take my money and DILIGENTLY save what ever I could from each paycheck. I would then take that savings and buy gold or silver and then sit on it. The greed of man will always come back to the precious commodities when financial systems collapse. You can trade with gold or silver, but when the dollar bill goes tits up, then nobody will want to trade with a few scraps of paper. Look into what happened to Confederate currencies after the Civil War. Folks had millions of worthless bills that they could not spend.
Gold and silver is at a high point, not a low point.

Why is it that you never saw commercials and people saying "buy gold" 8 years ago?

Why is it that once gold/silver sky rockets you now see commercials?

God/silver is too high. Don't invest in gold or silver. At least not right now.

In this case that dayle explains. The best investment would be weapons, and hunting/farming skills. "It the dollar bill goes tits up" - that means we are fucked. You won't have to rely on gold if you can hunt/fish.

Lets say you take $1500 and buy an ounce of gold. The dollar goes under. Something has to replace the dollar. Some other national currency type will take over. (Our current currency system does need changed) As of right now it would take me 150+ (at $10/hr) hours to buy 1 ounce of gold. What will that gold equal if the dollar goes under? who knows.
If I spend 60 hours working. I can buy a few used rifles, ammo etc. 1 round can equal the next meal.
*****this is coming from a guy that has no fire arms. lol

I really don't think gold is the answer because it is all based on IF. If you invest in gold now you better hope the dollar goes under. If the dollar and our economy makes a strong come back then your gold will drop in value.
It might be a good safety net, but I don't think its a good investment.
I'm with you on this one. I don't think investing all your money into precious metals is a good idea if you think the economy is going to crash again like the depression. When money is worthless gold is not a very feasible trading medium. Food, guns and services are. People will trade eggs, not gold. You've got this tiny little rock that's used to be worth $1,500. First off, who says it's worth anything now that money is no longer worth anything? And even if people still valued it at it's face value, what if you don't want to buy $1,500 worth of goods?
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75monzatc
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just jeremy

Just invest in Metros, not like gas is ever going down! :D
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