401k issue

[Indecisi0n]

Then why is your wife calling me?

It doesn't stay up for very long.

 

[IVE GOTTA PACKAGE 4U]

That's kind of what I do. 10% taken out of my check every week. I don't notice it missing. I know where it's at and I know it's getting bigger. I'll check it once a year max.

It will drive you crazy looking at it everyday. Especially when the market is going down. Make a plan and stick with it. Increase your contributions when you get your raise.

 

[Cementups]

It will drive you crazy looking at it everyday. Especially when the market is going down. Make a plan and stick with it. Increase your contributions when you get your raise.

I've done nothing but make money on my 401k.

 

[olroadbeech]

you should diversify. most of mine is in s&p 500. about 60 %. not even sure since i only check once a month and once a year i redistribute funds to keep a proper balance.

for example i have about 10% in precious metals and when that went crazy a couple years ago it was up to almost !5% of my total portfolio so i redistributed 5% to other sectors.

i keep some in a reit fund ( real estate ) and 25% in the international funds which has been performing pretty well. also have a small amount in other sectors like small cap companies, etc. research yourself to see how you should diversify for your age group.

it usually works that when one sector is down like the S&P then precious metals go up and kind of balance each other out. that is basically why you should diversify.

if possible , contribute the max and watch it grow. you also save a ton on taxes. we have close to a mill and it only took 20 years.

 

[IVE GOTTA PACKAGE 4U]

I've done nothing but make money on my 401k.

Sometimes it goes up,sometimes it goes down..I don't get too bent over it. I just keep adding to it.

 

[Cementups]

Sometimes it goes up,sometimes it goes down..I don't get too bent over it. I just keep adding to it.

The second you move it because it lost money, the next day that fund will shoot through the roof and you'd be pissed that you missed out.

 

[UpstateNYUPSer(Ret)]

The second you move it because it lost money, the next day that fund will shoot through the roof and you'd be that you missed out.

"Timing the market" rarely works out as intended.

 

[realbrown1]

That is the old link. The new one is:

www.retirement.prudential.com

Mine worked today.

And the OP asked for that site in their first post.

So why did it take you 3 posts to actually give it to them?

 

[Brownslave688]

Just wondering on the prudential site if there is a way to check the daily/weekly dollar amount in my 401k. Im able to see performance in % but don't know how to see how much I've gained or lost dollar wise. Just the other day it seemed like I was up quite a bit, but now it seems lower but can't access my previous account values. I'm invested mainly in the S&P mid cap blend

Don't get caught up on how it moves day to day.


Your quarterly reports are plenty.

 

[Brownslave688]

Well it just seems that in the past 6 months or so my current account value hasn't really moved much in any particular direction

Sometimes it'll even go down. The horror!!!!



Seriously though this is not a sprint it's a marathon.

 

[oldngray]

Sometimes it'll even go down. The horror!!!!



Seriously though this is not a sprint it's a marathon.

It's just imaginary money anyway until you cash it in.

 

[Brownslave688]

It's just imaginary money anyway until you cash it in.

http://www.investopedia.com/ask/answers/04/021204.asp

 

[Wally]

"Timing the market" rarely works out as intended.

I try to get there early. Get there around noon, and the deli is jammed!

 

[Jones]

I'm guessing you don't have a financial advisor / guidance overlooking your 401k investments?

They work wonders!

It's almost magical the way they lighten your wallet.

 

[brownmonster]

Some day you will drop 180k and do nothing and then gain 400k. I've seen it with mine own eyes.