#MGoMoney: The Market & Your 401K/Investments
The Bear has is awake it seems and he is pissed off.
Are you worried about your investments, not worried at all, have already cashed out, or happy that you can buy more at lower prices? Are you retired, close to retirement or a few years/decades away? What kinds of funds do you own in your 401k?
February 9th, 2018 at 4:54 PM ^
February 9th, 2018 at 5:13 PM ^
must be extra happy you're being nice to his ex-wife?
February 9th, 2018 at 5:15 PM ^
eckselent joke my man haha. i bet he is lol Go Blue!
February 9th, 2018 at 5:16 PM ^
February 9th, 2018 at 5:19 PM ^
LMFAOOOOOOOOOO, IT'S "USED TO". AND RIGHT UNDER MY COMMENT LMFAOOOOOOO
February 9th, 2018 at 5:22 PM ^
February 9th, 2018 at 5:30 PM ^
I ignored the "he" because it is a typo. I'm going to assess your grammar now, using your first post as an example.
"I am a couple decades away"
- Insert an "of" between "couple" and "decades".
"Can turn bad quick though"
-This is an improper sentence. It lacks a subject.
"Also happy to be getting extra hard earned money in my paycheck."
-You need to insert a dash in between "hard" and "earned".
-This is also an improper sentence without a subject. You should change the beginning to, "I am also happy to be...".
Grammar Level: 4th Grade
February 9th, 2018 at 5:39 PM ^
February 9th, 2018 at 5:46 PM ^
I'm just shocked that your grammar is that bad and you claim your 401k is "doing great". Where exactly did you invest?
February 9th, 2018 at 5:54 PM ^
February 9th, 2018 at 6:02 PM ^
February 9th, 2018 at 6:13 PM ^
February 9th, 2018 at 6:17 PM ^
February 9th, 2018 at 6:20 PM ^
lol you don't think the mods have access to our IP address??
February 9th, 2018 at 6:22 PM ^
February 9th, 2018 at 8:17 PM ^
February 9th, 2018 at 8:15 PM ^
As Assistant to the Executive Mod, I can tell you without doubt that even in looking at your information and the bullshit e-mail address and all that, I have no clue what your IP address is or where the hell you are from, but if you'd like to post that information, please feel free to do so.
February 9th, 2018 at 9:44 PM ^
February 10th, 2018 at 1:43 PM ^
February 9th, 2018 at 6:43 PM ^
February 9th, 2018 at 5:57 PM ^
February 9th, 2018 at 6:29 PM ^
Can't believe I am logging in to make this comment, but can't help myself.
"Can turn bad quick though"
-This is an improper sentence. It lacks a subject.
...actually, the subject is an implied 'it/the market/the investment'. That part of the sentence is proper. However, the adjective 'quick' should be the adverb 'quickly' b/c it is modifying the verb 'to turn'.
Only making this comment to point out the dumbness of Orlan. Would never have thought twice about the OP's post.
February 9th, 2018 at 6:35 PM ^
February 9th, 2018 at 6:37 PM ^
February 9th, 2018 at 7:50 PM ^
February 10th, 2018 at 3:38 AM ^
February 9th, 2018 at 4:53 PM ^
Hopefully a long way to retirement. Hence, not even looking at the account. Let it ride it out. Would love to buy some more funds at this down point.
February 9th, 2018 at 4:57 PM ^
Agree 100%...I think even when I retire I'm going to leave my money 100% in stocks. Calculating a 7% historical return of the stock market you have to leave it in stocks if you want an income stream for perpetuity.
February 9th, 2018 at 5:06 PM ^
man that's risky - I'd move at least 75% into bonds or something more stable if you're retiring. If you have $3 mill in retirement you can live off the stable 2-3% + pension + social security (it ain't gunna be around when i retire tho) while staying away from volatility
Just go into retirement completely debt free and you're golden
February 9th, 2018 at 5:25 PM ^
I'm debt free now...won't have 2 million based on my computations but a nice enough egg to draw a salary from without hitting the principle. I'm not worried about market fluctations since, even at retirement, I have a 10-30 year horizon.
BTW what's a pension? Most of us don't work for the government.
February 9th, 2018 at 5:26 PM ^
It all depends on your finances. I'm about 10 years away from retiring in my low 50s (pending any changes) and I intend to keep all of my money in stocks. If you need fixed income then you have to get out of stocks but if you have enough to be comfortable then you'll be fine. I expect to live off of passive income streams and I'll have no debt. I'll use cash on hand for big purchases but I don't intend to draw on it for monthly expenses, thus i intend to leave all of my liquid investments in stocks until I die and my children inherit it. If you have $1M and no pension or other income, then yes, you need to protect what you have and should probably pull a lot of it out of stocks.
February 9th, 2018 at 6:25 PM ^
most don't need anywhere near that. hell, at $1 million, you could take out $50k per year for 20 years, and that assumes zero interest. that doesn't even include social security. but that will be gone anyway down the road, especially if one has $1 million to draw upon.
February 10th, 2018 at 1:49 AM ^
February 9th, 2018 at 6:44 PM ^
February 9th, 2018 at 7:00 PM ^
February 9th, 2018 at 9:47 PM ^
February 9th, 2018 at 7:27 PM ^
February 9th, 2018 at 7:39 PM ^
February 9th, 2018 at 4:57 PM ^
February 9th, 2018 at 7:56 PM ^
February 9th, 2018 at 8:19 PM ^
February 10th, 2018 at 2:11 PM ^
February 9th, 2018 at 4:56 PM ^
February 9th, 2018 at 4:58 PM ^
as a PM and someone who manages a family office, my take is...this move was long overdue but is being exacerbated by the advent of volatily derivatives and program/algorithm trading. this move probably isn't complete yet but, if you have cash ear-marked for long term investments, start buying slowly...
February 9th, 2018 at 5:00 PM ^
I got stocks and cryptos, now is a great time to buy more of all
February 9th, 2018 at 6:00 PM ^
February 9th, 2018 at 6:21 PM ^
well shoot down to $80 billion then i guess. what a fool!
February 9th, 2018 at 7:08 PM ^