#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 ^
My 401k is doing great!! I am a couple decades away, but shit is looking good. Can turn bad quick though. Also happy to be getting extra hard earned money in my paycheck.
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 ^
Lol. Not quite, but that is funny. We actually golf together and it use to he awkward, but not too bad anymore.
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 ^
You missed my "he" also. Hard to type while cleaning out a shed. You are an epic troll. What is your reasoning for being so weird?
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 ^
It's cute you care that much.
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 ^
Why are you arguing with yourself?
February 9th, 2018 at 6:02 PM ^
am I looking forward to the "hide posts from this user" feature in the new site.
February 9th, 2018 at 6:13 PM ^
That wont stop guys like mb11. Once he sees no one responding to him, he'll log out and see that his posts are only visible to him when he's logged in, so he'll just create a new account.
And hey jackhammer way to feed that troll. That's what he is trying to make it look like. Mods can see where we are posting from and know im not him. Also i am not that dork you only live thrice guy either but whatever.
February 9th, 2018 at 6:17 PM ^
Um, no, the mods can’t do that. And who are you talking about? Yourself, again?
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 ^
Correct. I think Brian is the only one who does.
February 9th, 2018 at 8:17 PM ^
Yes and I consider him the mod of all mods
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 ^
Hey LSA, you should send test emails to everyone and kill any id that comes back undeliverable. That may solve some of our troll problems.
February 10th, 2018 at 1:43 PM ^
Every other internet forum has a block user option. Why hasn't this site done that? It's fucking 2018. This should be standard at this point. Instead we all have to get trolled by every douchebag who makes an account.
I'm leaving the site and withholding my donations until the moderators get this shit under control. It's not fucking worth it to deal with this stupid shit. I would recommend everyone do the same.
February 9th, 2018 at 6:43 PM ^
No shit. As shown, these dedicated douche canoes derail discussions before they even begin.
February 9th, 2018 at 5:57 PM ^
Hopefully not a U of M alum
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 ^
Implied subjects are used with commands, such as “Go to the park.”.
February 9th, 2018 at 6:37 PM ^
Logging out now. Password is 123456.
February 9th, 2018 at 7:50 PM ^
Tampa 2 = douche. My 401k is just fine and I don’t golf. I don’t disagree that it’s the most challenging, but what a boring activity.
February 10th, 2018 at 3:38 AM ^
My MGoPoints is doing great!! I am more than a couple hundred autonegs away from wiping out all Tampa 2's points (and the points of all his other accounts), but shit is looking good. He can turn good threads bad quick though. Also would be happy if I could turn my extra 70,000+ hard earned MGoPoints into cash or a paycheck.
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 ^
Yes I guess $1 million would be enough if you want to retire at age 75 and live off breadcrumbs because of inflation and ever rising healthcare costs, especially for someone age 75
February 9th, 2018 at 6:44 PM ^
You guys are making this way too complicated. Just do what I did and you'll be fine. It's guaranteed to work every time. I'm even writing a book about it. It's called the Evenyoubrutus 4 step process to retirement planning.
1. Marry, a rich, successful sugar mama
2. Don't be a fucking asshole and cheat on her
3. Retire on your yacht together
4. Profit, or something
February 9th, 2018 at 7:00 PM ^
Finally, someone on this board who understands me...
February 9th, 2018 at 9:47 PM ^
Hey Brutus, your wife is watching the Olympics from my couch. She says hi.
February 9th, 2018 at 7:27 PM ^
Pension?
February 9th, 2018 at 7:39 PM ^
Income producing property like apartments/retail. Commercial real estate is a hybrid of stock (equity) and bond(return). Helps to have passive income
February 9th, 2018 at 4:57 PM ^
Indeed. Guy is a genius. Saw him on cnn money not too long ago and he was very intriguing.
February 9th, 2018 at 7:56 PM ^
Hell yeah. That’s where my username comes from.
February 9th, 2018 at 8:19 PM ^
Hey the Vanguard logo. How appropriate
February 10th, 2018 at 2:11 PM ^
Gets it
February 9th, 2018 at 4:56 PM ^
21% yield last year, obviously a shit start to the year so far but it’ll be okay. Gotta ride it out
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 ^
I saw Buffett lost 5 billion the other day when the market tanked.
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 ^
Buffett’s 2013 Berkshire Hathaway letter to investors recommend a 90% stock index fund and 10% short term govt bonds for his wife’s investments should he pass. I have seen some Monte Carlo analysis where they look at this over a vast span of the market and compare it with other distributions (+/- at 10% increments from 100 to zero). Buffet hit the sweet spot but 80/20 & 70/30 aren’t bad either. The bigger risk is too much in short term bonds as those portfolios went bust in the analysis. Invest early and often and stay the course through retirement.