Genesis

No, now is the time to unload all the positions you don't want to hold through the next leg down - which will be WORSE than this one was.

This rally is likely to hold up until right around FOMC.

All bets are off when the crackwhore market is disappointed by BenDover, and you can virtually bet that it will be.

curtpcol

Now I know why I missed you Karl !!!!!!!!!!!!!!!!!!!!!

bamasam

Karl the question is, for those typical blue collar worker types(myself) that have most of their money tied up in a company sponsored 401k plan , what steps should we take if any to maximize or at least protect what we allready have? I changed a lot of my contributions not too long ago and placed them into the standard investment 2015, 2025 plans which are supposed to be widely diversified. Any suggestions?

Mike aka FishWerks

Good forum

http://www.tickerforum.org/cgi-ticker/akcs-www

curtpcol

I'm not Karl and don't pretend to be . I think as long as your portfolio is diversified and you are comfortable with it let it alone and you will see in the long run you will make a lot of money. If you are uncomfortable with it I would suggest a good financial advisor and let him lead you in the right direction. Myself Iput money into a 401 k for 30 years and put as much as I could afford and was able to retire at 60 with no problem.My wife has been doing the same thing with hers and now she can see the benefits from leaving it alone and just let it build.

Bowed Up

http://www.funnieststuff.net/viewmov...841&id=696

Genesis

Bama, one of the problems with most 401ks is that the choices suck, especially at times like this. Ideally at times like this you want cash or VERY short-term treasuries. "Ordinary bonds" are a BAD choice in this sort of environment as if debt costs rise (e.g. Treasury yields, etc) you will get killed. Since they're historically low right now....

But, 401k plans typically don't HAVE that sort of choice. Oops.

On the other handthe employer match is literally free money. If they match dollar-for-dollar, you'd have to lose half to be underwater all-in, so heh....

My view on 401ks is that you make the best selection you can with the choices you have (which usually suck) up to the limit of the match, but no further. Beyond that contribute the maximum to an IRA, and if you STILL have free cash flow to invest, do so in a taxable account on your own.

bamasam

That has been my theory all along Karl is just staying with the company .50 match on 6 % of pay. We have a little leway with choices on different funds but most opt for the set year plans and let the investment company make the choices of what funds are included in with the package. It is not going to break me if I loose what I have in it but just for awhile I would love to see those numbers go UP!