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Joined: Feb 2013
Posts: 6,457
Campfire Tracker
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OP
Campfire Tracker
Joined: Feb 2013
Posts: 6,457 |
I was at my companies retirement advisor a couple months ago. At that time stock took a dump and the goof wanted me to shift everything into low yield. He said it would not make a difference in the long term.
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Joined: Jan 2001
Posts: 10,970
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2001
Posts: 10,970 |
I’m not in high risk stuff, so don’t make the big bucks in a strong bull market.....but I’m pretty darn happy the way the market has performed since my retirement in September of ‘16! Ours is a blend of stuff, from stocks to bonds, domestic to foreign! memtb
You should not use a rifle that will kill an animal when everything goes right; you should use one that will do the job when everything goes wrong." -Bob Hagel
“I’d like to be a good rifleman…..but, I prefer to be a good hunter”! memtb 2024
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Joined: Nov 2002
Posts: 33,743 Likes: 5
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,743 Likes: 5 |
I’m not in high risk stuff, so don’t make the big bucks in a strong bull market.....but I’m pretty darn happy the way the market has performed since my retirement in September of ‘16! Ours is a blend of stuff, from stocks to bonds, domestic to foreign! memtb
Ditto.
Conduct is the best proof of character.
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Joined: Dec 2002
Posts: 25,938 Likes: 7
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 25,938 Likes: 7 |
Prudential states my 401k has increased 11% since Jan 01, 2019. Someone is doing something right.
People who choose to brew up their own storms bitch loudest about the rain.
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Joined: Dec 2003
Posts: 86,271 Likes: 25
Campfire Oracle
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Campfire Oracle
Joined: Dec 2003
Posts: 86,271 Likes: 25 |
How did it do in December?  It’s doing good now, but there are no guarantees.
If you take the time it takes, it takes less time.
--Pat Parelli
American by birth; Alaskan by choice.
--ironbender
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Joined: Feb 2007
Posts: 11,781
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,781 |
I was at my companies retirement advisor a couple months ago. At that time stock took a dump and the goof wanted me to shift everything into low yield. He said it would not make a difference in the long term. You need a new investment advisor, pronto.
NRA Patron
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Joined: Nov 2005
Posts: 3,140
Campfire Tracker
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Campfire Tracker
Joined: Nov 2005
Posts: 3,140 |
The idea is to keep as many suckers into the Ponzi scheme as long as possible before it dumps.
Feel the Bern in your wallet.
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Joined: Dec 2002
Posts: 25,938 Likes: 7
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 25,938 Likes: 7 |
How did it do in December? It’s doing good now, but there are no guarantees. I lost a good share, over 50% after 9/11, and watched it slowly grow back over several years. But got nervous just before the last recession and dumped the whole thing into "Stable Value Fund". So I weathered that period in good shape. Then stuck it all back into growth funds just as the tide turned, so it has done well over the last several years. I will probably shift the entire balance back to "Stable Value" just before the 2020 election and see how our Mr Trump does.
People who choose to brew up their own storms bitch loudest about the rain.
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Joined: Apr 2012
Posts: 1,835
Campfire Regular
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Campfire Regular
Joined: Apr 2012
Posts: 1,835 |
I would find a new advisor pronto.
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Joined: Apr 2005
Posts: 3,764
Campfire Tracker
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Campfire Tracker
Joined: Apr 2005
Posts: 3,764 |
Ponzi scheme? It must be a damn good one then if you look at returns since 1925. I am in it for the long haul.
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Joined: Feb 2013
Posts: 6,457
Campfire Tracker
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OP
Campfire Tracker
Joined: Feb 2013
Posts: 6,457 |
I would find a new advisor pronto. I am locked in TIAA until I turn 59.5. I just went to see when I could retire early. In my opinion all of his advice was for his interest, not mine. He was a BSer, for sure. There was no reason to sell in a dip when I have years to find a peak. Lowest unemployment in 50 years is a good sign. I can ride out my current 1/3 conservative investments for 10 years, so a knee jerk reaction was uncalled for.
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Joined: Mar 2013
Posts: 1,570
Campfire Regular
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Campfire Regular
Joined: Mar 2013
Posts: 1,570 |
Its Trumps fault 
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Joined: Aug 2003
Posts: 2,086
Campfire Regular
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Campfire Regular
Joined: Aug 2003
Posts: 2,086 |
The idea is to keep as many suckers into the Ponzi scheme as long as possible before it dumps. Ya,I got that money chit buried out in the back yard in mason jars.One can NEVER be to careful.LOL.
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Joined: Jan 2009
Posts: 23,319
Campfire Ranger
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Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
The idea is to keep as many suckers into the Ponzi scheme as long as possible before it dumps. 
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Joined: May 2008
Posts: 25,528 Likes: 4
Campfire Ranger
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Campfire Ranger
Joined: May 2008
Posts: 25,528 Likes: 4 |
My wife is 45 and I’m 48 so we have a while before we retire but we’ve got a blend of about 60/40 stocks to bonds. No high risk just the maximum contribution to the 401k with company matching. We’ve got mostly Vanguard S&P 500 and a little in a similar very low cost Putnam tracking fund. We also have an ever increasing number of shares in company stock. We’re in it for the long haul and have been since we started 20+ years ago.
In 5 years when the last child is in college mom and I will work less and travel and enjoy each other even more, traveling and spending time up north.
�Politicians are the lowest form of life on earth. Liberal Democrats are the lowest form of politician.� �General George S. Patton, Jr.
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~Molɔ̀ːn Labé Skýla~
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Joined: Nov 2002
Posts: 33,743 Likes: 5
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,743 Likes: 5 |
Ponzi scheme? It must be a damn good one then if you look at returns since 1925. I am in it for the long haul. Yep.
Conduct is the best proof of character.
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Joined: Feb 2009
Posts: 11,920
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2009
Posts: 11,920 |
The last 2 quarters we were up about 17,000 and change per quarter.
It all depends on where you put your funds.
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Joined: Aug 2009
Posts: 1,994
Campfire Regular
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Campfire Regular
Joined: Aug 2009
Posts: 1,994 |
Ponzi scheme? It must be a damn good one then if you look at returns since 1925. I am in it for the long haul. Yup, Me too!.
lightman
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Joined: Jan 2009
Posts: 23,319
Campfire Ranger
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Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
My wife is 45 and I’m 48 so we have a while before we retire but we’ve got a blend of about 60/40 stocks to bonds. No high risk just the maximum contribution to the 401k with company matching. We’ve got mostly Vanguard S&P 500 and a little in a similar very low cost Putnam tracking fund. We also have an ever increasing number of shares in company stock. We’re in it for the long haul and have been since we started 20+ years ago.
In 5 years when the last child is in college mom and I will work less and travel and enjoy each other even more, traveling and spending time up north. Sounds like a plan for success. You are probably ahead, financially, of 80% of your working peers
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Joined: Apr 2011
Posts: 151,786 Likes: 17
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,786 Likes: 17 |
I pray it stays that way through the 2020 election
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