Stock Price Question

[Polar742]

On a side note, I checked my 401K about a little over a year ago. It wasn't pretty. I decided at that moment that it couldnt get much worse, so I made a risky bet. I had just passed my 5 year mark with the company, upping their contribution to 4% dollar for dollar match, I upped my contribution from 2% to 9%, for a grand total of 13%. Not only did I recover everything I lost in that short span, but my portfolio is back up 28% before the fall. I am now thinking I'm going to wind back down to a reasonable 5% contribution.

I throw the full 15 in there. If people are winding it up now, it's too late, because I think the value is getting priced out of the market.

If there is an OCT/NOV dump, it'd be a good time to dive in.

I have a stand alone IRA that has pretty much recovered the losses I took when the market took a dump out of 13k.

You can't win if you don't play.

Be disciplined and be diversified.

 

[derg]

Both of you two also can't hold your alcohol so will probably be passed out by 9:00 PM

I'm going to bring something special for you then.

 

[jhugz]

We just got word from the big wigs that our 401k guy is coming in to talk to us. Management is going to pay the 3% because they think they would have to due to law. They said if the law is not there they will be matching 0%. It's not like we get paid enough to put money into a 401k anyway.

:banghead::banghead::banghead:

 

[Ian_J]

I throw the full 15 in there. If people are winding it up now, it's too late, because I think the value is getting priced out of the market.

If there is an OCT/NOV dump, it'd be a good time to dive in.

I have a stand alone IRA that has pretty much recovered the losses I took when the market took a dump out of 13k.

You can't win if you don't play.

Be disciplined and be diversified.

I agree to put 15% away for retirement - but I'd suggest only fund your 401k up to your company match, then put the rest in an IRA.

 

[bike21]

Talking of 401(k) matches in our industry makes me sick. My wife's company puts 15% of her salary into her 401(k) regardless of employee contribution. Her 401(k) value has surpassed mine in short order needless to say. Can't wait for my whopping 4% match next year :rotfl:

 

[kellwolf]

Can't wait for my whopping 4% match next year :rotfl:

Trade ya. For every dollar I put in, the company will put in a quarter up to 5%. So, we get 5%, but it's not even close to dollar for dollar.