cdaigle430
Veteran Member
I am going to hold steady for a little while longer
401k Owners !!
- Thread starter RSKY
- Start date
- Views: 3588
3Ts
Elite Member
Oh, I don't know, crossing the street is RSKY also. :laughing:
I've been watching RSKY's posts and his advice seems pretty good to me. I was unaware of this forum when I started out in investing. For that matter, I was investing before I ever got a computer, yet I've been doing the same kinds of things he's been doing and it's turned out well for me.
TXHF
Silver Member
It's only a loss if you move investments or cash in. Loss is on paper... it will come back. Whatever the panic, the crisis will be over. I've been riding it out for years and am well ahead of my planned retirement. 
Having a beer and not thinking about it...
Having a beer and not thinking about it...I don't feel comfortable taking investment advice from a guy named RSKY.
I don't blame you. I hardly ever take my own advice. At one time I thought about changing my name to RiSKY but it was too hard to type.
I guess it could have been what my wife calls me but then it would be ******* all the time.
RSKY
The best investment advice I have ever received is something I have not done. It was when in your twenties put 80% in higher risk growth funds and 20% in value funds. When you hit thirty change the percentage to 70/30. Do this at age 40,50,60 and so on. I have not done that but would probably been better off if I had.
RSKY
RSKY
NorTracNY
Platinum Member
I've heard this before. It's pretty good advice, but really doesn't make sense to me. You should be fully aggressive until you're close to retirement. I don't think there should be any different between 20s and 30s. For those that aren't planning on early retirement even the 40s should be the same as the 20s and 30s. 10-15 years before retirement is when I believe you should start to adjust.
There have only been 2 10year spans where the market did not increase. In those 2 cases, they were ahead in year 11. I also keep the philosophy that if the market is down, those that have a lot more money than me are hurting more than I am. As mentioned, the people that get into trouble are those that borrow too much.
I think this advice was for people who look at their funds once a year or so. Somebody who keeps up with it better can do better. But the ones, like I was at first, who never look would be better served by this.
Plus that advice was probably before the internet made instant access to the market and trading.
Still for some people this would be good advice.
RSKY
NorTracNY
Platinum Member
All true and I'm not like others. I have no trouble separating out my emotions from the financial planning (primarily because of the philosophy mentioned before). I would be fine dealing with a crash when out more than 10 years out from retirement. I know a lot of folk think losing 100K in worth in a week would kill them even though they don't need the money and know it'll come back. Study after study have shown that people lose out when they try to time. They sell late and buy even later.