I'm a pilot at FedEx and our stock has taken a 2 year bashing and it is ripe...they will make out big with this we have been leaving freight on the ramp at locations our aircraft are full. Delta, United, SWA...I think will rebound hard in the recovery. Recovery will be at an undefined time in the future. Transportation is a good place to look...risky but the Govt will not let them fail. I don't think this is the bottom either.
Reaction to today's stock market
- Thread starter Gunfighter14e2
- Start date
I’m with you. Throw Away money, and time
I’m small time compared to a lot of you guys. I’ve got a good amount (to me) invested in my 401k, just riding it out, and I’m not even worried about it. I’m looking to retire in 20 years, so While quick cash would be great, it’s not the goal. I’ve just never invested directly on my own, only sunk it into funds managed by someone else.
If I could invest some today, and I’m 3-5 years turn that into an AI, that would be cool, or just hold onto it and skim off dividends to either reinvest, or to supplement our income (or my fun fund), that’s great too.
again, just looking for some direction, and I appreciate all the advice you’re giving already.
I’m small time compared to a lot of you guys. I’ve got a good amount (to me) invested in my 401k, just riding it out, and I’m not even worried about it. I’m looking to retire in 20 years, so While quick cash would be great, it’s not the goal. I’ve just never invested directly on my own, only sunk it into funds managed by someone else.
If I could invest some today, and I’m 3-5 years turn that into an AI, that would be cool, or just hold onto it and skim off dividends to either reinvest, or to supplement our income (or my fun fund), that’s great too.
again, just looking for some direction, and I appreciate all the advice you’re giving already.
Ive been 401King since about 1996.
I have one with my old job, one with my new job.
Both had about equal amounts 6 weeks ago.
Both have taken a beating.
When this recovers, and it will, Ill be at the point I have to weight over to less risk.
One question for those who know.
Should I consolidate them now.
My old 401 is with a private company, my new is deffered comp with a public/gov entity.
Assuming I have to switch the old into the new.
Should I keep seperate?
I have one with my old job, one with my new job.
Both had about equal amounts 6 weeks ago.
Both have taken a beating.
When this recovers, and it will, Ill be at the point I have to weight over to less risk.
One question for those who know.
Should I consolidate them now.
My old 401 is with a private company, my new is deffered comp with a public/gov entity.
Assuming I have to switch the old into the new.
Should I keep seperate?
I’m buying companies that have have been around for awhile, have 3-5+ years of sideways trading but are now down over 80%.
Not interested in BA. Fuck them.
Not interested in BA. Fuck them.
As long as the old company is not in danger of going bankrupt and as long as the administrator of the account offers you solid investment vehicles, there is no need to move it. Personally, I like it all in one place as it is easier to monitor.
The old company is pretty solid but its a small construction business - 100-150 employees.
Anything can happen.
My fear with the other vehicle is its govt connection. What they see me put in it they can certainly grasp back a lot easier.
I do feel uneasy about the messiness of tweaking pressure on two balloons rather than just one.
Well...let me tell you a story
I was at a company once for a long time (~10 years) which is very rare for me. There was a change of management and I hated the top 2 guys so I left for greener pastures. 18 months after, the company went bankrupt. 600 million of revenue when I left and bankrupt 18 months later. The company went into receivership and assets were sold off. My 401K with them was administered by Fidelity. I decided about a month after the bankruptcy to consolidate my 401K into my IRA.
Fidelity says
"You can't access your money while the company is in receivership. Your money is safe and you will not lose it but you can't access or move it until the company gets through the court process."
I am like WTF...true story and perfectly legal. I now move assets when I leave a company
Not a Financial advisor, but you should be able to roll the old one in to the new one as cash tax free and hang on to it until you think this thing has bottomed out.
But I’d ask someone with actual credentials.
Thing about rolling now is I lock in my losses.
It will be something I do on recovery.......so Ill figure mid to late June
.Half full Motherfucker!
Half full!
I think the JETS ETF is interesting for this reason. Airlines are taking a pummeling, and logically to me it's going to rebound.
The world is so interconnected and airlines and aircraft play a huge role in that. Whether delivering people or cargo. I don't think Coronavirus is going to change that.
Many government employers offer 403(b) retirement accounts which you can roll over your private 401(k) into. There may be tax advantages to keep them seperate, however.
Yes those advantages are what I need real advice on.....
I mean you guys are geniuses and all but this is a gun forum.
Ill be back in a minute need to go make a post in the pit for some ideas on a medical problem Im having.
People with there 401k will do to there financial planner.
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Well we got the beer virus gap (green extended rectangle) filled tonight, haha. Should be interesting to see whether it gets accepted during NTH and we test the 3300-3010 GTH gap.
At the height of the Rona in March, I lost a good amount in my investments. I decided beforehand that I wouldn’t look at the numbers until the Rona fears calmed down. In June, I looked at the investments performance from Jan-Mar then from May-June. All the loses in March was replaced by the gains in the May-June timeframe.
This is the strategy I followed:
-Maximize Roth IRA
-If you can afford it maximize pre tax 401k type retirement account at work. Increase W2 allowance to offset the 401k contributions so that you end up bringing home almost the same net pay if you didn’t contribute.
- invest in growth stock mutual funds
25% low risk/ high cap
25% med risk/mid cap
25% high risk/small cap
25% international/global
I’ll adjust the high risk to med and low risk when I turn 50.
I’ve adjusted my investments once every 3 -4 years I think.
- research on which financial adviser to hire. This industry is heavily regulated to favor us for the most part.
Read the Total Money Makeover by Dave Ramsey.
If all the investments tank, its armageddon and thats when the AR’s & ammo come in. So it doesn’t hurt to have some(within your means), this is a gun forum after all.
“Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.”
This is the strategy I followed:
-Maximize Roth IRA
-If you can afford it maximize pre tax 401k type retirement account at work. Increase W2 allowance to offset the 401k contributions so that you end up bringing home almost the same net pay if you didn’t contribute.
- invest in growth stock mutual funds
25% low risk/ high cap
25% med risk/mid cap
25% high risk/small cap
25% international/global
I’ll adjust the high risk to med and low risk when I turn 50.
I’ve adjusted my investments once every 3 -4 years I think.
- research on which financial adviser to hire. This industry is heavily regulated to favor us for the most part.
Read the Total Money Makeover by Dave Ramsey.
If all the investments tank, its armageddon and thats when the AR’s & ammo come in. So it doesn’t hurt to have some(within your means), this is a gun forum after all.
“Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.”
I’m maxing the dollar amount of my work sponsored Roth 401K and putting a little more into another Roth IRA. I converted all my new investing to Roth last year, I see nothing but taxes going higher in the future regardless of my income level in 20+ years when I retire. I can’t afford to pay the conversion on all of my traditional 401K, so that gets to ride for now. I wouldn’t consider paying the conversion until my mortgage is paid off.
Dave Ramsey would be pissed at me right now. I’m doing most of what he suggests with the 15 year mortgage and no other debt, but I just took a loan on my new Ford Raptor. I put 1/3 down, will sell another vehicle for another 1/3, and should be able to debt snowball the rest in a year. Sometimes I have to live for today.
Dave Ramsey would be pissed at me right now. I’m doing most of what he suggests with the 15 year mortgage and no other debt, but I just took a loan on my new Ford Raptor. I put 1/3 down, will sell another vehicle for another 1/3, and should be able to debt snowball the rest in a year. Sometimes I have to live for today.
Life is a compromise. I'm in this for the long ride, but I also realize that two dollars tomorrow is worth far less than a dollar today if I don't live through the night.
I don't want to die broke. I don't want to die 18 months before my 67th birthday with millions of dollars tied up in a retirement account that I'll never enjoy and a head full of regrets about the good times that I missed. So aiming somewhere down the middle of those extremes makes sense. That sort of philosophy doesn't sell books or earn Instagram followers, so it doesn't look to be all that popular, but I'm guessing that it's agreeable to many people.
My wife and I use Dave Ramsey’s program. I am a contractor and have no retirement benefits, so we invest purely in real estate. I do have a small non-retirement investment account (25k) that I play the market with. The market isn’t something I like right now. My major position (80%) is uninvested.
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