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The Water Cooler
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401k contribution - Yay or Nay
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<blockquote data-quote="ifishok" data-source="post: 3889516" data-attributes="member: 2230"><p>Since the beginning of the year I lost about 10% of my IRA and 401k, I knew when creepy old Joe was placed into office 2 years ago things would change in the market. How they changed was a mystery, I moved things around and the 401k after taking some hits is in a cash only type of fund now, still getting the company matching up to 6%, but not losing lots of money, and not making lots either. Staying there for a while because I think the market is going down more. </p><p></p><p>As far as my IRA, that’s a hit and miss strategy, right now I’m in energy mutual funds and they been doing pretty good with all the world events. Defense funds may be a good investment, but not seeing right now. Most tech stock is a bad investment right now, even though they are low, I believe they will go lower before they get better. These are my thoughts only, not advice other than take the matching funds from your employer.</p></blockquote><p></p>
[QUOTE="ifishok, post: 3889516, member: 2230"] Since the beginning of the year I lost about 10% of my IRA and 401k, I knew when creepy old Joe was placed into office 2 years ago things would change in the market. How they changed was a mystery, I moved things around and the 401k after taking some hits is in a cash only type of fund now, still getting the company matching up to 6%, but not losing lots of money, and not making lots either. Staying there for a while because I think the market is going down more. As far as my IRA, that’s a hit and miss strategy, right now I’m in energy mutual funds and they been doing pretty good with all the world events. Defense funds may be a good investment, but not seeing right now. Most tech stock is a bad investment right now, even though they are low, I believe they will go lower before they get better. These are my thoughts only, not advice other than take the matching funds from your employer. [/QUOTE]
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