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I can't tell you what my 401(k) did for me last Friday, but my 401(k) is up $25,000 (minus my max contributions) since this time last year. I'm not doing anything exotic, 75% Vanguard Index and 25% Pimco Bonds with an average expense ratio of 0.19%.
You are an idiot.
You wouldn't trust the Vanguard 500 Index? What, oh oracle of investing, would you trust then? Besides, read the article's title. This is investing for your 401(k) which is long term and your asset allocation should be set appropriate for your age and risk tolerance. Stay the course and stop trying to time the mark...more
Look, not everyone is going to be, or is meant to be, a millionaire. Each person or family needs to determine what amount of money is going to be needed for retirement. Examine your spending. Do you have an iPhone and data package and make $20K/year? What about a flat screen TV with DVR and the works? The gov't ha...more
How have politicians and corporations working hand in hand affected your ability to contribute to a retirement plan? YOU have control over your budget and YOU have control over what you can contribute.
I agree, your investment strategy is awful. The Dow was ~8100 three years ago and it is 12,731 today. But I'm glad you have all the answers about the future of the stock market.
Good luck with your cash!