"Jim" wrote in message
m...
nom=de=plume wrote:
"Jim" wrote in message
...
Jim wrote:
wf3h wrote:
On Oct 12, 11:40 am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some control
of
your 401. You might look at fixing that instead of blaming the
boogyman.
i did have control. i did what the right wing said to do: trust the
rich.

my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Excuse me. Who lost nearly half of his portfolio? Not me.
1/3 here. I wasn't quick enough to move it.

In hindsight, when Bush made that speech a year ago, where he
said,"Because of my incredibly bad leadership, you are all ****ed," I
should have moved it right then.

I remember being amazed at that speech. I've never heard a president
panic the stock market as bad as that. I should have known what the
effects would be.

We were all taught the best tactic was to make your choices based on the
long term, don't move it around very often.

Following that advise makes it my fault I lost.

All the bitching about Obama's economy makes me wonder if anyone was
paying attention to the last 8 years.


My portfolio went down about 30%, but I didn't panic and basically
stopped looking. I finally checked last month, and I was about $200K. I
believe in dollar cost averaging, so I figured I'd be ok. I've been using
that strategy since I started earning money.


I'll second everything you said.

I now know that I should actively manage my 401, daily. Long term, yes,
but watching for a president that panics people is more important. A
financial planner I saw told me I should invest according to my risk
tolerance. Duh.

I keep moving my risk from about 6% to 30% and then back again. I'd like
to risk more, but am unsure, now, exactly how to do this managing. It was
all so much easier until a year ago when we all were hit in the face with
the realities of what can happen.

Thankfully I took personal finance in college and learned some things. I
feel badly for those who didn't attend college or didn't learn from
personal finance courses.

Those are the guys deeply in debt and can't figure out what to do about
it.


I actually don't believe in the daily management of investments. I look
once, maybe twice a quarter. If see something is out of wack with my
long-term plan, then I adjust accordingly. Otherwise, I'm loath to do
anything or make a change. The biggest loser in my portfolio is my real
estate mutual fund. But, there's no reason to panic about it. It'll come
back eventually. It really depends on how long you have. If you're in the
later part of your working career, then you should slowly but deliberately
be moving toward a lower-risk mix of stocks, bonds, and real property. In my
case, I have (I'm hopeful) 20+ years before I'm in the later part. I have a
pretty volitile mix, but I can stand it if I don't look too much. lol

I have a friend who has her stuff "managed" by Fidelity's program. She's
doing fine, but giving up a few percent so she doesn't have to do anything.
I'd rather do it myself (you can follow their advice without having to pay
for it with just a tiny bit of research) and save the percent.

--
Nom=de=Plume