I am 51, I Have 345K in my 401K. Too late after The Market Dropped, and I Took It To The Moved it 'safe' stable value. Now, months after The Market has gone back up, I'm sitting down to figure out WHERE to put the money and I really Have No Idea. JP Morgan says 68% Should Be in stock, I do not even know Which ones are stocks. Here are my choices:
JPMorgan Stable Value
PTTRXPIMCO-Total Return Inst
Century Inflation-Adjusted ACITXAmerican Bond-Inv
Balanced Funds RLBFXAmerican-R5
DODGXDodge & Cox Stock
FCNTXFidelity Contrafund
Barclays Global Inv S & P 500 Equity Index-Q
RMCVXRiverSource-Mid Cap Value R4
RPMGXT Rowe Price Mid Cap Growth
NBGIXNeuberger Berman Genesis-Inst
Small Cap Value Portfolio TASVXTarget
JDSCXJPMorgan Dynamic Small Cap Growth-Select
RERFXAmerican Funds EuroPacific Growth-R5
STLAXBarclays Global Inv LifePath Retirement-I
STLBXBarclays Global Inv LifePath 2010-I
STLCXBarclays Global Inv LifePath: 2020-I
STLDXBarclays Global Inv LifePath: 2030-I
STLEXBarclays Global Inv LifePath: 2040-I
What the heck should i do? Risk info? Well, I Was ugly off in March 2009, we owe 300K 1mil home, have 2 kids Aged 8 and 10 (one special needs) and year Adoring wife. Needs are simple, Just Pay The Mortgage and Affordable insurance and groceries. I Would Like the 401K to grow, I Do not Want Much Risk, And The Growth Is Too Safe stable slow.
Nada Windham says...
You've done the exact opposite of what you should have done like many individual investors. While the market was riding high you were buying stock funds like crazy. The market crashed so you sold out. Bought high, sold low. Absolutely crazy. And now that the market has run up, you missed the boat and want to buy high again after which if the market crashes again, you'll most likely sell again, not having learned anything from your past experience. So what kind of advice to give a person like you? Pick a diversified set of mutual funds and leave it alone.
I will give you one little tip. Obama's crazy spending and socialistic policies will eventually crash our dollar. Investing in gold stocks and other natural resources, oil, gas, metals, etc. will do good in the long run if you buy my scenario. Good luck.
Posted on October 27, 2010
