Well I have had a retirement 401k account for 2 weeks now. I have lost .27 so far.
I was checking the account because I was getting a head start on my monthly net worth stats. I was having trouble opening the website and asked a coworker (CPA) to help me. He saw my pie chart of all my stocks that I chose and cautioned me they were all very very safe. I guess I am in mostly mutual funds.
I must tell you I had no method to my madness when setting up the account. I was presented with a list of 3 catagories (agressive/moderate/cautious) consisting of about 15 stocks to choose from for each catagory. I decided to go moderate and chose 8 different stocks and alloted somewhere between 10-15% to each stock.
I never really looked up the stock- what it did- or anything. I knew I wanted variety so I got some foreign stuff in there.
Now my co-worker warns me I am being very cautious. In this market I am ok with that. I dislike losses more than I like gains. I still think another big stock crash is coming...a loss of .27 is okay by me.
We'll see how I do next month.
choosing retirement stocks
September 30th, 2009 at 09:38 pm
September 30th, 2009 at 11:11 pm 1254348713
So thank-you sooooo very much! I am sure you understand what a gift your advice was for us in these times.
October 1st, 2009 at 06:58 am 1254376721