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choosing retirement stocks

September 30th, 2009 at 09:38 pm

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.

2 Responses to “choosing retirement stocks”

  1. TampaBayYankee Says:
    1254348713

    My comment is totally off topic, but I had to thank-you. A little while ago I posted a topic in the message boards asking if anyone new of places looking to hire customer service reps in Tampa and you advised about Club Z. My husband got a job there as an associate program manager, he started this Monday and so far is chuffed with the job.

    So thank-you sooooo very much! I am sure you understand what a gift your advice was for us in these times.

  2. baselle Says:
    1254376721

    If you are 100% in stocks (no bonds, no cash), you're not that cautious. Smile

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