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Curious 1

United States

#1 Feb 17, 2013
I was wondering if a 401k is really worth having? Is there any risk to loosing your money?
guest

Jonesboro, AR

#3 Feb 17, 2013
Curious 1 wrote:
I was wondering if a 401k is really worth having? Is there any risk to loosing your money?
It looks like you are considering the risk and would probably not wish a bad thing on somebody else who has a 401k.
If you do put money into stocks and bonds by going through one of the mutual funds that is involved with your company's 401k then consider putting that money into an actively managed mutual fund that is spread across a broad variety of different types of stocks and bonds (there are actually bonds called TIPS where the interest rates received on the bonds adjust with the inflation and interest rates set by the federal reserve). That way the diversification minimizes your risk.
Again, ACTIVELY MANAGED mutual that are managed by people who know what they are doing. The mutual fund will say whether it is actively managed or not and legally has to disclose the fund's fees to you. Fees are usually less than 1 percent and actively managed mutual funds will have a fractionally higher fee percentage wise but that slightly higher fee for active management versus inactive management is worth it.
Actively managed fund managers will trade when they feel the need to take profits in some positions that have gained and either put that money into cash or into other positions that are attractively in price. In other words they know when to buy low and sell high.
Non managed funds will charge you a next to nothing fee but they just follow market sectors or indexes and put your money into positions of that index or sector and let that money sit in those positions for years and if their ever is a crash then yes you will experience a loss right along with the loss in the entire stock market in general.
Good luck and thank you for your concern about many others who have money in 401ks. God bless.
guest

Jonesboro, AR

#4 Feb 17, 2013
Curious 1 wrote:
I was wondering if a 401k is really worth having? Is there any risk to loosing your money?
Loosing your money? Loosing? Oh, Loosy.....you got some 'splaining to do!
guest

Jonesboro, AR

#5 Feb 18, 2013
guest wrote:
<quoted text>
Loosing your money? Loosing? Oh, Loosy.....you got some 'splaining to do!
Come on now. Everybody makes honest mistakes. This person is just asking about it. Take it easy on them.
guest

Jonesboro, AR

#6 Feb 18, 2013
Curious 1 wrote:
I was wondering if a 401k is really worth having? Is there any risk to loosing your money?
One thing i forgot to mention is that a mutual fund is divided into two parts unlike the stock price of a single company. The price and value of a mutual fund is divided into shares of the mutual fund itself which are called the NAV or net asset value of the mutual fund. The NAV price is how you buy into shares of the mutual fund itself and the NAV share price hardly budges in price either way in comparison to the movement of stocks all across the stock market.
What really fluctuates in price are the shares of all the different companies that the mutual has put your money into. When the mutual fund gets gains from all those different shares then it has to pay out those gains to you in the form of a capital gain and that capital gain is used to buy more NAV shares of the mutual fund itself. Mutual funds usually pay out these capital gains to you on a quarterly basis and will show up as a capital gain purchase of NAV shares transaction. But of course the opposite can happen and the mutual fund could experience a loss from all of it's holdings and will have to sell your NAV shares to cover your loss you experienced in the mutual fund. This is a bad transaction that shows up red in color with a minus sign in front of the transaction. This is a bad thing to see.
guest

Jonesboro, AR

#8 Feb 18, 2013
Curious 1 wrote:
I was wondering if a 401k is really worth having? Is there any risk to loosing your money?
But if you are asking if a company that you work for can take from the 401k plan's mutual funds that the company uses as it's 401k plan then the answer is no and that would be highly illegal on the company's part and somebody in that company will face federal charges against them.
The mutual funds that work with a company's 401k are usually from a highly reputable mutual fund family like the Fidelity or Vanguard group and is separate from the company itself that you work.
If you are worried about the company you work for stealing your money that you put into a 401k and if it makes you feel safer, then you can open up an IRA retirement account on your own through any brokerage firm. An IRA is also a retirement account that deals with mutual funds.
AntiKoolAidDrink er

Springdale, AR

#9 Feb 19, 2013
Obama and his globalist bankster controllers are going to decimate 401K accounts.

Take the 10% hit now.

You have been warned!
Anti Obama

United States

#10 Feb 19, 2013
AntiKoolAidDrinker wrote:
Obama and his globalist bankster controllers are going to decimate 401K accounts.

Take the 10% hit now.

You have been warned!
Actually it's more than 10% for some.
AntiKoolAidDrink er

Springdale, AR

#11 Feb 19, 2013
Anti Obama wrote:
<quoted text>
Actually it's more than 10% for some.
If it is less than a 100% hit you will be better off.
Guest

Alexander, AR

#12 Feb 19, 2013
Obama is scheming right now on how to get his hands on all that 401K money and give it to the lazy folks who don't work. If you have anything in your 401K get it out no matter what it costs before Obama gets it!
Randy

Alexander, AR

#13 Feb 19, 2013
Guest wrote:
Obama is scheming right now on how to get his hands on all that 401K money and give it to the lazy folks who don't work. If you have anything in your 401K get it out no matter what it costs before Obama gets it!
Thanks for the advice! Going to talk to HR tomorrow and get my money out before that black basturd takes it. Going to let the other guys at work know too. Thanks again for the tip!
guest

Jonesboro, AR

#14 Feb 21, 2013
Guest wrote:
Obama is scheming right now on how to get his hands on all that 401K money and give it to the lazy folks who don't work. If you have anything in your 401K get it out no matter what it costs before Obama gets it!
And i assume that you are not one of the lazy folks who is not just antagonizing the hard working people who have put back their hard earned PRIVATE money into a 401k for retirement after years and years of hard work. Obama might scheme his way into taxing money that has been put into a 401k since that money has not been taxed yet but it will no longer be considered a 401k retirement account from that point on which encourages workers to put back for the benefit not only for themselves, but also for the benefit of all the very large financial institutional mutual funds which is why i think that financial institutional mutual funds would legally battle against Obama on this.
guest

Jonesboro, AR

#15 Feb 21, 2013
Randy wrote:
<quoted text>
Thanks for the advice! Going to talk to HR tomorrow and get my money out before that black basturd takes it. Going to let the other guys at work know too. Thanks again for the tip!
You can get it all out right now if you want to. Just file for a hardship withdrawal but you will be taxed and penalized on all of that money that is withdrawn before retirement age. You should have put your money in a regular non retirement mutual fund if you was just going to want to take it back out whenever you want.
guest

Jonesboro, AR

#16 Feb 21, 2013
AntiKoolAidDrinker wrote:
<quoted text>
If it is less than a 100% hit you will be better off.
Actually i have heard that Obama is going to put an end to the all the government retirement checks on those who are ex government officials like retired military officials for example in order to help cut the budget against the national deficit KoolAid round dude.
guest

Jonesboro, AR

#17 Feb 21, 2013
AntiKoolAidDrinker wrote:
Obama and his globalist bankster controllers are going to decimate 401K accounts.
Take the 10% hit now.
You have been warned!
Actively managed mutual funds who invest your money know when to buy and when to sell. When to go long and make money on gains and when to go short and make money on losses. Get active KoolAid round dude.
guest

Jonesboro, AR

#18 Feb 21, 2013
Anti Obama wrote:
<quoted text>
Actually it's more than 10% for some.
I'm sensing that some of you are wanting some hard workers to lose money in a 401k. Why wish something so bad on hard workers?
Randy

United States

#19 Feb 22, 2013
Yep I got my check today! That black [email protected] took a big chunk of it but he didn't get it all! Had to leave the company match too which kinda sux, but I got almost $700! Going to buy the biggest gun I can afford and just wait till those goverment dicks come to try and take it!
Told you so

United States

#20 Feb 22, 2013
Randy wrote:
Yep I got my check today! That black [email protected] took a big chunk of it but he didn't get it all! Had to leave the company match too which kinda sux, but I got almost $700! Going to buy the biggest gun I can afford and just wait till those goverment dicks come to try and take it!
I wonder if those dead head Obama supporters realize they were suckered by the messiah.
Randy

Alexander, AR

#21 Feb 22, 2013
He!l no they have no ideal! They think he is for the common man but he is the most arrogant piece of shat to ever walk the earth and is looking out for one person....himself. All he wants to do is play golf with Tiger and fly around the country bragging about all the great things he did!
guest

Jonesboro, AR

#22 Feb 22, 2013
Randy wrote:
He!l no they have no ideal! They think he is for the common man but he is the most arrogant piece of shat to ever walk the earth and is looking out for one person....himself. All he wants to do is play golf with Tiger and fly around the country bragging about all the great things he did!
The 'common' poor people that he says he is for is not anybody here in America. The 'common' poor people who he is thinking of when he is talking about being for the 'common' poor person are the people in 'third world' countries. He is not for anybody here in America no matter their race or gender. The entire U.S. population is wealthy in his eyes in comparison to those 'common' poor people in the 'third world' countries and his goal is to bring up those 'third world' countries at the expense of our nation. Think about it. Since day one in office he preached about spreading the wealth but just how many American poor pockets has he benefited? None. His idea of spreading the wealth is to spread the entire wealth of the United States over to every 'third world' country. Those countries are the ones he really stands for, not ours.

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