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veguroev 08-05-2007 01:35 PM
401 K question
 
Is it better to diversified you 401 k or is it better to keep everything in just one place? I had everything in place, but last week someone advice me to diversify, but I don't know if I made the right choice. :confused:

jp4m2 08-05-2007 01:41 PM
I don't have all my eggs in one stock or mutual fund, it's broken up into 5 places...that way if one does bad the basket still contains eggs...so to speak...:)

char7 08-05-2007 02:21 PM
Diversify!!

pea496 08-05-2007 02:36 PM
Diversify. I have a small portion going to a guaranteed interest account.

dbeach 08-05-2007 04:29 PM
I assume you mean you have a 401k plan thru your employer. Ask your employer (or whomever your employer has handle your plan) to give you the investment options within the plan and also ask them how each fund has performed year to date, month to date and since the market has been extremely volitile, week to date). I would then ask someone with a bit of knowledge to help you with your choices.

veguroev 08-05-2007 04:45 PM
Quote:
Originally Posted by dbeach (Post 1287161)
I assume you mean you have a 401k plan thru your employer. Ask your employer (or whomever your employer has handle your plan) to give you the investment options within the plan and also ask them how each fund has performed year to date, month to date and since the market has been extremely volitile, week to date). I would then ask someone with a bit of knowledge to help you with your choices.
Yes, It is thru my employer. I work for a big bank, so they have different investment options. I went with the one that hubby told me since he is more knowledgeable about those things. He checked the history and the option he gave me which is Europacific has done really well for the last 5 years. Last week I was talking to one of the financial consultants about 401 k and somehow the conversation led to the investment options. I told him that I had everything in Europacific and he told me that it wasn't a good idea to do so, cause you loose everything so he recommended a few other options and showed me the history pf those options, so I thought it was a good idea, well, when I told hubby he told me that my money is not going to grow maybe as fast as it was growing, so that made me have second thoughts. I think he just looked at the fact that my money was growing really fast investing it in only place.

For My Coby 08-05-2007 04:58 PM
Diversify! Ask your HR people at work to give you your 401k contact and they can help you diversify correctly. It also depends on your age how much risk you need to be taking (younger = more risk and higher returns; older = less risk, lower more dependable returns).

Good Luck!

tjdmom 08-05-2007 05:20 PM
I also diversify and have always been told that's best.

ChestersMom 08-05-2007 05:31 PM
Remember Enron? It can happen to anyone at any time. I agree with the previous post - don't put all your eggs in one basket.

veguroev 08-05-2007 05:54 PM
Thanks ladies,
Ya'll comments are making me feel better:)


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