safest retirement plan?

2008-11-08 02:14:19

#1

Ridir: Semper Fi!; +48|7068

Disclaimer: this is for the time being until the market settles and we can reinvest

Instead of putting money into a 401k like I do now I was thinking about reducing it to the smallest percentage possible and instead investing 15% of my paychecks directly into a savings account. Once the markets stabilize invest them evenly in both domestic and foreign stable stocks. Since the US FED says you can have 280k in a savings without risking a dime and the 401K's are possibly at risk of seizure I think it would be best suited to invest myself instead of letting the government run my life.

Any ideas?

Disclaimer two: yes I wrote this at 2am, and yes I was out drinking but I did think about this sober, I'm just posting drunk.

2008-11-08 02:25:36

#2

Surgeons: U shud proabbly f off u fat prik; +3,097|6794|Gogledd Cymru

Stash it under your mattress.

2008-11-08 02:25:58

#3

deeznutz1245: Connecticut: our chimps are stealin yo' faces.; +483|6797|Connecticut

Devil Dog, stop. If you are that concerned with the market change your investment plan to a conservative one instead of aggreesive. Yes, folks are taking hits on their 401's right now because of the economy but think about it. This is the best time to buy for long term investments, it is about share volume not value. The more shares you have the more wealthy you will be in 30+ years. So essentially what you have done is bought high, sold low and reinvested in an institution tat offers half to 3% interest. Go back to your 401k......now.

Malloy must go

2008-11-08 04:23:53

#4

Dilbert_X: The X stands for; +1,817|6411|eXtreme to the maX

Enjoy your life and your money now.
Or have a miserable time now but live a bit longer when you're old and ill.

Fuck Israel

2008-11-08 06:16:34

#5

Stingray24: Proud member of the vast right-wing conspiracy; +1,060|6750|The Land of Scott Walker

I wouldn't go for a savings account, they get next to nothing for interest. The risk of seizure is alarming, but I don't think the Dems would be stupid enough to do so. The market will go back up, it always does. Obama and the Dems won't have control forever so there's plenty of time for recovery in 401k and other investments.

2008-11-08 08:40:56

#6

Pug: UR father's brother's nephew's former roommate; +652|6847|Texas - Bigger than France

The time to buy into the market is now. Over a long period of time, the market has always outperformed a savings account, even what you consider a safe bet.

But, if you believe the US is going to fail, don't invest it and don't bank it (since the US will fail, money is worthless).

Last edited by Pug (2008-11-08 08:41:21)

2008-11-08 11:57:40

#7

Turquoise: O Canada; +1,596|6710|North Carolina

Safest retirement plan = die young.

2008-11-08 12:03:55

#8

Varegg: Support fanatic :-); +2,206|7115|Nårvei

deeznutz1245 wrote:
Devil Dog, stop. If you are that concerned with the market change your investment plan to a conservative one instead of aggreesive. Yes, folks are taking hits on their 401's right now because of the economy but think about it. This is the best time to buy for long term investments, it is about share volume not value. The more shares you have the more wealthy you will be in 30+ years. So essentially what you have done is bought high, sold low and reinvested in an institution tat offers half to 3% interest. Go back to your 401k......now.

Bingo ...

Wait behind the line ..............................................................

2008-11-08 12:13:17

#9

OrangeHound: Busy doing highfalutin adminy stuff ...; +1,335|6954|Washington DC

Pug wrote:
The time to buy into the market is now.

Yep, the markets are relatively cheap right now. Successful investing needs to follow the "buy low, sell high" wisdom.

2008-11-08 16:28:19

#10

Ridir: Semper Fi!; +48|7068

deeznutz1245 wrote:
Devil Dog, stop. If you are that concerned with the market change your investment plan to a conservative one instead of aggreesive. Yes, folks are taking hits on their 401's right now because of the economy but think about it. This is the best time to buy for long term investments, it is about share volume not value. The more shares you have the more wealthy you will be in 30+ years. So essentially what you have done is bought high, sold low and reinvested in an institution tat offers half to 3% interest. Go back to your 401k......now.

thanks

2008-11-08 17:47:37

#11

ghettoperson: Member; +1,943|6954

Turquoise wrote:
Safest retirement plan = die young.

Word.

BF2S Forums safest retirement plan?

deeznutz1245 wrote:

Pug wrote:

deeznutz1245 wrote:

Turquoise wrote:

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