401k Thread

[Anonymous No.16689268]

How's your 401k? I'm fucking killing it right now.

[Anonymous No.16689276]

>>16689268
ok boomer

[Anonymous No.16689284]

>>16689268
Kek I made this on BSV in 2 days

[Anonymous No.16689285]

>>16689268

Put everything into a total market mutual fund. So about 29% YTD.

[Anonymous No.16689288]

>>16689284
>>16689285
larps

[Anonymous No.16689293]

>>16689284

>Thinks you can invest in bitcoin in a 401k.

[Anonymous No.16689295]

This is my old one, just in a vanguard target fund. Not a whole lot, but it is from my part time job still and I'm just gonna let it ride when I quit. I didn't even realize I had it when I started it, so glad I left it since the match was good. Not gonna be there long enough for my next match though

[Anonymous No.16689308]

>>16689295
New company I started back in August. 40 percent large cap, 30 percent mid cap, 20 percent international, 10 percent small cap. Bonds are for losers.

>>16689284
Guaranteed 100 percent a year lol

[Anonymous No.16689320]

>>16689308
>>16689295
>Bonds are for losers.
Damn bro, you're fucking right. I'd be doing way better if I didnt have these trash bonds.

[Anonymous No.16689342]

>>16689320
Bonds are only really useful during a crash and you can't wait it out. Read a book a while back and they do make a case for bonds in that depending on your timeframe, heavier into bonds can help cushion your blow and lead to better returns overall. That being said, market is going wild right now and who knows when this rally will end. I am in my 20s and can wait out a crash. I'll buy more when it crashes, as well. Once I turn 30, I'm gonna change my bond preference to 10 percent and add one percent every year until my 50s,then I'll probably add 2 percent, so on. You want bonds when you are old and expect a major crash.

[Anonymous No.16689372]

>>16689268
Linkies up 500% tho HAHAHAHHAHAHAHHAAH

[Anonymous No.16689379]

>>16689342

Bonds are for insurance when a crash does come. It's not a bad idea to have some, but for the most part go aggressive when you are younger. Even if you fuck it all up, you still have time to recover later.

[Anonymous No.16689385]

>>16689372
>>Thinks you can invest in Chainlink in a 401k.

[Anonymous No.16689389]

>>16689342
Yeah I guess it comes down to how active I wanna be in managing my investments. I'm gonna take your advice and tune the bonds down a bit, maybe from 25% down to like 15 or 20%.

[Anonymous No.16689390]

>>16689385
where did I say that you fucking dolt

[Anonymous No.16689393]

>>16689390

It's a 401k thread, but thank you for your financial advice and insight. When Chainlink becomes available in a 401k I will invest immediately.

[Anonymous No.16689399]

>>16689393
I'm making fun of 401k's in a 401k thread you failed investor

[Anonymous No.16689408]

>>16689393
I’m considering not contributing to my 401k to buy LINK though

[Anonymous No.16689410]

>>16689399

Good humor doesn't have to be explained.

[Anonymous No.16689416]

>>16689408

Yeah, now that's a valid option!

[Anonymous No.16689423]

>>16689399
>he works a mcjob that doesnt offer a 401k

[Anonymous No.16689428]

>>16689372
Yeah and? You also could have bought Bitcoin and been up more and you didn't lol.

>>16689389
Yeah that's a good idea. If you're in your 20s, I wouldn't go higher than 20. Maybe 10. Tons of articles on there with different logic.

>>16689408
I wouldn't. Are you so poor that you can't afford to meet your employer match? That's a guaranteed 100 percent return on your investment a year. If you're so poor. That you can't do that, then you're not gonna be able to throw enough at LINK to EVER make it and you should be looking for an employment change fast.

[Anonymous No.16689432]

>>16689268
7% is pretty bad for 2019. I'm up almost 26%.

[Anonymous No.16689436]

>>16689428
I'm 36 and I barely started my 401k a few months ago.

[Anonymous No.16689439]

>>16689432

Depends a lot on the options in his plan. This 401k also doesn't represent his whole portfolio and he might be more aggressively invested elsewhere.

But yeah, the S&P 500/Total Market made about 20% this year. To each their own.

[Anonymous No.16689447]

>>16689439

corrected: 30%

[Anonymous No.16689451]

>>16689428
How about instead of maxing (19.5k) just contribute to match.

[Anonymous No.16689461]

>>16689436
That's fair. Better late than never, not sure if your financial situation is good enough though but don't contribute anymore than your employer match. My next point...
>>16689451
Sorry I did mean meeting your match yeah. You should always hit that max match first (I recommend a roth), then if you want to contribute more to a retirement, max out your ira. If you have even more money, then you can swing back and max up your 401k, but depending on your age, I personally just max my match (especially since it is shit anyways I only get a 2 percent match of my income and have to put in 4 percent fuck off) and put the rest in stonks and crypto

[Anonymous No.16689470]

>>16689432
>Pic related

[Anonymous No.16689473]

>>16689461

If you can afford it and your 401k plan has in-fund transfers and an after tax savings account, you might be able to fund the after tax savings account and then roll that over to a Roth IRA later. That's usually far down the line for many, but it is an option for some plans.

[Anonymous No.16689484]

>>16689473
Yeah, that's always an option. It really depends on your risk level and the options in your 401k plan. Personally, my 401k is just for retirement so I'm not in the habit of chasing an extra few percent of gains. It's so that slimy snake Bernie can't use anymore of my money to take care of losers than he already wants to.

[Anonymous No.16689485]

>>16689447
nice work bobby

[Anonymous No.16689493]

>>16689484

You can always invest what you don't want to risk in a money market/treasury fund or even a bond fund, temporarily, and then roll it over to the Roth IRA at mid or end year intervals. But yes it depends on your options. Most 401k funds are doing better than they used to with regard to expenses, transparency, and fund choice.

[Anonymous No.16689497]

>>16689485

Sometimes it takes me 3 times to get it right.

[Anonymous No.16689535]

31%
Started 1/1/19 with 155k ending at 237k

[Anonymous No.16689546]

>>16689410
>Good humor doesn't have to be explained.
>Good humor doesn't have to be explained.
>Good humor doesn't have to be explained.
>Good humor doesn't have to be explained.
>Good humor doesn't have to be explained.
>Good humor doesn't have to be explained.

[Anonymous No.16689556]

>>16689546

Yup, you got it now.

[Anonymous No.16689563]

>>16689320
based boomer

[Anonymous No.16689573]

>>16689268
>27.72% YTD

[Anonymous No.16689600]

>>16689556
Not gonna make it boomer

[Anonymous No.16689609]

>>16689600
Kek. I can feel the defeat in your post

[Anonymous No.16689617]

>6.82% YTD
>market is up 30% YTD
>I'm fucking killing it

[Anonymous No.16689648]

>>16689600

4chan gives the best advice.

[Anonymous No.16689659]

mine's mostly in large cap and the market is going nuts so my return is something like 29%

[Anonymous No.16689684]

>>16689648
If you paid attention and spend effort researching crypto and had enough sense you would have bought ETH and LINK early and still had income to spare. You got mad when I said linkies were up 500% because you personally missed out. I didn’t even address you directly faggot

[Anonymous No.16689707]

23.4% it's been a fun year watching it grow

[Anonymous No.16689715]

>>16689684

Thanks again for saving me from myself.

[Anonymous No.16689727]

>>16689268
> best stock market run of all time to aths and 20-30% yearly
>7%
if by “it” you mean “myself” then i agree

[Anonymous No.16689738]

>>16689268
Put everything into apple at 140.

[Anonymous No.16689861]

>>16689684
Lashing out because you aren't getting the (You)s that you get from other threads with shitcoiners

Only a fool gets upset about missed opportunities. Yet here you are gloating like anybody cares. Congratulations -- you bought a speculative asset and made money on it. You're a little wolf of wallstreet, aren't you? I'm sure you also bought Amazon five years ago, not connect and sold the top, and longed tesla at the bottom.

[Anonymous No.16689931]

>>16689861
kek

[Anonymous No.16690063]

>>16689470
That employer contribution is piss poor. What shitty company do you work for, or is that just how it is in USA?

[Anonymous No.16690119]

>>16689293
you can

GBTC

[Anonymous No.16690265]

Started the year with 63k in my 401k now how 103k with 25%+ returns.
Thank you Trump

[Anonymous No.16690293]

What's everyone's equity/bond split?

How are you rebalancing/what's your target allocation for next year?

[Anonymous No.16690329]

>>16690265

Trump timed the bottom of the '18 crash on new years so our YTD ROI looks good. What a genius. Hes achieved over a 12% average return since elected, almost as high as Obama's 13%. But Obama perfectly timed his inauguration at the bottom of the market. Hard to beat that genius.

[Anonymous No.16691489]

>>16689268

27% this year

[Anonymous No.16691506]

>>16690119
>GBTC
Which 401k plan can you get this in?

[Anonymous No.16691524]

>>16690293
My target when re-balancing is 90/10 stocks/bonds. Stocks are split like 60/40 US/Int'l

[Anonymous No.16691527]

>>16691506

Not many. Usually you can only buy a handful of funds that the provider cherry picks based on what they personally profit from.

[Anonymous No.16691563]

>>16689268
unironically better than btc in the last 2 years

[Anonymous No.16691567]

any feds here? I just looked at my TSP account and I have 100% contribution to the L 2050 fund. is that retarded?

[Anonymous No.16691585]

>>16691527
My work's 401k funds all have expense ratios over 1.5%. The "advisors" that come in tell us how this is a great deal (never mind that the performance is basically the same as what you'd get from an index fund). I transfer everything over to my trad IRA asap.

[Anonymous No.16691616]

up 52 percent

[Anonymous No.16691631]

>>16689268
My pension-fund is absolutely killing it as well. Sadly it is all imaginary, since I don't believe I will actually receive a cent in 50 years, unless they be Weimar-style millions in a wheelbarrow.

[Anonymous No.16691637]

>>16689268
Ahahaha I literally got that rate with ethereum in the last 24 hours. Get fucked

[Anonymous No.16692263]

>>16690293
100% equity; 60/30/10 for small cap/emerging market/large cap in IRA and 65/35 international developed/small cap in 401(k).

[Anonymous No.16692425]

>>16689268
I opened a Roth IRA on the first, invested a bit of money, and then contributed the rest I needed to hit the $6000 cap. I've made about 130 bucks over the past 30 days, so it's been nice. About a 2% return in a single month isn't half bad.

[Anonymous No.16692428]

12% bayyyybeeee

[Anonymous No.16692488]

>>16689268

How did you fuck up this bad? Every turbonormie I know got at least 20% this year.

[Anonymous No.16692536]

>>16692488
Seriously, my forced 401k has 19% with all large caps

[Anonymous No.16692595]

Has anyone considered trading options in their 401k? My plan has a self directed option for experienced investors. I’m considering shorting SPY during the downturn

[Anonymous No.16692666]

>>16689288

>I got returns that match the S&P 500 Index for the year
>REEEE LARP

Sorry your actively-managed mutual fund is a scam.

[Anonymous No.16692758]

>>16689268
i had my 401k just open to check on it but my account locks after a failed login for a day fucking annoying ive only got like 3% bonds though

[Anonymous No.16692769]

>>16692666
Actively managed is better but you ahve to pick the right managers.

[Anonymous No.16692784]

>>16692595
>I’m considering shorting SPY during the downturn
Wanna know how I know you're going to be broke?

[Anonymous No.16692816]

>>16689308
oh so you're .99 correlation with the stock bubble, great, i'm sure your long term returns will be positive

[Anonymous No.16692841]

>>16692784
??? Care to elaborate

[Anonymous No.16692877]

My 401k spent the entire year outperforming my Robinhood account (Yes, im a fucking retard) so I decided to make my stock account look much more like a 401k. It seems like its working so far.

[Anonymous No.16692889]

>>16689268
>I'm fucking killing it right now.
Kek. A US total market index fund is up over 24% this year.

[Anonymous No.16692893]

>>16692595
Check the last 3 drops in the SPY. Every single one of those corrected upward.

Dont short the SPY, if you want to make money on the Downturn, invest in gold, IMO.

[Anonymous No.16692902]

>>16692769
>active investing is better, you just have to pick the right investments
WOW WHY DIDN'T ANYONE ELSE THINK OF THAT?

[Anonymous No.16692970]

>>16691616
The fuck are these picks

[Anonymous No.16692974]

>>16692902
Because they pick passive index funds (or aren't accredited investors).

[Anonymous No.16693043]

>>16689461
My employer match is only $1 per hour. I'm putting in $4 an hour.
I havent really researched an ira. I'm trying to save my take home pay for a down payment on a house.

[Anonymous No.16693069]

>>16689573
Fidelitybro, post your investments.

[Anonymous No.16693089]

>>16693043
That's pretty low. I wouldn't bother controbuting if you're saving for a house unless that's a small portion of income (less than 4)

[Anonymous No.16693097]

>>16689268
That shit is going to evaporate right before your eyes boomer.

[Anonymous No.16693107]

>he's unironically humble bragging about 6%

Thats a fine ROI slugger, you go out there and gettem good!

[Anonymous No.16693111]

>>16693107
Well my employer matches me 50 percent, so that's a guaranteed 50 percent roi. Bigger picture, fren

[Anonymous No.16693127]

>>16693089
The problem is I make $120k with no tax liabilities. I take the standard deduction. So I dont mind taking that pretax income and putting in the 401k before uncle sam can get his hands on it.

[Anonymous No.16693151]

>>16693127
That's fair. You can put a roth ira towards a first house payment if you have had it open for at least 10 years, not sure if 401k works the same.

[Anonymous No.16693161]

>>16693107
Shut the fuck up, little bitch. I was buying up ETH in 2016 when it was $11.
What now, little bitch? Yeah you're fucking nothing.

[Anonymous No.16693165]

>>16693151
Well im not trying to wait 10 years to buy a house lol

[Anonymous No.16693170]

>>16693165
I know, but it just depends on your age and timeframe. You should open it either way, so that way you have it.

[Anonymous No.16694631]

>>16691506
i know you can buy GBTC on Charles Schwab and Etrade

[Anonymous No.16694764]

>>16694631

but 401ks usually only have a handful of funds, often 10-20, mostly mutual funds.

[Anonymous No.16694796]

>>16692970
biggest winners:
ADXS 205%
SAVA 182%
ITA 103%

biggest loser LCI down 29% and REFR down 9%

everything else up from 2-45%

[Anonymous No.16695511]

>my inflated monopoly fund is up 25% in a year, this is sustainable until i retire

[kihohuim No.16695552]

>>16694631
gbtc is only for retards and niggers. whats your status? its guaranteed to lose vs btc

[Anonymous No.16695583]

>>16693069
sure

[Anonymous No.16695617]

>>16695511
Care to elaborate some more?

[Anonymous No.16695670]

>>16695617

[Anonymous No.16695676]

>>16695670
That's not a criticism of the 401k,that's a criticism of the economy and FIAT. Hope this helps.

[Anonymous No.16695698]

>>16695676
enjoy trying to cash out in 40 years

[Anonymous No.16695759]

>>16695583
Damn bro, you're not very diversified

[Anonymous No.16695995]

>>16689268
401k's associated with employee paychecks are one of the biggest scams in the world of wagecuckery there ever has been but i dont have time to explain bout to catch a plane. dyor you're gonna lost most of your 401k "value" when the market crashes to depression lvls in 2020. dont say a richfag anon on /biz/ didnt tell ya cause u just got told faggit.

[Anonymous No.16696001]

>>16695583
you might have $5k-10k if youre lucky by the end of 2021.
remember dont take profits, just let it sit there in the NYSE until you retire.
lol get fucked

[Anonymous No.16696014]

>>16695698
What is this supposed to mean? Bitcoin is gonna be cashable AND hold its value in 40 years?

[Anonymous No.16696083]

>>16695995

I never understood how they got away with 401ks. So to get this massive government tax break you have to have an employer sponsored plan, which only allows you to invest in whatever select financial products their provider lets you? Most blatantly obvious crony capitalist shit anyone could conceive. Then they always say you can just get an IRA but the income limit is so ridiculously low and doesn't match inflation.

[Anonymous No.16696113]

>>16696014
>a deflationary asset isn't going to hold its value

[Anonymous No.16696143]

>>16696113
>bitcoin has to hold its value!
>it is deflationary!
>please i don't want to die poor

[Anonymous No.16696201]

>>16696143
see you at a million ;)

[Anonymous No.16696208]

>>16696201
You'll rot with the asuka prophecy

[Anonymous No.16696268]

>>16695759
Meh, it's all about growth right now and thats just my 401K, I am building a dividend portfolio based on REITs in a simple brokerage.

>>16695995
401ks were actually started by Kodak employees that wanted to have a personal tax advantaged savings plan.

>>16696083
My company plan has about 25 funds we can choose from, we also have the option of completely self directing if we choose. So I can put the money in my plan into whatever investments I choose.

[Anonymous No.16696302]

>>16696083
>So to get this massive government tax break
>massive
It's capped at $19k, bro, and you pay taxes on it when you cash out.

[Anonymous No.16696313]

>>16696268
>Meh, it's all about growth right now and thats just my 401K, I am building a dividend portfolio based on REITs in a simple brokerage.
Copy that. Thanks for sharing.

[Anonymous No.16696364]

>>16696302
Get a roth. Way better for taxes

[Anonymous No.16696374]

>>16696364
Nah traditional is better. Avoid taxes now, use every dollar you can to make it. Then when you make it it wont matter your tax bracket because youve made it

[Anonymous No.16696381]

>>16696364
see
>>16693127

[Anonymous No.16696434]

>>16689268

it's doing pretty good.

also to the ones saying "it's going to crash to depression levels in 2020-2021" I hope it does. I still have 30 more years of wagecuckery anyway and would love to buy more on the dip

[Anonymous No.16696470]

>>16695552
Explain why.