Thread: 401ks
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Old 09-17-2008, 08:15 AM   #10 (permalink)
Sharmai
None of you will disagree so I will.
 
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Join Date: Jun 2006
Location: Indianapolis
Posts: 4,938
I'm with nationwide through my company. I have jack all for 401k experience I have just been putting in 10% of my income as best I can since I'm young and have a ton of time.

I talked to a couple investor guys way back when and they said go for the most aggressive stock portfolio pre-setup thingy option they have since I'm young and can weather the up's and down's extremely well.

Well in the beginning i was seeing 12-14% interest then the housing economy went to crap and for awhile I was seeing -8%. ATM I am down -3.4% and my YRD is -5.5%.

It didn't sound all that good to me but apparently with the market the way it is I am supposed to be ecstatic since most people are seeing losses upwards of 15-20% and I'm almost close to breaking even..

Edit* Nationwide does something a little weird I think. It says my personal performance is up 4% but I think its taking into account my contributions to 401k into that. My stocks have taken a YTD -5.5% hit so that's why I say I'm -5.5%.
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Quote:
Originally Posted by Requiem View Post
I'd elaborate on what I said since you obviously took it wrong, but I don't believe that you're stupid enough to not get what I was saying. The very next sentence qualifies the statement.

I see now. You're one of those people that looks for reasons to be offended. It must be frustrating to go through life like that.

Last edited by Sharmai; 09-17-2008 at 08:20 AM..
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