Quote:
Originally Posted by bimmerfrk
Ok so after today i put all my wife's and my 401k proceeds into a money market fund. This trajectory cant continue and a lot of economists feel that the economy is reaching if not already at full employment. I don't care if i miss another 2 - 5 percent in gains. I'm up 39 percent over the last 2 years and im sure there is a pull back coming. I'm protecting my profits. I will continue to contribute to my 401k but there is just no value at the moment. Its crazy how many times companies are trading their earnings
Thoughts?
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How old are you and how long have you been in the market?
Retirement wise, is your net worth on track for someone your age (30s = $300-400K, 40s = $500-700K, 50s = $700K-1.3M)?
When you talk about this 39% gain in the past 2 years, is this 4 figures, 5 figures, 6 figures?
What were these investments in? Stocks? Funds?
Do you have any other investment/retirement accounts? If so, how well are they funded?