I have a 403 with high risk investments and its losing money. Do I change the strategy now or sit on it?
Posted by admin on 21 Apr 2008 12:34 pm. Filed under Investing.
happydawg asked:
I dont plan to retire for another 25 yrs or so, but I am afraid to look at the stock market losses in my 403 which is probably lying in the mailbox today.
The Lincoln Financial Group is managing my 403 investments. So, should I just not open the envelope and look or switch on my own to a low risk investment strategy?
I dont plan to retire for another 25 yrs or so, but I am afraid to look at the stock market losses in my 403 which is probably lying in the mailbox today.
The Lincoln Financial Group is managing my 403 investments. So, should I just not open the envelope and look or switch on my own to a low risk investment strategy?
On April 24th, 2008 at 10:14 am
Keep it.
You’re young, so you still have time to make money. Also, the market is down, so that’s probably why you’re losing money.
It’s still a good idea to research your investments.
On April 25th, 2008 at 3:53 pm
Study the statement from Lincoln. No use keeping your eyes shut.
Then have discussion with them and ask them why they are performing so badly when they are supposed to be experts and what they are going to do about it. Be blunt. Pension savings should not have been in high risk investments. Also very important to find out how much those sharks at Lincoln are charging you. If more than 0.5% it is too much.
Then decide in the light of what you hear.
It would be better for you to invest any further sums into agood index tracker fund like the Vanguard S&P 500 within your 403 plan. It has very low charges and quaranteed to mach the average for US economy. No future worries.
On April 27th, 2008 at 8:31 am
Now is not the time to panic. In fact no time is. Review the statement. Talk to Lincoln about your statement and your concerns. I’d wait for the next bounce before transferring funds. If you then still have concerns then transfer some funds to lower risk areas. Remember that this is a long term investment. You are young and have plenty of time. It is good that you are concerned and are taking notice. Make an informed educated decision!