Posted by admin on 6 Jul 2008 3:01 pm. Filed under Investing.
leadway asked:
I have a small amount of money in a 401K but I don’t want to lose what is there. Can anyone give me ideas on the best bear market 401K funds. It is helps we use fidelity investments.
4 Comments to “What bear market funds are best for my 401K – I use fidelity investments?”
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SouthCali4LifeSD said:
On July 8th, 2008 at 2:31 pm
my dad works for at&t and his 401k is also linked with fidelity. he took it out when dow was at 13,800 and it’s currently sitting in scottrade waiting to be reinvested.
what i can tell you is that he had a mutual fund with a lot of chinese stocks and made tons of money. talk with your fidelity financial advisor and look into a well diversified mutual fund with plenty of chinese companies. everything is cheap right now with the dow at around 12,200!
hope this helps
engineer50 said:
On July 10th, 2008 at 1:09 am
Consider your investing time frame: how long till retirement? The longer it is, the more aggressive you want to be. Stocks are “on sale” now even if you’re buying them through mutual funds.
Shaun R said:
On July 13th, 2008 at 11:21 am
You can always learn to trade the downside. Everything is going down so that would be your best option.
This is a great website that can teach you a lot about making money no matter which way the market goes.
jebediabartlett said:
On July 16th, 2008 at 8:18 pm
Don’t give up all of what you’ve got…things will turn around…it’s hard to ” trade” your way out of losses in a 401k…the funds offered are just not designed to ” short” the market ( what you could do if you were just ” trading” on your own)
…but if your plan offers some international funds, put a little percentage in them…they are just going to do a little better than our U.S. stocks for 6 months or so…and every little bit helps.
In the last three or four years there have been about five periods that looked ” bleak”, but things have come back…this time it might take a little longer…that’s really hard to look forward to, but hopefully your retirement isn’t right around the corner…if you’ve got more than 7 or 10 years to go, just try not to think so much about it… are you ” ahead” overall? If so, just keep THAT in mind.
Good luck.
On July 8th, 2008 at 2:31 pm
my dad works for at&t and his 401k is also linked with fidelity. he took it out when dow was at 13,800 and it’s currently sitting in scottrade waiting to be reinvested.
what i can tell you is that he had a mutual fund with a lot of chinese stocks and made tons of money. talk with your fidelity financial advisor and look into a well diversified mutual fund with plenty of chinese companies. everything is cheap right now with the dow at around 12,200!
hope this helps
On July 10th, 2008 at 1:09 am
Consider your investing time frame: how long till retirement? The longer it is, the more aggressive you want to be. Stocks are “on sale” now even if you’re buying them through mutual funds.
On July 13th, 2008 at 11:21 am
You can always learn to trade the downside. Everything is going down so that would be your best option.
This is a great website that can teach you a lot about making money no matter which way the market goes.
On July 16th, 2008 at 8:18 pm
Don’t give up all of what you’ve got…things will turn around…it’s hard to ” trade” your way out of losses in a 401k…the funds offered are just not designed to ” short” the market ( what you could do if you were just ” trading” on your own)
…but if your plan offers some international funds, put a little percentage in them…they are just going to do a little better than our U.S. stocks for 6 months or so…and every little bit helps.
In the last three or four years there have been about five periods that looked ” bleak”, but things have come back…this time it might take a little longer…that’s really hard to look forward to, but hopefully your retirement isn’t right around the corner…if you’ve got more than 7 or 10 years to go, just try not to think so much about it… are you ” ahead” overall? If so, just keep THAT in mind.
Good luck.