Monday, October 10, 2011

Finance Geek?

So I know my 401k is gonna be worth crap before long but...I was really needing someone who knows what they hell they're looking at to give it a peek. Essentially, I want OUT of the market. But it all is "in" and they won't let us move to gold so...

Anyone good at that sort of thing?

6 comments:

Don said...

Sorry, I don't know anyone. However, I definitely relate to your concerns.

By the time I "retire" I figure my 401k won't be worth enough to buy me a cardboard sign for roadside panhandling.

Keads said...

Sorry, can't help either. Hell the firearms here are out performing my 401k!

Six said...

My money is all tied up in Amalgamated Buggy Whips so I may not be the right guy to talk to.

Joan of Argghh! said...
This comment has been removed by the author.
Jon said...

The problem with 401Ks is that you're limited to whatever funds the company serving as custodian for your employer has made available. Take a look at the list of funds and see if there's something like "Stable Value" or maybe a money market or bond fund. Another possibility is to go with a target date fund with a target date as close to right now as you can find. Those will contain a very conservative mix of investments, rather than a high percentage of equities.
The usual disclaimer about "I am not a professional..." applies.

Good luck.
The Steel Bookshelf

LauraB said...

Thanks you guys. Jon, I already had a good portion in the "safest" per my boss who is fairly learned at it. I just wish I could find some kind of gold fund...hell, maybe I'll get fired and I can move it all then...