Year to Date 401k Performance!
I love the ease of the 401k, but I hate the fact that the investments are so buried to where I'm not really sure what I'm invested in. My fiance's 401k has specific mutual funds that we picked, but mine is a little different. Mine has a lot of funds to choose from, but also some lifestyle funds. These lifestyle funds invest your money in a ton of various mutual funds for you so it is hard to know what I'm really invested in. It worked out okay last year when my return was a little over 10%. But it is still strange not to know what you are really invested in.
10% is the base percentage I want to achieve in all our retirement funds. I have our retirement plan mapped out based on achieving that rate of return. So how are we doing in our 401k funds this year?
Through Sept. 30
My 401k - 6.22%
Finace's 401k - 7.85%
The good news is that my fiance's 401k has about $12,000 more in it than mine, so if she can exceed 10% this year, it may make up for the shortfall in my 401k.
The bad news is, there are only 3 months left to make it to 10% and there really isn't anything I can do but sit and watch.
posted by Please Read @ 7:20 AM
5 comments
5 Comments:
Avoid the lifestyle funds, the costs are higher since you are buying an amalgam of funds. And like you mentioned, you don't really know what you've got.
Also, as you get older the lifestyle fund gets more conservative. So to speak...
Anyone who has invested in bonds (a so-called conservative approach) knows that bonds (and bond funds) can be as volatile as stock funds.
Get more $$ into small and mid-caps and you may have a good shot of getting close to your goal between now and year end. You'll see.
I'm going to look into this a little more and do a follow up post. Thanks for the comment.
Daneil we have to talk...I ran into your blog searching for info on 401k plans.
I also live in the OC and am a struggling hedgefund/asset manager.
I am in process of setting up an advisory with track-record of 3 years up 42% (compounded). I am now in early process of launching firm and have no clients!
I had just spoken with my wealthy business owner neighbor and was complaining about his options and expense fees on his 401k. Saying if I can find a solution with less expense fees and more options I can manage it. I also manage my fathers 401k and hate the expenses and options.
After seeing your blog the idea starring at me is what if I can launch an advisory firm that used etf's as the asset vehicle with lower expense ratios and advisory fees.
Do have any thoughts?
I am looking for a young accountant partners...
Thank you for sharing this information.This is such a great article fidelity 401k .
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