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#406 | |
Keepin it Real
Join Date: Sep 2004
Location: Oklahoma
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Quote:
Anyways, we've built up close to $300 this year in rewards for Christmas. |
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Posts: 10,495
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#407 |
Banned
Join Date: Jan 2013
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Hey guys. I've got a friend who is new to the 401K thing, though he has around $25K so far. He is same age as me, 50. His company matches up to 4%. He is contributing 10%.
What would be the the best 401K portfolio for a guy like that? He'll assume more risk as he'd like to maximize over the next 15 years. Don't know his salary, but in the 28% bracket. I recommended small/midcap fund but would like to hear other's thoughts. And those went to shit today. Down 2.75%. Thank you Gentlemen, eDavid |
Posts: 53,803
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#408 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,421
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#409 | |
Beloved & Awesome CP Celebrity
Join Date: Aug 2000
Location: Florida
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Posts: 35,697
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#410 | |
Beer Sherpa
Join Date: Oct 2001
Location: shackled in a cellar
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I use the Amazon Card (at Amazon for 3% and Walgreens for 2%) and the Costco card (pretty much everywhere else but the grocery store for the reasons mentioned above--plus 3% on travel). I also have an American Express Blue Cash Preferred. It comes with a $95 annual fee, but offers 6% cash back at grocery stores for up to $6,000. Even if you subtract the $95 fee from your potential reward (.06 * 600 = 360) you would end up with $265 in rewards if you spend $500 a month at grocery stores. If you spend less than $500 per month at grocery stores, you might be better off with the America Express Blue Cash (Not Preferred) because it has no annual fee, but only offers 3% cash back at grocery stores. We spend plenty at grocery stores, and so the Preferred Card nets us over 4% in a year on a good deal of our groceries. |
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Posts: 1,733
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#411 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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I would select 5 sectors for someone our age, I'm 53. 1. S&P and large cap 25% 2. Total return 20% 3. International Fund 15% 4. High Growth 20% 5. High Yield 20% If rates start to rise move money out of high yield. My portfolio allocation is attached from today's Paychex login |
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Posts: 51,488
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#412 | |
Constable of Untruths
Join Date: Oct 2010
Location: Wichita
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Posts: 15,159
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#413 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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I also have switched most of my 401k over to index funds. If I want to tilt my portfolio to a certain sector, I do that in my Roth IRA. |
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Posts: 45,940
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#414 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
He might want to look into places to retire in South/central America. Panama, Costa Rica maybe |
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Posts: 6,012
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#415 | |
Banned
Join Date: Jan 2013
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Quote:
This is one of my team members that I like, am coaching professionally and I would really like to help him get on track. He knows he won't retire to a life of leisure. He's just had a life that didn't allow for much investing. Thank you all for your advise. |
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Posts: 53,803
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#416 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Posts: 6,012
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#417 |
Banned
Join Date: Jan 2013
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Thanks dude. I always thought that was the school of thought for younger investors and not recommended when getting into it late.
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Posts: 53,803
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#418 |
Banned
Join Date: Jan 2013
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What kind of adjustments are you guys contemplating depending on who wins the election?
What will you do if Trump wins? What will you do if Hillary wins? (please don't turn this into a DC thing) On a side note, interest rates have to go up too. Not in Oct. during an election, but definitely by EOY. |
Posts: 53,803
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#419 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,193
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#420 |
Banned
Join Date: Jan 2013
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That makes to total sense. I'm should have clarified it as 401K investments. I don't care who wins really, but I'd like to navigate it correctly. Might just pull it back for a bit and access the sitch.
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Posts: 53,803
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