2007-10-10 02:02:14 · 12 answers · asked by stargazer 5 in Business & Finance ➔ Investing
Thanks ,Jake it is my hubbies 401k and I picked the distribution and wasnt sure if I did good with my choice.
2007-10-10 02:13:49 · update #1
Thanks ,Jake it is my hubbies 401k and I picked the distribution and wasnt sure if I did good with my choice.
2007-10-10 02:14:08 · update #2
ummm.....YES!!!!!!!!!!!!
2007-10-10 02:04:42 · answer #1 · answered by Shredded Cottage Cheese 6 · 1⤊ 0⤋
Stargaze,
It depends on what investment your money is in. When investing it's all about balancing the risk you're taking versus the return you're receiving. All stocks and mutual funds have different objectives and, therefore, you can only compare the stocks and mutual funds within the same categories (Large Cap, Mid Cap, Small Cap, International, etc). A 20% return is not necessarily good or bad outright, but you can compare it to its peers to make that judgement.
For example, if you own International mutual funds and your fund has done 20%, but the average since January has been 25% then it's not good comparatively. What it means is that you've taken the same risk as the rest of the International market, but haven't received the same reward for that risk.
If you have any further specific questions, feel free to email me. Hope that helps.
2007-10-10 09:11:11 · answer #2 · answered by Jake A 1 · 0⤊ 0⤋
Yes that's good, especially for a 401K which usually limits you to mutual funds. I assume you have money in large cap growth fund and overseas funds, perhaps emerging markets.
My investment goal is to make at least 15% a year; at that rate you can double your money every five years.
My stock portfolio is up 30% for the year, but my 403b with TIAA CREF is only up about 10%, since it offers only a very limited selection of conservative mutual fund choices.
2007-10-10 22:27:34 · answer #3 · answered by Yardbird 5 · 0⤊ 0⤋
Looking at short term performance in a 401k is going to get you into deep trouble. I know you don't want to hear this. You want to be congratulated and applauded. But I promise you that chasing short term performance is going to shoot you in the foot. You should be invested in a well balanced and diversified portfolio. Consistancy is what is important not stellar returns. No one breathing who has ever chased performance has succeeded for long. Do yourself a favor take your 20% return while you are ahead and reposition into a more balanced situation.
2007-10-10 09:55:12 · answer #4 · answered by Richard Jackel 3 · 2⤊ 1⤋
Anytime you can earn 20% in a year is a good year.
2007-10-10 10:22:06 · answer #5 · answered by Anonymous · 2⤊ 0⤋
It is terrifying. If you can keep that up, I'd be willing to pay for investment advice.
2007-10-10 09:10:56 · answer #6 · answered by Computer Guy 7 · 0⤊ 0⤋
sounds like some illegal scam...b careful. most banks pay 2 to 5 % and the market winners usually 8 to 15 %....bonds pay lower...
2007-10-10 09:11:52 · answer #7 · answered by Anonymous · 0⤊ 3⤋
holy crap, yes! if i was you, i'd be celebrating right now! especially with the market the way it has been.
2007-10-10 09:09:53 · answer #8 · answered by swatthefly 5 · 0⤊ 0⤋
It's not good. It's GREAT!
2007-10-10 09:05:37 · answer #9 · answered by Anonymous · 0⤊ 0⤋
YES... that is EXTREMELY GOOD.... can you be my investment adviser....??
2007-10-10 09:09:49 · answer #10 · answered by raguse7 1 · 0⤊ 0⤋
It sure is!!!
2007-10-10 09:05:24 · answer #11 · answered by Patito 4 · 0⤊ 0⤋