Comments on: Set up First 401(k) Account http://www.thesunsfinancialdiary.com/personal-finance/finally-i-set-up-a-401k-account/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: LuxLivingFrugalishttp://www.thesunsfinancialdiary.com/personal-finance/finally-i-set-up-a-401k-account/#comment-40996 LuxLivingFrugalis Wed, 27 Feb 2008 18:34:45 +0000 http://www.thesunsfinancialdiary.com/personal-finance/retirement/finally-i-set-up-a-401k-account/#comment-40996 We've had good luck w/our American Funds in Hubster's 401-K account, so they aren't horridly horrible ya know. I understand on the expense ratio, but it beats a snowball...but then again, he gets some matching funds which also helps.Just wanted to say they don't totally bite!Good luck with your 401-K investments. We’ve had good luck w/our American Funds in Hubster’s 401-K account, so they aren’t horridly horrible ya know. I understand on the expense ratio, but it beats a snowball…but then again, he gets some matching funds which also helps.

Just wanted to say they don’t totally bite!

Good luck with your 401-K investments.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/personal-finance/finally-i-set-up-a-401k-account/#comment-40990 Sun Wed, 27 Feb 2008 04:57:07 +0000 http://www.thesunsfinancialdiary.com/personal-finance/retirement/finally-i-set-up-a-401k-account/#comment-40990 Phalgun: The 401(k) is definitely for long-term investment, therefore, short-term fluctuation, as you said, shouldn't matter too much. However, given the drop of major indices in January, I do feel a little happy to start in February instead of January :)Moneymonk: I lost half of my shirt from those Chinese stocks I bought lately :( So I am a little tight right now. But, yes, I am considering buying some shares. I guess I will have to take losses on some stocks to come up with the money needed. Phalgun: The 401(k) is definitely for long-term investment, therefore, short-term fluctuation, as you said, shouldn’t matter too much. However, given the drop of major indices in January, I do feel a little happy to start in February instead of January :)

Moneymonk: I lost half of my shirt from those Chinese stocks I bought lately :( So I am a little tight right now. But, yes, I am considering buying some shares. I guess I will have to take losses on some stocks to come up with the money needed.

]]> By: Moneymonkhttp://www.thesunsfinancialdiary.com/personal-finance/finally-i-set-up-a-401k-account/#comment-40989 Moneymonk Tue, 26 Feb 2008 22:20:09 +0000 http://www.thesunsfinancialdiary.com/personal-finance/retirement/finally-i-set-up-a-401k-account/#comment-40989 I have T Rowe Price Growth stock as well. Do you plan on buying VISA ipo's? I have T Rowe Price Growth stock as well. Do you plan on buying VISA ipo’s?

]]> By: Phalgunhttp://www.thesunsfinancialdiary.com/personal-finance/finally-i-set-up-a-401k-account/#comment-40987 Phalgun Tue, 26 Feb 2008 18:40:38 +0000 http://www.thesunsfinancialdiary.com/personal-finance/retirement/finally-i-set-up-a-401k-account/#comment-40987 Congrats on setting up the 401(k). You really shouldn't worry too much about short-term market volatility in this type of account. You are putting this money away for retirement which is most likely a long ways down the road of life. Each contribution you make is essentially dollar cost averaging your investments, every two weeks with your paycheck.You are right about mutual funds having a hefty expense ratio. That can add up to a lot of money over the long term and eat away at your profits. Congrats on setting up the 401(k). You really shouldn’t worry too much about short-term market volatility in this type of account. You are putting this money away for retirement which is most likely a long ways down the road of life. Each contribution you make is essentially dollar cost averaging your investments, every two weeks with your paycheck.

You are right about mutual funds having a hefty expense ratio. That can add up to a lot of money over the long term and eat away at your profits.

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