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Home Brew Forums > Home Brewing Community > General Chit Chat > 401k rollover? IRA?
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Old 12-03-2006, 03:20 AM   #11
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Now I'm not sure which one to go with!

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Old 12-03-2006, 05:49 AM   #12
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I'm with The Bird, I strongly suggest the Vanguard fund. Fidelity left a real bad taste in my mouth during the crash of 2000. Good Luck.

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Old 12-03-2006, 02:33 PM   #13
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Well, I have an IRA with Fidelity but the bulk of my retirement is in Vanguard through a 401k. Both have been really good to me, but obviously it depends on the particular funds you pick. If you're young enough to take some risk, lean towards emerging market funds which have recently cranked out 20-50% annually. If you're older, closer to retirement, or generally risk averse, go with a more balanced fund. SirSudster, I don't know if you can blame one financial house when the entire market took a hit, especially if you were tied to internet stocks at all.

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Old 12-03-2006, 02:43 PM   #14
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Quote:
Originally Posted by Bobby_M
If you're young enough to take some risk, lean towards emerging market funds which have recently cranked out 20-50% annually.
Careful, though. Past results are no guarantee of future returns in the investment world. Study after study shows that this is where investors get "burned"--by chasing returns. By the time investors catch on to a hot market, it has already reached its peak. I would stick with the target retirement fund. I think they each may have a small percentage of holdings in emerging markets anyway.

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SirSudster, I don't know if you can blame one financial house when the entire market took a hit, especially if you were tied to internet stocks at all.
Absolutely.
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Old 12-04-2006, 02:26 AM   #15
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Most Fido funds have been medicore versus their peers, which is why I rarely use them. Most Vanguard funds have been excellent versus their peers, which is why I use them all the time.

Stay away from emerging markets; too much risk for this investment, and besides, that's yesterday's story. By the time it's obvious where to invest (because the returns have been so high), almost inevitably they are due for a serious crackdown (there are some fundamental reasons to minimize emerging market exposure these days, as well).

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Old 12-04-2006, 02:32 AM   #16
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Looks like I'll be going with Vanguard tomorrow. Anyone else find it weird that I'm getting financial advice from people who probably are drunk?

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Old 12-04-2006, 02:40 AM   #17
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Maybe emerging markets are drying up a bit now, but considering I moved a substantial amount of my 401k funds into MGEMX in Jan 06, it's been pretty good to me. http://finance.yahoo.com/q/bc?s=MGEM...=on&z=m&q=l&c=
21% YTD return. I've made similar gains, ok well 15-20% in some Fidelity sector funds like FRESX (real estate) and FSENX (Energy). By the way, Fidelity also has the Contrafund, run by one of the most respected fund managers around (Danoff). Unfortunately, it's closed to new investors.

Of course, age is still a big factor in how much risk I take. I'm only 30. I totally agree that a more conservative, balance fund choice is better for older folks or anyone who wants to let it ride without watching.

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Old 12-04-2006, 02:52 AM   #18
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Quote:
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...anyone who wants to let it ride without watching.
That's the thing. Todd's indicated that he doesn't really know a lot about this. If you're doing EM, you need to be watching it like a hawk. Balanced, diversified, modest risk, low cost wins the day.
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Old 12-04-2006, 10:37 PM   #19
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yeah, I keep up with financial news but I can't watch the ticker all day.

I did a fantasy stock market on fantasystockexchange.com or something like that and it drove me nuts. I was on that site all day watching my stocks, it was habit-forming. I had to quit because it was affecting my work!

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Old 12-04-2006, 11:22 PM   #20
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Default beer stocks?

Buy flowers for SHMBO and $4995 worth of beer stocks. You will need these when you retire anyway. The money that you save by not having to buy beer and make beer could be put into the bank ready to be reinvested in more stock.
Or, you could always invest in your brewing setup to make it more effiecient therefore saving you more money, ergo more cash in the bank. I reckon that you could beat 8% return easily.

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