On Sunday, November 10, 2019 at 10:07:32 AM UTC-5, Ed Pawlowski wrote:
On 11/10/2019 9:31 AM, trader_4 wrote:
On Sunday, November 10, 2019 at 8:07:30 AM UTC-5, Cindy Hamilton wrote:
On Sunday, November 10, 2019 at 1:26:49 AM UTC-5, rbowman wrote:
On 11/09/2019 07:27 PM, Ed Pawlowski wrote:

It means my 401k is looking good today. Could turn to crap tomorrow though.

Back before the dotcom bubble burst I had a friend who was checking his
401 about every hour and rubbing his hands. He told me I was stupid to
have a stodgy old traditional IRA. I didn't even have to tell him to
STFU when the roller coaster started down. I didn't lose a dime.

Fact is I've never paid to much attention to money matters.

What's the difference between a 401 and a "stodgy old traditional IRA"?
I've got both, and they're both in a diverse mix of mutual funds.

Was your buddy day-trading individual stocks in his 401? That's
just dumb.

Cindy Hamilton

+1

Most traditional IRAs are in stocks.


A few years ago I shifted to bonds. I'm more concerned about avoiding
steep loss than the benefits of a big gain.

Sure, that's typical too, you're retired. But over a worker's lifetime
the logical choice for most of the working years is to be in stocks.
And there are a lot more people working than retired.