401k performance

Sami
Sami Posts: 4,634
edited January 2010 in The Clubhouse
What was your 2009 401k performance in percentage?
Post edited by Sami on
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  • opus
    opus Posts: 1,252
    edited January 2010
    my buddy at work who I compete with beat me this year with 62%:eek:


    mine was less
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  • danger boy
    danger boy Posts: 15,722
    edited January 2010
    negative something i'm sure of that.
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  • Sami
    Sami Posts: 4,634
    edited January 2010
    I just opened mine and was a little surprised. 53.97%. I haven't checked my IRA yet but I believe it's in the same range.
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  • Pycroft
    Pycroft Posts: 1,960
    edited January 2010
    Close to 30%
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  • Polkersince85
    Polkersince85 Posts: 2,883
    edited January 2010
    I put every thing I could into mine last year. Something about buy low-sell high. I'll look at it after the recession is over.
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  • fatchowmein
    fatchowmein Posts: 2,637
    edited January 2010
    75%. I'm no Buffet. Just gambling with my 401k and got it right this time.
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  • dorokusai
    dorokusai Posts: 25,577
    edited January 2010
    I have a private manager for one account and a company managed allocation for the other...would this % be on my yearly statement? I barely pay attention to this stuff...its awful.
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  • Sami
    Sami Posts: 4,634
    edited January 2010
    fatchowmein wrote: »
    75%. I'm no Buffet. Just gambling with my 401k and got it right this time.

    Too bad my 401k isn't individual stocks. My IRA, which is, seemed to give me 77% return rate. Good to see times are getting much better.
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  • Sami
    Sami Posts: 4,634
    edited January 2010
    dorokusai wrote: »
    I have a private manager for one account and a company managed allocation for the other...would this % be on my yearly statement? I barely pay attention to this stuff...its awful.

    It should be. I had to calculate my IRA rate myself but it was easy since I don't make any contributions there, it's my previous 401k that I transferred over.
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  • billbillw
    billbillw Posts: 6,724
    edited January 2010
    Very good for 2009, but it doesn't make up for the slide from 2007 thru 2008.
    For rig details, see my profile. Nothing here anymore...
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  • Knucklehead
    Knucklehead Posts: 3,602
    edited January 2010
    All I know is my 401K lost 14K in 2009!:eek: Its slowly rebounding but damn....I think Vanguard takes care of mine.
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  • Sami
    Sami Posts: 4,634
    edited January 2010
    billbillw wrote: »
    Very good for 2009, but it doesn't make up for the slide from 2007 thru 2008.

    No, but it's a good sign and I prefer it over continuing that slide... :D
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  • danger boy
    danger boy Posts: 15,722
    edited January 2010
    does your employer contribute to your 401k? mine doesn't and hasn't for a year. so I had to bump up my monthly contributions. the modest gains right now for me are nowhere close to where I was pre 2007.
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  • Sami
    Sami Posts: 4,634
    edited January 2010
    Yes but those aren't (shouldn't be) calculated as gains.
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  • cstmar01
    cstmar01 Posts: 4,424
    edited January 2010
    eh I did I thought well with 52%. The way our company does it, you do your own contribution what you want, then have a choice of stocks, and other things you can place your money into. I'm always the stock route and managed to do alright. The one thing I don't like is they have pre selected choices for stocks, for example I can't just say I want apple, its more general and I don't care for it. Wish I had done more as I saw some very good months but overall happy. They will then add in some contribution at some point based on what I did, so I'll see a bit more which doesn't hurt.
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  • Shizelbs
    Shizelbs Posts: 7,433
    edited January 2010
    Nothing amazing compared to some of you.
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  • concealer404
    concealer404 Posts: 7,440
    edited January 2010
    It was about 42%, then i pulled it all out and bought stock in the company i work for instead. And now, every week, i have it set up that whateverwas going into my 401k, buys stock.

    Considering that the stock went up over $20 a share this year... i'm ok with that. :)
    I don't read the newsssspaperssss because dey aaaallllllllll...... have ugly print.

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  • kevhed72
    kevhed72 Posts: 5,046
    edited January 2010
    What 401K funds pulled in 40 - 60% ? last year? Were these bond funds....just curious.
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  • concealer404
    concealer404 Posts: 7,440
    edited January 2010
    kevhed72 wrote: »
    What 401K funds pulled in 40 - 60% ? last year? Were these bond funds....just curious.

    Honestly, i don't really know anything about it, other than i was dumping in 10%, and my employer was matching up to 6%. Like Doro, i'm bad about keeping track of that stuff, and i don't really worry about it much. I had no idea how much was in there when i went to pull it.

    And i really only pulled it because i noticed how cheap stock was at my company, and because i'm a young stupid kid that didn't stand to lose a whole lot in the grand scheme of things.

    I probably didn't make much more money this way, and probably won't overall, but it's just more fun to see that banner and calculate how much i made a day. :D
    I don't read the newsssspaperssss because dey aaaallllllllll...... have ugly print.

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  • shack
    shack Posts: 11,154
    edited January 2010
    2009 saw modest growth....but not enough to make up for the 2008 losses.

    I have a new retirement plan...

    Work till I die. :(
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  • wz2p7j
    wz2p7j Posts: 840
    edited January 2010
    Statement of fact - over time stocks will always generate returns of (insert figure here - 12% is usually stated)

    Well guess what, I don't really care about "over time." The only period I care about is the 15-20 years after I tap into it when I need it.

    Said another way, if I live forever after I retire, I should realize 12% returns. Cool - I don't plan on living forever.

    I can say over the last 12 years I've generated average returns of -21%. That is to say, I never got back to where I was in 1998.

    So I'm cashing out of my 401k, penalties and all, in about a year but have a unique situation where I can generate 12-13% with no risk, so I'm going for it.

    Chris
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  • Pycroft
    Pycroft Posts: 1,960
    edited January 2010
    WZ- Safe 12-13%??? I don't believe it :) Why not share *Wink wink*

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  • wz2p7j
    wz2p7j Posts: 840
    edited January 2010
    James,

    Well, you saw my past 12 year performance of -21% per year so I started thinking a little differently.

    I own this business paying about $5000 per month rent. So I'm seriously thinking about cashing out of my 401K currently valued at about $300k and buying/building my own facility.

    With what I net and a small mortgage, I should be able to trade a $5000 rent bill with a roughly $1000 mortgage plus taxes and utilities and such.

    There's different ways to cash out of 401k's but that is the general concept.

    Chris
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  • Monster Jam
    Monster Jam Posts: 919
    edited January 2010
    billbillw wrote: »
    Very good for 2009, but it doesn't make up for the slide from 2007 thru 2008.

    Exactly. I answered the question without really reading. Since its inception, I think I am down 0-10%.
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  • DeusExa
    DeusExa Posts: 491
    edited January 2010
    ah...should i know what this whole thread is about?
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  • tonyb
    tonyb Posts: 32,952
    edited January 2010
    Shouldn't the more appropriate question be....have you regained all your losses yet ?
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  • NotaSuv
    NotaSuv Posts: 3,849
    edited January 2010
    tonyb wrote: »
    Shouldn't the more appropriate question be....have you regained all your losses yet ?

    Which the answer would be..No..
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  • Sami
    Sami Posts: 4,634
    edited January 2010
    tonyb wrote: »
    Shouldn't the more appropriate question be....have you regained all your losses yet ?

    No. I was just trying to see how well we are rebounding. I don't think many of us are back to where we began before the slump but it's getting close. If things continue like this, 2010 we will be back and over.
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  • tonyb
    tonyb Posts: 32,952
    edited January 2010
    Sami wrote: »
    No. I was just trying to see how well we are rebounding. I don't think many of us are back to where we began before the slump but it's getting close. If things continue like this, 2010 we will be back and over.

    You know the old saying Sami...When your at the bottom, there's only one way to go. If you consider 6500 in the DOW the bottom, today hanging out around 10,600, then most have started to gain back their losses. 2010 may be good for wall street, but it's main street with the problems. I fear another down trend unless consumer spending picks up and with the unemployment situation as it is, don't see any significant gains untill they can get that lower.
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  • concealer404
    concealer404 Posts: 7,440
    edited January 2010
    ^And you're also reported. Go away.
    I don't read the newsssspaperssss because dey aaaallllllllll...... have ugly print.

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