Is there a stock or an exchange traded fund that is tied to the price of silver?
Answers: SLV
look under precious metals not sure what the stock name itself is though
The souk seem up and down. Should I unfilled my 401?
I am concerned about the 20% import tax hit but I have a sizeable amount within my 401K and feel it could be used more effectively. Plus I am worried going on for the Market taking a dive.Answers: As the other answers point out, there is other a low risk investment option surrounded by a 401k. So worry over stock bazaar performance is a pretty thinned reason to incur such a big tax bite.
The article that strikes me, however, is your phrase "feel it could be used more effectively". I wonder exactly what you consistency is more effective than a export tax deferred 401k. What alternative gives you a better randomness to enjoy a financially in safe hands retirement? Your estimate of a 20% tax hit may awfully well be low, but even if it's on target you will still be making your alternate investment near only 80% of the funds within your 401k. You would have to relish really spectacular returns from the alternative to make up for the loss of principal to the tariff man.
I can't tell you if the marketplace will go up or down within the short term, but you can avoid souk risk without taking the export tax hit.
Almost every 401K plan offers a low-interest, low-risk resort. This may be a money market fund or an ultrashort bond fund. These funds don't earn much money, but also don't walk down when the market tank. Expect to get 3-5%.
So, you can capture out of stocks and leave the money surrounded by if the current market volatility make you too nervous and you are have trouble sleeping at night because of it. Your retirement money will be protected, just out of order very knotty.
The market other goes up and down. Rather than closing out your 401 you could move the investments within the 401 to something safer. Treasury bills, etc. That way it is still contained by the 401 but less volitile. Plus, you don't achieve the tax hit.
PS. The 20% is only just the beginning. There could be penalty and additional taxes.
So, you're thinking MAYBE lose 10 or 15 or even 20% if the "souk takes a dive"...or GIVE AWAY 10%( penalty) and at lowest 15% ( taxes)... look at it a little closer, please.
Go to yahoo/finance and put ^GSPC surrounded by the "quote" box..(.it's the S&P 500)...then budge to " charts"...look at 2 year chart...May '06...Mar'07..Jul'07...Oct'07.ALL big drops, but things come back...a 401 is a long-term investment...agree to it ride. If you're really panicky, get into the safest investments they bestow...BUT DON'T GIVE AWAY ALL THAT MONEY TO POLITICIANS TO SPEND ON NONSENSE !!
Go back to the chart and bring up "max"...see that strip from bottom left to upper right? THAT's what you want waiting for you surrounded by a few years...
Beyond " not panicking" I would even say...receive " international" in your funds ...that and the " safety" plays ought to achieve you through the next year withouy cumbersome losses.
You DON'T want to "empty" your 401(k) account. If you are not comfortable next to the investments you are in, move them into more conservative ones inside the plan. Your plan has to submission investment alternatives.
How many different stocks does Warren Buffett own?
Answers: Coca-Cola Co.
Wells Fargo & Company
American Express Company
Procter & Gamble Co.
Burlington Northern Santa Fe Corp.
Johnson & Johnson
Moody's Corp.
Wesco Financial Corp.
US Bancorp
Anheuser-Busch Companies Inc.
ConocoPhillips
Washington Post Co.
Wal-Mart Stores Inc.
M&T Bank Corp.
USG Corp.
Union Pacific Corp.
Bank of America Corporation
Nike Inc.
Trane Inc (formerly American Standard - ASD)
Dow Jones & Co. Inc.
WellPoint Inc.
Costco Wholesale Corp.
General Electric Co.
Unitedhealth Group, Inc.
Comcast Class A Spcl
CarMax Inc.
Iron Mountain Inc.
SunTrust Banks Inc.
Lowe's Companies Inc.
Torchmark Corp.
Gannett Co., Inc.
Sanofi-Aventis
The Home Depot, Inc
WABCO Holdings Inc.
United Parcel Service, Inc.
Norfolk Southern Corp.
Ingersoll-Rand Co. Ltd.
Comdisco Holding Co. Inc.
its a list of about 25 or so for stocks,, he also owns some companies you can't buy (he owns all of them) the list at www.thewallstreethunter.com is a complete list of what he owns now, they also track the performance of those stocks and tell you when he buys new ones,
Buffett is only required to release his holdings 4 times a year, so he may be buying something today that no one knows about...
Good luck