I have a -5.00% return for 2007 contained by my 401K. I am currently down 2.3%. How are others fare? Advise me!?
Should I stick this out. I had 16,000 and I'm down to approx. 14300.Answers: That's a personal conclusion. Only you can make it. What have been your biggest return? You don't really contribute a lot of info.
Pay no attention to it! As long as you are invested contained by options appropriate to your age, volatility is your friend contained by the long run.
You invest in your 401(k) automatically, right? Imagine you are buying can of tuna & putting them in a warehouse* to get through when you retire in 20 years. You enjoy 15,000 cans you compensated a dollar each for. The price of tuna go down 2.3% (so now it's something like 98 cents a can), should you buy more, or sell adjectives the cans you hold saved up?
Buy MORE, obviously!
The market other goes up and down surrounded by the short-term, but goes up over the long-term. If that ever change, having a million dollars surrounded by cash or gold ingots or whatever will be meaningless anyway, society will hold come to an end!
What are you investing within?
Does the bank pay you more money back to have a savings accout with money, or a checking account with money?
Answers: Savings account gains more interest than a checking. Sometimes a checking is not even interest bearing.
My savings APY is 5%. They also vary by balance. The more you have the better the rate.
That's even better than a money market savings at places I have looked into.
Generally, there will be a higher rate of interest on savings accounts than on regular interest checking accounts.
But, there are some money market checking accounts which can pay rates of interest comparable to savings accounts, but these types of accounts will limit your check writing.
Typically saving accounts pay a higher rate of interest, and depending on how long you could leave it, without withdrawing, maybe higher yet (money market) and don't forget to check the minimum balances needed in order to avoid the monthly service fees, and ATM withdrawal fees. You need to know how you would use the account first and then could determine bottom line, what is my money really paying in the end
Hav u ever specified anyone that would drive 25 miles to let go a 5 cents per gallon..?? or bought things they?
didn't want JUST to get a import tax break...??Answers: no i have never know anyone to do that...