Master Don Juan
- Apr 21, 2018
- Reaction score
- Bridgeport, CT
Not sure about that. Depends on who's the custodian and what funds you have access to. If it's loaded funds, then yea, it sucks. However, it's it's no load funds, then you'd do well over time. All you need is the broad index, S & P 500 and a US bond fund. If you want to go a little crazy, go for some international exposure. The SE Asia countries have a lot of upside over the long term. It's like China 30 years ago. But hey, I'm a toad, so take it with a grain of salt.6 months' salary in liquid cash checking account. One year is even better but I'm happy with 6 months.
I realize that 401(k) is a dogshiat idea designed by politicians and the superrich to protect and empower the wealthy few. Very few know what a pension is, and very fewer have a pension. So I choose minimal contributions to my 401(k). Nothing high risk (though ALL of it involves risk). I like middle-of-the-road returns. Slow and steady wins the race...until the greedy Wallstreeters are again allowed to go unchecked and destroy the financial system like they did in 2008.