The "change" we were promised?

Started by Old-Navy, 05-04-2009 -- 19:45:08

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OlDave

Quote from: griff61 on 05-06-2009 -- 18:52:02
My 401k has nearly tripled since December, got to love a good bear market every once in a while.

Wow! I should be bugging you for investment advice if you are getting almost a 200% return over 5 months. The Dow is only up about 4.5% in that period and even the Nasdaq is only up 26%.

griff61

Quote from: OlDave on 05-07-2009 -- 06:13:58
Quote from: griff61 on 05-06-2009 -- 18:52:02
My 401k has nearly tripled since December, got to love a good bear market every once in a while.

Wow! I should be bugging you for investment advice if you are getting almost a 200% return over 5 months. The Dow is only up about 4.5% in that period and even the Nasdaq is only up 26%.
I dumped most everything into money market in September and then went back to buying a Fidelity Energy fund that was at $115 before the panic but was selling for around $20 in January, it's pushing $50 as of yesterday (up $1.75 to $49.13), so I guess I'm more like 2 1/2 times.
Of course if it goes south I've screwed the pooch...but I have a few years before retirement anyway, so there's time to recover. I'm not close to being a millionaire, but it's nice to be right in the market every once in a while.
Sarcasm - Just one more service I offer