My 401K is tied to my company so there is not many choices. Basically we get to choose
groups of funds which track the indexes.
So I have about 30% In Small Cap, 35% in Large Cap, 5% in Bonds, 10% International,
20% Fixed Income Mutual Funds.My wife has a much broader choice with her
401K and her company. Most of her portfolio
is about 40% company stock and the rest in
AGG funds. She has done well and should do
pretty good in 2004. 2005 will be another issue and we will look at being a bit more conservative towards the end of the year.
I'm in the mid/late 30's and trying to catch-up.
As far as doubling...
Started with a single $2,000 deposit to my Ameritrade account. Then began trading about 16 Months ago now. My current liquidation value is just under $16,000.
My biggest gainer has been ADZR I have
held this from the begining and accumulated
when the stock fell to .022. So my average
price was .025 the stock hit .46 on Friday.
I have been trying to double the value every
6 months of my portfolio. (Liquidation
Value)
I now have a better handle on how to manage
my portfolio. I am by no means an expert
but realize I made some very stupid mistakes
early on.
Our retirement accounts are growing slow
and steady. So we will not touch these.
The Original $2,000 that I invested to try
out some techniques I had been working only
represented about 5% of our nest egg. So
this was fun money to learn with. If I turn
it into 20K thats great... If I lose it... then I only lost 2K in my mind.
My goal now is to turn the 16K into 32K
by the end of summer. This will be more difficult.
2004 is suposed to be a good year for the
market. So I am going to try to take advantage. Once I hit the 20K mark then
I will segment any additional gains into
5K chunks and start trying some techniques
on the big boards.
I am not taking anything out. We are getting
by without this money so my wife and I
are committed to try to turn this into
50K by end of 2004.
With the recent success I am going to
open a ROTH IRA with 2K and then see
if I can match the previous success.
Taking a more longer term approach. (Not
so aggressive.)
I am also considering taking an additional
2K and starting another account to try
a different approach. (Then I am
really done.)
But we will see... I have not really lost
any money yet so things might be going to
my head a bit.
15% a year is very good. If I could do that
across my entire portfolio (including
retirment accounts) I would be very happy.
I will pull up the info requested and
then we can discuss...
Shad