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Investing/Strategies / Retirement Investing
|Subject: Re: Recovering the 401k||Date: 3/28/2013 4:58 PM|
|Author: 0x6a74||Number: 71541 of 78028|
I recently had to liquidate my 401k due to an unforeseen between jobs situation. I still have some of that money left, and would like to find out the best way to achieve my goals:
1. Rebuild this back up to its previous levels, in an accelerated fashion (but with tolerable risk)
2. Make a plan on how to continue a fast growth plan in order to retire properly
3. For the sake of argument, lets say I have $10k that I want to grow to $50k to regain what it was at. Stock market investing seems like the best way to do this. How should I split up my investment portfolio? 10 x $1k? 5 x $2k etc.?
4. Whats my best strategy from the $50k point onwards?
Newly Foolish, trying to be less of a former fool, and a better Fool going forwards :)
I think we'd need to know your time frame
and when you say 'rebuild'(1), do you mean 410k? or a taxable acct
yes a Plan would be a good idea ,but details depend on ??
IMO , short term the only way to turn $10 into $50 is
stocks.... but they can also turn 10 into 4
what do you mean by "split the portfolio"?
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