UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: AliFool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: New direction. Date: 12/9/1998 6:58 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
OK, so no more of dabbling in this and playing with that. This Fool means business.

When I first joined the rat race less than a year and a half ago, I had no clue about 401Ks and mutual funds. I had 11 choices, and I put some in ALL of them. Diversity was supposed to be a good thing, so why not? : )

After reading the Fool, I made some effort towards consolidation. I didn't need the income-preserving assets, I needed long-term growth. But I was still sort of entranced by the possiblity of the Asian crisis turning around, and world markets booming.

Now... I am more interested in individual stocks. I've started my own Roths in addition to my 401K, and I pick my own companies. Fun stuff. A sort of new hobby.

Recently, I combined all the remaining funds in my 401K into our plan's equivalent of the S&P Index Fund, but you know... there is still a pretty high fee associated. Makes me darn mad, even if it IS pretax money.

BUT... the company got smart. In '99 we are switching our 401K plan over to Vanguard, and guess where all my Index money gets transferred?! Yup. Vanguard's S&P 500 Fund, operating expenseses of 0.19. This is a Good Thing.

--AliFool
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement