Quote:
Originally Posted by NOVA
Greg, First I truly commend you and all the others that have contributed to this thread, simply awesome and the discussion is very easy to understand, I wanted to comment on Apple, my 401K is switching out one fund and adding (Ticker PRWAX - T.Rowe New America Growth) there biggest holding is Apple, then Google, it is going to be available to us March 22nd, I knew that I was going to get in, this just confirmed it. (now I have not decided how much just yet, but I am putting some in for sure!)
My 401K is very similar to others we can only pick funds that are in there (we have about 12 choices of Large, Medium, Small caps, a bond fund and a basic money market fund) but I check them and I try and make sure I am in the ones I feel are the best for me, I have about 25 years until retirement so my risk level is higher then someone who is 5 years away from retirement.
Thanks again Greg (and WSSix for starting this thread) for putting your time into this thread and educating us on this subject it is truly very rewarding and interesting, I check it daily!
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Appreciate the fact that YOU appreciate this thread!
Remember -- BALANCE.... Your AGE should have you in more "risk"... you have a very long time on your side. Remember that just because you retire in 25 years -- you don't DIE in 25 years! You're not going to suddenly stop all your investments and draw down every dime to cash. You're going to live another 20 years -- so your time horizon is FAR longer than most think!
You can not separate RISK from GROWTH.... You can however, balance your risk / growth scenario with compounded dividends... some steady eddies.. etc. No bonds at your age -- ZERO.