I read most of these pages and come to the conclusion that the funds I have been contributing to for the last 8 years kind of suck.
Unfortunatly though my UPS/Teamster 401k plans all the plans are really safe. S&P 400, S&P 500, Russel 2000, etc. I contribute the FUND which has pre selected stocks/bonds in the fund. I'm not able to select one stock per say. I purchase UPS stock and a discount of 5% on the lowest quarter.I put 12% or 10k into the fund a year pre tax. I just started a Roth, not much in there. I'm thinking my 401k plan stinks with too many bonds.
Should I stop my current 401k plan with the teamsters and open another one that I can select better perfoming stocks"more control of where my money goes"? Could I still purchase these stocks pre tax to lower my income for tax purposes? Say I put $200/week into these stocks, say I pick 6 or 7 stocks I like. Are you guy's holding onto the for say 20 years or are you constantly buyiong selling. I don't know much about the market and wanted kind of set it and forget it approach or is that dumb.
Thanks guy's
John
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