"BMT Investors" Bulletin Board

[Joey Mack]

I dont remember.. I guess my fault is not knowing that answer. 

[Brocky]

13 minutes ago, kscarbel2 said:

Often, you can earn more money not contributing to a 401 but rather investing yourself. And that's even if you invest in mutual funds because you aren't confident with stocks.

How much does your employer match your contribution?

KS, you are correct to a point.. If you do not put in the amount the company matches you are taking a pay cut.. BUT beyond that amount IF you have a decent personal financial manager you can often grow better outside a 401.. IF you can force yourself to make that contribution into another account rather than it being taken out before you see it?? Quite often we are all guilty of spending the money instead of saving it..

[mowerman]

14 hours ago, Brocky said:

Joey, You must have a 401 account with the county??? Put in at least the percentage they match.. We put in a higher percentage at times between truck payments.. and actually we only had the 401 and company retirement for less than 15 years.. We are not rich, But comfortable.. and so far just the company retirement and Social Security more than covers our monthly expenses without touching the IRA..

Ya same here 2 retirement pots I haven’t touched emergency backup dough.. bob

[mowerman]

13 hours ago, Joey Mack said:

I dont remember.. I guess my fault is not knowing that answer. 

You’ve got plenty of time to worry about the investments, but do a lot of research before you move your money because some of these investment firms do not follow your money like you think they should be doing Good luck

[mowerman]

I’ve got mass mutual MML. They seem to be doing OK. I’ve only been in there a short time and the other pot is through our local credit union which is promising me the world let’s see what happens.bob

[mowerman]

and brocky,,,,my wife tells me the same thing,,,,quit looking at it,,,,but im basically just following how much its dropping,not expecting any miracles right now ,,

[Brocky]

1 hour ago, mowerman said:

You’ve got plenty of time to worry about the investments, but do a lot of research before you move your money because some of these investment firms do not follow your money like you think they should be doing Good luck

The main reason I went with Wells Fargo was that I inherited a small Prudential stock account when my mother passed away. Wells Fargo had purchased the Prudential system. Also I liked the WF man when I met him a lot better than the Vanguard man who had our 401 acct with our company.

[mowerman]

When I had vanguard it dropped 50,000 bucks when dumb dumb was president and stayed there around 3 years then I signed up for digital adviser and and grew like man around 6 months ago went back up the 50 Gs I lost .. but I was told by financial advisor it was still better to move it to IRA 

[kscarbel2]

14 hours ago, Brocky said:

KS, you are correct to a point.. If you do not put in the amount the company matches you are taking a pay cut.. BUT beyond that amount IF you have a decent personal financial manager you can often grow better outside a 401.. IF you can force yourself to make that contribution into another account rather than it being taken out before you see it?? Quite often we are all guilty of spending the money instead of saving it..

If the company match is less than a dollar, and capped, I generally tell people to refrain from the 401 program and invest in a good mutual fund.

While the best years of mutual funds were 1980 thru 1997, there are a handful of funds that have a long-term 10+ year track record of sustained high performance.

That said, you can gain stock buying confidence by purchasing companies you know (truck makers). That's out area of expertise. If you bought Oshkosh at $4.00 in 2008 (global financial crisis total market melt down) and sold in 2021 for $133, your nervousness about stocks would be gone. Invest in companies and industries you understand, and stay away from the rest.

[kscarbel2]

https://www.breitbart.com/economy/2025/05/02/u-s-added-177000-jobs-in-april-better-than-expected-as-economy-defies-doomsayers/

[kscarbel2]

1 hour ago, Brocky said:

The main reason I went with Wells Fargo was that I inherited a small Prudential stock account when my mother passed away. Wells Fargo had purchased the Prudential system. Also I liked the WF man when I met him a lot better than the Vanguard man who had our 401 acct with our company.

No one will manage your money with more dedication than yourself.