Changed 401k Investment Elections
Today I changed the funds selection in my previous employer’s 401k. I was investing about 30% in Global funds, 15% in financial funds, 30% in world wide health, 10% tech, and the remaining 15% in small, mid and large cap funds. I moved the 15% in financial over to global funds.
In my current job, where I’ve boosted the 401k through a high contribution[currently 30% of income which I'll change from the 1st of Jan] I changed it to 60% global and international funds, 10% value income funds and the rest a mix of small, mid & large-cap funds.
Its not that I don’t have much faith in the US economy[which I don't], but rather that I feel even if foreign stocks will do slightly better. I do feel that the US dollar will drop another 20-30% over the next few years which will boost the returns on global funds.
If I had to choose US companies, I’d stick to multi-nationals like Unilever, P&G and Walmart which have a large amount of foreign income and pay out dividends. Can’t see myself investing in stocks that don’t pay out dividends. I tried that once in 2000 and lost my shirt!
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November 29th, 2006 at 5:23 pm
What about Berkshire Hathaway?
Currently my 403(b) is going 50/50 into CREF Bond Market Fund and TIAA Real Estate Fund…
November 29th, 2006 at 5:48 pm
unfortunately my 401k doesn’t allow me to invest in Brk-a
you probably get a 50% match on your 403b so you’re set!!
December 3rd, 2006 at 5:45 am
Love Walmart or hate it, it’s worked for me.
http://1sttimeinvestor.blogspot.com
/2006/02/walmart.html
January 31st, 2007 at 2:20 pm
http://www.the401ksupercenter.com helps Walmart employees make their choices about what they invest in