Like most 9-to-5ers, I contribute to my company’s 401(k) retirement program. My employer has a matching plan to match 50% of my investments up to 4% of my wage.
That means for the first 4% of my wage I’m actually “contributing” 6% of my wage but it only costs me 4% (thanks to my employers match).
This results in effectively a 50% ROI – at least when the money first goes in. After that it’s up to my investment choices and the market’s performance.
Today I decided to do a little re-balancing in my account. I’m cleaning out the “near net-zero” accounts, those that I haven’t made or lost much, and funneling those funds into the “riskier” international funds (which are VERY low right now).
I’m also trying to “bail out” of what little investments I have in some so-called “mortgage” accounts, to try and cap my losses there (I should have done that a few weeks ago!). When trying to do that I got the following message:
This is the first sign of “Black Tuesday” prevention that I’ve seen – ever!
Have we really gotten to that point?
As a side note, silver is trading for $10.85 today.