Median 401K Balances

[mspart]

On 2/3/2024 at 2:40 PM, ionel said:

How much longer?

A lot!!

[jross]

On 2/1/2024 at 10:58 AM, jross said:

I could tell you what stocks I like, but you'd miss out when I no longer favored them and be angry when I missed them.

AT&T, Verizon, and Western Union were good buys recently at lower prices.  The share price has recovered nicely, and the dividends are very good.  I will not hold those three beyond 2024.  SOFI is a rapidly growing bank that recently became profitable.  I am bullish on SOFI through 2026.  The stock price is being manipulated, so it will cause a new person to freak out, like the recent 20% gain and sell-off with earnings.  For the longer-term holder, I like buying SOFI for under $8 and holding through 2026-2027 for $20.  I've been tracking COTY since 2020, listening to the quarterly earning calls, etc.  The company made many mistakes, changed leadership, and has returned to its profitable ways.  This goes from $12 to $15 and returns dividends in 2025 in my analysis.  SOFI and COTY are underpriced, though I'm not buying more COTY unless it drops to $ 10.50.  I like high insider buys on profitable companies on the low end of their 52-week price range as prospective companies to perform due diligence on for my buys.  I also look into companies like Roblox because my kids play the game, but it's a no currently as they do not seem to have a path to profit.

SPX and NDX index funds remain safer hands-off investments with great returns since 2020.  See below for reference and note that the 'current' rows compare the beg of 2020 to a price check in the past week.  I think S&P will be down in the first half of 2024 and be better in 2025... especially if we get a pro capital Trump as president.



As for me, I'm a maniac that swing trades and holds individual stocks... putting in larger amounts across a small number of companies.  A recent stupid decision was thinking there was a runway for DISH to return on a mid-term holding investment, and instead, it merged with Echostar and keeps losing value.  Frick.

edit: redid image

 

Update

I did not buy into Roblox.  From Feb 1st to Nov 25, it is up 26%. 

Not all activity is pictured.

SOFI has tailwinds behind it and is ahead of schedule on growth.  
COTY has headwinds in front of it, but the price is beaten down and is a buy under $8 (for me).

My price targets for SOFI and COTY are 30% up in March 2025.

I'm thinking of moving out of BABA and LUV.  Not sure to move to cash, bonds, existing holdings, or new opportunities.

Do you own due diligence.

[wrestlingguy]

On 2/1/2024 at 8:02 AM, Wrestleknownothing said:

https://www.cnn.com/cnn-underscored/money/average-401k-balance-by-age

Fidelity estimates you should save from all sources:

1x your salary by age 30

3x by 40

6x by 50

8x by 60

10x by 67

But according to Vanguard median 401k savings (not all sources) is only:

25-34: $11,357

35-44: $28,318

45-54: $48,301

55-64: $71,168

65+:     $70,620

Get saving and investing, people. The stock market is a tremendous engine for wealth creation. Do not miss out.

Damn. The actual median savings is sad.  

[mspart]

I wish I had 5 million in my 401K.   No matter how much I wish it, it just doesn't happen.  

mspart