I logged into my 401k account to check and see how things are doing. In the first few months of the year, my average return was about 2-3 % year to date. I went in and rebalanced my account about 2 months ago to make sure I had my funds distributed among multiple asset classes. For about 3 years, the majority of my account (approximately 60%) of my account was invested in my company stock. I read several reviews where this was a bad idea for a number of reasons so I decided to do a little switcheroo. My account is currently divided as follows:
- Domestic Equities - 36.42%
- Foreign Equities - 52.99%
- Bonds - 4.58%
- Short Term - 4.86%
- Other - 1.15%
I have not checked the return on my account since I redistributed my account among multiple asset classes. When I logged on today my return YTD is 12.2%. I know alot of this is due to the recent surge in the market but if I can continue to get at least a 9-10% return, I will be very happy.
BTW: Right now, I am only contributing 6% to my 401k in order to get the full company match. I don't want to leave any money on the table. Once I get my debt out of the way, I plan to up my contribution to at least 10%.