Comments on: 201K

By: MM101 Summary «

MM101 Summary « — Mon, 27 Apr 2009 06:07:29 +0000

[...] been looking at our MM101 activities ranging from our housing, to our choice of transportation, retirement accounts, debts, income statements and net worth statements. These MM101 building blocks are definitely [...]

By: Retirement Accounts: 7 Case Studies « How to Make 7 Million in 7 Years™

Retirement Accounts: 7 Case Studies « How to Make 7 Million in 7 Years™ — Wed, 11 Mar 2009 07:45:12 +0000

[...] Mark – The title of his post is 201k in reference to the beating that the stock market has given it recently, but Mark has a long-term view; it seems to me that he hopes to reach a large Number through investments, etc. and leave his retirement accounts simmering along nicely … if the meat’n’potatoes of his Wealth Strategy don’t pan out, then perhaps he’ll have a nice hot financial stew waiting for him when he reaches 60? [...]

By: Adrian

Adrian — Tue, 10 Mar 2009 03:07:04 +0000

@ Mark – then see my comments to Jeff about what happens to the size of your 401k/etc. if you divert even some of the current MM101 stream to even some of these MM201 activities:

http://7m7y.com/2009/03/06/flying-on-auto-pilot/#comment-1703

… just something to keep in mind when planning your strategy

By: Mark

Mark — Mon, 09 Mar 2009 23:25:23 +0000

@Josh – I knew the lessons and the advice. My main issue is to follow through and implement them – i.e buying puts collars for insurance.

@Diane – Point taken. Looks like you read a lot about investing in different areas. I’m focusing on some real estate at the moment.

@Adrian – My 401K and my other retirement accounts are my savings vehicle. Not my investment strategy to reach my number. To reach my number, it has to be in the big 3 – real estate, stocks/options and online business. Looks like I can only focus on one at a time. I’m exploring virtual assistant to help create more time.

By: Diane

Diane — Thu, 05 Mar 2009 23:09:03 +0000

Well, just to be cynical – anywhere big business decides they want to make money, doesn’t the military go in there and stabilize it first? Okay, maybe that was a different regime and country.

By: Adrian

Adrian — Thu, 05 Mar 2009 08:03:28 +0000

@ Diane – Australia is a great market for land (major cities and east-coast ocean) and resources (uranium, gold, iron ore, copper, bauxite, industrial diamonds, etc., etc.). Most of Africa suffers from political stability issues … it will be interesting, to say the least, to see what happens in South Africa after they host the (soccer) World Cup in 2010.

@ Mark – I am interested in your strategy to reach your Number and your 401k role – if any – in that. Do you see the 401k purely as an ‘insurance policy’ in case you blow your plans? Or, are you trying to give yourself time to ‘recover’ from the losses over the past couple of years?

By: Diane

Diane — Wed, 04 Mar 2009 14:32:52 +0000

All good lessons are those that are costly. Mark, you have the right attitude regarding the 401k money coming back up over the next 20-30 years. I hope you are working the individual investments within the 401k as much as you can, however (I suspect you are ).

I invested in a couple of things along the way that helped me learn: an IPO in a biogen stock – very interesting. Didn’t make a lot; didn’t lose a lot. I tried the REITs (International) recently and didn’t see a lot happening there. I would think that AFRICA is the place to look now. It has been on the horizon for a while as an emerging market, but continued to be overlooked for others which were more lucrative. I think that part of our historical roots will show a much bigger change and possibly therefore better returns on investments (read higher risks) in that region. Look for big US companies putting dollars investing there; those are the companies to buy into, as long as they are not racking up huge losses with over expansion into other areas doing poorly. South Africa may be the best bet (most familiar to the investing US populace), but there could be hidden areas. I would look for mining and logging type work – exploiting natural resources – as well as infrastructure (construction, transportation, communication) companies. FYI, Australia may be another place to look, as well as other smaller countries which speak English officially (like Ireland) and have exploitable resources or crafts. For Australia, that would be land, for Ireland, Waterford, tourism (small), and such. The desire to invest won’t go away, but the scare will leave folks wanting to invest in something they can understand. Least these are some of my thoughts as to how the money may flow when it starts to flow again….

By: Josh

Josh — Wed, 04 Mar 2009 14:15:59 +0000

Hey Mark, I can definitly relate to hard lessons in the stock market, the good thing is once learned, you can use that experience to either make it back, or subvert a loss in the future.