# How is everyone's 401k doing?

**URL:** https://forums.speedlife.net/t/how-is-everyones-401k-doing/194962
**Category:** PittSpeed Off Topic
**Created:** [January 22, 2008, 6:59am UTC](https://forums.speedlife.net/t/how-is-everyones-401k-doing/194962 "2008-01-22T06:59:01Z")
**Posts on this page:** 1
**Showing post:** 25

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### Author: ![Bravada\_442](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bravada_442/32/5982_2.png) [@Bravada\_442](https://forums.speedlife.net/u/Bravada_442)
#### Post date: [January 23, 2008, 8:33am UTC](https://forums.speedlife.net/t/how-is-everyones-401k-doing/194962/25 "2008-01-23T08:33:01Z")

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> [@USB Cup Heater - Target - $2.50](https://forums.speedlife.net/t/usb-cup-heater-target-2-50/34533/2):
>
> Maybe not right now is THE best time, but in the future it is. I do not think just b/c I have a degree I know everything. I did learn a lot about the history of the market and when to invest and when to sell. I do not currently work in that field of finance, but my wife does. She has for 8 years and understands the market better than me and a lot of other people. We were out yesterday with one of her bosses who is very successful and were talking about the current situation. To sum it up yeas the market is going to get worse, but in the near future it will be a good time to buy.
> 
> I am not saying to blindly throw money into the market, you have to know where to invest and when…that is why it is best to let the people who know what they are doing help you make that decision.

I can agree more with some of the things you are saying here. The market is never a science. It is obviously a game where you have to hope that you are getting in on the ground floor, but right now is definitely not the time to be getting in.

Near future will be a good time to buy, but in terms of long term retirement investments, “near future” can be a year or two away.

And really, unless someone is rocking a series 7, there is really no way for you to even be remotely accurate in guessing where this market is going to go. I’ve been getting ready for my 6 and 63 (because work is slow and I need something to do, haha) and they shouldn’t be bad, but fuck that 7. It would take a year of studying to take it. I’ll just go back to school thank you very much.

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