Market Milestone

[silverdee]

Yesterday, the Dow Jones Industrial Average went above 13,000 for the first time. It only took 126 days to get there from 12,000. That's the third fastest 1,000 point gain. While this is certainly happy news for investors, this article is suggesting that at least one third of a portfolio should be invested in international stocks or international

Comments

:)

[sofvckinghot]

I'm gonna be 37 in October and I will START my first 401K next month.

I am putting 20% in international funds, 10% in a domestic real estate fund and 70% in a targeted retirement fund.

As long as the US dollar is underperforming compared to foreign currencies, world markets are a very, very good investment. :)

Re: :)

[silverdee]

It's a nice feeling to see the $ amount going up. I try not to look at the amount too often. But when big things happen with the market I check it and track the impact on my 401k.

[yellowdoggrl]

I just signed up for mine here at the new job at the beginning of April, and when I consulted with The Beau (as I do on all things financial, his being such a corporate whiz and my being such an English major), he said "Fifteen percent."

Of my SALARY??? I gasped.

"Yes."

Because we just have that one salary right this minute, and because of the shock to my little "but 7 percent is a lot too, how about 7 percent?" system, we're starting at 10 percent and when he gets his job we'll increase mine.

[silverdee]

I would've been shocked about 15% myself. Whew! I just adjusted mine to 10% to coincide with my annual pay increase. Juannie has his that he contributes to and is participating in the stock purchase plan which I don't have with my employer. All of this reminds me to get him to up his percentage, too.