How did I do on my 401k? Is this about norm?

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pterranome1

How did I do on my 401k? Is this about norm?

I was looking at my yearly statement for 2006 and saw that I had an 18.98% return on my investments for the year. My provider has about 18 different funds to choose from so I made quite a few movements during the year. I am not bragging, I would just like to know how this compares to what people expect from their 401k.

asgard_solutions

For the most part, if you have a double digit return on any investment you are doing pretty well. Especially in a rate environment where low risk accounts such as CD's are not paying too well. Most people just want to see a positive number there. The technical answer is did your return equal or go above your risk level. If you took a higher risk of losing money then you want a better return. It also matters how long you are saving for, what your risk tolerance is and what kind of fund you are in. I am very happy for you that you yielded almost 19%. The one statement that bothers me is that you made quite a few moves during the year. Most people will tell you not to try and anticipate the funds. Chose one that works for you and stick with it. One of your biggest benefits of a 401k is dollar cost averaging and if you are moving around a lot you are losing some of that advantage. Find a couple of funds that balance out and let them go. Chances are you will do better with them in the long run.

Jay

19% is very good for 2006. In fact, it's very good, in general.

rmcgee20002

Yes 19% is fine.

Harry P

You did grrrrreat!!!!

Keep on keeping on.

Nana

On a 401k or any retirement fund that you have a gain of 18% or higher each year you are in my opinion doing well. You have wise strategist working on your plan.

James S

That's above the norm. I think mine was around 32% for the year, but the company stock that I'm forced to hold had a banner year.

Anything above around 12% (over the long haul) is a good number in my book.

pretzel2222

Average return for S&P 500 over time is ~13%... You outperformed the average. I would leave your investments where they are and not keep switching.

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