Help!!! Major 401K setback: HWMIX

来源: xux 于 2008-01-02 07:20:33 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (1439 bytes)

I just found out on 12/31 that my hu*****and and I had a major setback on our 401K accounts. Our company didn't provide many good choices in our 401K. By good choices, I mean:
1. morningstar ratings of 4* or 5*,
2. enough track record (prefer >=10 years history) on the fund and the manager,
3. good returns,
4. no loads.
So our 401K accounts are heavyly loaded with HWMIX (over 50%) and FDIVX (only these two fits above criterias until recently). We had some money in other funds like NYVTX (front load) and PRGFX (new manager) to diversify but not much $.

Somehow HWMIX's price dropped by 33% in the past 6 months ($32->$20.5), mostly in Dec when I was too busy to monitor it due to the crazy holiday season. Its morningstar rating dropped from 5* to 3* too. We had $240K in HWMIX at its peak, which means its value is $80K less now!!! What would you do if this happens to you? Hold it till it recovers then sells it, sell it 100% now, or sell it partial (what %) now?

FYI:
1. I am not putting new money into HWMIX.
2. We won't be touching this 401K money for another 20-30 years.
3. Other funds available to us are fidelity 2025, 2030, 2035, 2040 ...... funds and a money market fund. I didn't like them much before, but with the well respected HWMIX (with a LONG and GOOD track record before) falling like a rock, I can't be too picky anymore.

Thank you so much for your opinion!

所有跟帖： 

• You worried more than you should -凌空长老- ♂ 给 凌空长老 发送悄悄话 凌空长老 的博客首页 (329 bytes) () 01/02/2008 postreply 08:17:42

• Xie Xie 长老. I learned my lesson. Can't put too many eggs -xux- ♀ 给 xux 发送悄悄话 xux 的博客首页 (46 bytes) () 01/02/2008 postreply 08:53:33

• 回复：Help!!! Major 401K setback: HWMIX -6682008- ♂ 给 6682008 发送悄悄话 (198 bytes) () 01/02/2008 postreply 08:26:54

• Thanks! -xux- ♀ 给 xux 发送悄悄话 xux 的博客首页 (0 bytes) () 01/02/2008 postreply 09:20:14

• 回复：Help!!! Major 401K setback: HWMIX -zengjp- ♂ 给 zengjp 发送悄悄话 (1303 bytes) () 01/02/2008 postreply 08:50:00

• Thanks! Yes, I'll do something to the international fund. -xux- ♀ 给 xux 发送悄悄话 xux 的博客首页 (211 bytes) () 01/02/2008 postreply 09:24:30

• Monring Star rating is misleading, and -KingKrab- ♂ 给 KingKrab 发送悄悄话 (230 bytes) () 01/02/2008 postreply 10:54:34

• Thank you! I start to feel that way too. Our company is rated 5* -xux- ♀ 给 xux 发送悄悄话 xux 的博客首页 (108 bytes) () 01/02/2008 postreply 11:07:32

• more about m* rating -比花花还花- ♂ 给 比花花还花 发送悄悄话 比花花还花 的博客首页 (337 bytes) () 01/02/2008 postreply 21:37:53

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