There is a nice article on about.com called Down Markets Good for Many Investors, talking about how a down market can be a good thing for your young 401k.

Being a young professional, you have many years ahead before retirement. This gives our 401k’s and other mutual fund investments plenty of time to turn around. The down market is actually a great time to buy shares at a bargain price which is one of the most basic investing strategies, buy low and sell high. With time and history on your side, chances are the market will go way up from today.

Here is an excerpt from the Article:

Taking the average is nice, but lets put some money on the line. If we put $1,000 per quarter into each scenario, here’s what happens:

Steady Growth
Shares Owned: 1,655
Portfolio Value: $73,544

Down Market With Recovery
Shares Owned: 2,427
Portfolio Value: $107,809

If you would like to see the full study, click here.

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CNN.com and Careerbuilder.com put out an article, Ten tall tales told on résumés, talking about how lying on your resume effects your chances of landing that potential job. In summary, most of the time the hiring manager can see through your lies and can easily back check what you have boasted about yourself. You could be immediately disqualified if they find out you have been dishonest on your resume. It’s better to be honest rather than misleading as you will have to prove your false claims.

The end of the article gives tips on how to safely make your resume stand out. Here is a excerpt from the article on lying effectiveness:

But there’s a line between bending the truth and outright deception. According to the CareerBuilder.com survey, these were the most common falsehoods people admitted to using on a résumé:

• 38 percent of those surveyed indicated they had embellished their job responsibilities

• 18 percent admitted to lying about their skill set

• 12 percent indicated they had been dishonest about their start and end dates of employment

• 10 percent confessed to lying about an academic degree

• 7 percent said they had lied about the companies they had worked for

• 5 percent disclosed that they had been untruthful about their job title

Photo by: SOCIALisBETTER - BlackBird Tees

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 http://features.us.reuters.com/personalfinance/news/N13484347.html

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Simple question right? I am not watching the market everyday trying to time it. I’m an average young professional looking for long term growth. Currently I am investing in my tax deferred 401k at my company, my Roth IRA, Brokerage account, and MMA.

Within these accounts is there a sector which would protect what I currently have for a while? Foreign, Bonds, MMA etc. Saving my money in my MMA is almost a wash with the rate of inflation. I am getting about 4% APY, and inflation seems higher than that. My funds in my IRA, and 401k have gone down about 15-20%. Do I just sit tight and hope for a rebound? or do I move into safer funds for the time being?

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With the current deal in the works with Imbev buying out Anheuser-Busch, what happens to employees’ 401k accounts?  I heard it is a CASH deal, so I’m wondering what happens with my stock in the company.  Does Imbev send us a check and we start all over? 

Also, what happens to any outstanding 401k loans?  Do we have to repay immediately?

Popularity: 22% [?]