Just signed up for 401K through work 3 weeks ago.
They lure you in by showing you what you can get after X amount of years at 6% and 10% returns.
So far as I have been monitoring mine it seems to be closer to 1%, some days it is losing money, not just the funds I picked but every fund they offer. I am doing better right now than a savings account but sure isn't 6% let alone 10%.
Is this typical right now? Are your 401K's down right now? Should I expect some big surges to balance out the days where the funds are losing or making very little?
Sorry if seemed like stupid questions, new to this and the group managing the 401K is useless. They didn't really explain any of it, just a quick teleconference.
Their website is about useless as well. They show you gains/losses total but no graphing to show you fluctuations day by day.
Only thing they have really is they list the share price for that day so I have been copying the share prices into excel each day so I have data to see what accounts they offer are losing and what accounts are gaining recently.
I realize stock markets are not an exact science, but some idea on what to expect would be nice.
Not really asking specific advice on funds so much as in general, what kinds of returns are you getting on your funds right now and should I expect some up-surges.