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Started By
Message
I want to move money around in my 401k
Posted on 10/5/08 at 7:37 am
Posted on 10/5/08 at 7:37 am
And I know I'm supposed to "ride it out"
But I'm still thinking about moving it
But I'm still thinking about moving it
2
Posted on 10/5/08 at 10:02 am to 33LSU33
The same people on this board who said to look out about a year ago are still saying the market has a lot of room to move down. The consensus has been you're probably better off in a money market for a while.
Posted on 10/5/08 at 2:11 pm to LSUtoOmaha
I forget the exact statistics but I read that if you miss the biggest 30 days in the market during any 10 year period, your return on investments would be about half of what it would have been if you rode it out.
Guess if depends on how old you are. I am riding and plugging along with biweekly deposits
Guess if depends on how old you are. I am riding and plugging along with biweekly deposits
Posted on 10/5/08 at 2:53 pm to LifeTimeTiger
According to this site, CDs, MMFs, and even the humble saving account are safe bets for the time being.
LINK
LINK
Posted on 10/5/08 at 4:15 pm to LifeTimeTiger
What do you think a study would show if you missed the biggest 30 down days?
Posted on 10/5/08 at 5:28 pm to tigerskin
I still don't think that moving into some BS conservative grandpa funds/bonds is a good idea if you have more than 10 years before retirement.
Posted on 10/5/08 at 5:30 pm to footballislife
quote:
I still don't think that moving into some BS conservative grandpa funds/bonds is a good idea if you have more than 10 years before retirement.
what is the advantage of staying in vs money market?
Posted on 10/5/08 at 5:36 pm to Coon
quote:
money market?
not losing money right now....at least in my fund
Posted on 10/5/08 at 8:15 pm to tigerskin
quote:
What do you think a study would show if you missed the biggest 30 down days?
Yeah but no one can predict when they will occur but if you stay in you are going to get both and your return will be twice as high and you dont have to try to guess. Guess wrong and your screwed.
Posted on 10/5/08 at 8:21 pm to LifeTimeTiger
Fortunately, I followed the advice of people who weren't "guessing" but could see what was coming. Yes it will be difficult to know when to get back in and I won't time it perfectly but I'd rather be in this position than listening to those who said buy and hold no matter what.
Do you realize that if you lose 30%, you then need a 43% gain to just break even?
Do you realize that if you lose 30%, you then need a 43% gain to just break even?
This post was edited on 10/5/08 at 8:25 pm
Posted on 10/5/08 at 8:27 pm to tigerskin
Im not exactly a finincial genius, so explain the 43% to break even on a 30% loss.
Posted on 10/5/08 at 8:31 pm to LifeTimeTiger
Start from 100,000. If you lose 30,000, you are now at 70,000. You will have to make 43% on that 70,000 to get that 30,000 back. Now back at 100,000.
Take an easier example but more dramatic. Start with 100,000 and lose 50% to get to 50,000. Will need a 100% return on that 50,000 to get back to 100,000.
Take an easier example but more dramatic. Start with 100,000 and lose 50% to get to 50,000. Will need a 100% return on that 50,000 to get back to 100,000.
Posted on 10/5/08 at 8:41 pm to tigerskin
My 401 is down like 28% ytd. Screw it I am young. Soon as I get out the market will skyrocket.
Posted on 10/5/08 at 8:50 pm to LifeTimeTiger
My house is worth 30% less than it was 5 years ago so I am thinking about selling it. Just joking.
Really, I guess it all depends on if you can handle the roller coaster ride and such. If you can't, go conservative.
Really, I guess it all depends on if you can handle the roller coaster ride and such. If you can't, go conservative.
This post was edited on 10/6/08 at 6:01 am
Posted on 10/6/08 at 10:37 am to footballislife
quote:
My 401 is down like 28% ytd. Screw it I am young. Soon as I get out the market will skyrocket.
but wouldn't it be smart to stop the "loss" be going to a money market then when it started to rise (or hit rock rock bottom) get back in?
Posted on 10/6/08 at 12:29 pm to Coon
quote:
but wouldn't it be smart to stop the "loss" be going to a money market then when it started to rise (or hit rock rock bottom) get back in?
But people who pay enough attention to try to time the market have already jumped out of the pool. Don't pull your money out unless you are actually going to keep paying attention.
Posted on 10/6/08 at 10:14 pm to 33LSU33
My dad didn't listen to me 3 weeks ago when I told him to move his 401k to a mma, and continued to ignore me up until last Friday. Today he said he wanted out, but it was after 3pm. Would this be the right move at the point?
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