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re: S & P 500 Index support levels

Posted on 6/4/12 at 2:10 pm to
Posted by CharleyLake
Member since Oct 2006
1329 posts
Posted on 6/4/12 at 2:10 pm to
Thanks for the technical info. I will learn more.
With what seems to be quite a bit buying/selling with monthly job figures, and global tensions lately I am seeking to take advantage of the wild swings ahead in the market. I have been moving in and out of my company stock (PPG) with quite a bit of success for about three years. I keep about 50% of the account in the S & P index Fund in the 401K Plan. There is no fund transfer fees associated with this plan.
Posted by Dr Rosenrosen
Member since May 2006
3372 posts
Posted on 6/4/12 at 6:20 pm to
Can you dollar cost average (i.e. multiple fund transfers) into the index fund over a period of, say, 6-12 months? That might be a better move than making a one-time transfer.
Posted by greenhead11
Member since Feb 2012
927 posts
Posted on 6/4/12 at 9:01 pm to
No prob, I'm a big fan of dollar cost averaging and if your time frame is a ways out I wouldn't mind entering a small position in an index fund...I would choose something that indexes more than the S&P 500. I would also index something like MSCI world index or gain some international exposure.

Don't worry about technicals if you have a long time horizon. Technicals change on literally a seconds notice which is retarded way of investing IMO. I only use technicals on trades and exit and entries

If you want to play the volatility and make money either way look at VXX and other Vix plays but please dear god read about ETNs and the Vix first
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