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re: Stopping the 401k bleeding. Long
Posted on 2/28/23 at 8:17 pm to JBM210
Posted on 2/28/23 at 8:17 pm to JBM210
This doesn’t make much sense. Only your growth funds are anywhere close to 30% down. Unless you have the great majority of your funds in those two, you can’t possibly be down 30%.
You can’t hide under a rock. Pay an advisor for an hour of their time to just explain what you have and how to make changes in your allocation. Move some to the value side. Get out of junk bonds.
You can’t hide under a rock. Pay an advisor for an hour of their time to just explain what you have and how to make changes in your allocation. Move some to the value side. Get out of junk bonds.
1
Posted on 2/28/23 at 9:05 pm to UpstairsComputer
The S&P 500 index fund is good, the value & blue chip funds are good and the mid cap fund is ok..... don't sell any of those, they will come back . Your not dead yet. Don't panic, the Republicans are coming to save you. Since your not contributing new money there's nothing to really change. If you sell now, you lose so hang tight. When the storm ends try to transition / transfer into those 4 accounts....
This post was edited on 2/28/23 at 9:07 pm
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