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Started By
Message
401k question.....
Posted on 1/16/21 at 3:07 pm
Posted on 1/16/21 at 3:07 pm
Very close to moving everything I have in my 401k to the 100% stable fund offered as an option. Granted I won’t gain anything to speak of, but I won’t lose anything. For some reason I think the bubble is getting ready to bust. Thoughts, advice???
10
Posted on 1/16/21 at 3:09 pm to Northwest Louisiana
Are you close to retirement? I think the fed is going to continue to pump a lot of money into the economy under Biden which I think will keep the markets inflated.
Posted on 1/16/21 at 3:11 pm to Northwest Louisiana
quote:
but I won’t lose anything
You still have to pay expenses fwiw
Posted on 1/16/21 at 3:11 pm to Northwest Louisiana
quote:
Very close to moving everything I have in my 401k to the 100% stable fund
Do you have an extensive and successful background as a market timer?
No offense intended... just asking.
Posted on 1/16/21 at 3:13 pm to Northwest Louisiana
Sounds like an awful idea
Posted on 1/16/21 at 3:26 pm to Northwest Louisiana
Terrible idea. It has been proven people lose money trying to time the market. Also, the market reacts the same regardless of Dem or Repub President.
Posted on 1/16/21 at 3:50 pm to Northwest Louisiana
Ask the people who did this last January if they’re better off for it?
Posted on 1/16/21 at 4:12 pm to Northwest Louisiana
quote:
but I won’t lose anything.
The fact that you don’t understand what you’ll lose is exactly why you shouldn’t touch it
Posted on 1/16/21 at 4:21 pm to Northwest Louisiana
quote:
Thoughts
You’re probably wrong and will almost definitely do worse by doing this than by buying and holding any reasonable fund from now until retirement.
But you could be right.
Posted on 1/16/21 at 4:57 pm to Northwest Louisiana
Timing the market? What a novel idea. Why didn't anyone else ever think to try that???
Posted on 1/16/21 at 5:18 pm to Northwest Louisiana
If you're nearing retirement and uncomfortable with the risk then consider shifting a portion to a more conservative option. But 100%, never. Unless you're lucky enough to time the market and lucky once again to get back in before it goes back up (harder than it sounds) you will lose when you eventually capitulate and buy back in. The grim alternative is you stay 100% stable fund and watch inflation erode your nest egg. Bad enough in normal times but given all the QE and fiscal stimulus some are even warning of a significant inflationary period ahead.
Posted on 1/16/21 at 6:57 pm to TorchtheFlyingTiger
Consult a professional.
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