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should i change my investment strategy?
Posted on 3/17/20 at 6:19 am
Posted on 3/17/20 at 6:19 am
i have my 401k in a target fund and at my age falls into a moderately aggressive investment strategy. With double digit losses from the last few weeks, should i call and change it all to low risk until this crap goes away?
7
Posted on 3/17/20 at 6:21 am to bayou choupique
No, that would mean selling stocks while they're low and buying more low yield bonds. I'd wait it out.
Posted on 3/17/20 at 7:08 am to bayou choupique
quote:
With double digit losses from the last few weeks, should i call and change it all to low risk until this crap goes away?
Literally the dumbest thing you could do right now, other than cashing out completely.
Posted on 3/17/20 at 7:10 am to bayou choupique
You shouldn't even look at your 401k statements, if you are in for 30 years it will average out.
Posted on 3/17/20 at 8:53 am to bayou choupique
quote:
should i call
call? you cannot access online? Please tell me you are NOT using EJ??
Posted on 3/17/20 at 8:55 am to bayou choupique
No, you're obviously pretty young.
Now is the time to be buying in the stock market. Don't change anything.
in 4-5 months you will be happy
Now is the time to be buying in the stock market. Don't change anything.
in 4-5 months you will be happy
Posted on 3/17/20 at 9:11 am to TorchtheFlyingTiger
quote:
No, that would mean selling stocks while they're low and buying more low yield bonds. I'd wait it out
Unless he manually reallocates his existing investments, the election that he’s talking about would probably just affect his future investments. But still, given his age, I wouldn’t worry about it either.
Posted on 3/17/20 at 9:39 am to Jag_Warrior
quote:
But still, given his age,
how old is he? under 40 for sure right?
Posted on 3/17/20 at 10:54 am to bayou choupique
I was thinking of doing the same. I am 45 though and not looking to retire till 60 at the soonest, but most likely 63. My brother just said to ride it out, which is what I will do. He has lost way more than I.
Posted on 3/17/20 at 11:10 am to Fat Bastard
Yeah, the past few weeks is the only time I’ve envied millennials.
Posted on 3/17/20 at 11:36 am to Fat Bastard
quote:no not EJ. my company has fidelity. and i am the cool age of 40 and not planning to retire until 65 ish. sucks because this year will be the first year i can afford to max both 401k and roth out......
call? you cannot access online? Please tell me you are NOT using EJ??
Posted on 3/17/20 at 12:04 pm to bayou choupique
quote:
sucks because this year will be the first year i can afford to max both 401k and roth out......
What sucks about this? Would you rather max both when the market is down 30% or when the market is at all time highs? You are buying more shares now and assuming in the long run the market goes up (which it always has in the past) then you will be better off for it in the future.
This post was edited on 3/17/20 at 12:06 pm
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