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Started By
Message
Son’s college savings account has lost $6351.75 this year so far.
Posted on 5/19/22 at 10:20 am
Posted on 5/19/22 at 10:20 am
Think it’s prudent to call em and move it out of whatever Option I’m in (Moderate)? I guess my only risk would be that the market rebounds and I miss the uptick by being in the Guaranteed Option.
Move and try to protect the remaining balance…before the world really goes to shite?
Move and try to protect the remaining balance…before the world really goes to shite?
33
Posted on 5/19/22 at 10:21 am to Gaston
Dont touch it, keep buying.
Posted on 5/19/22 at 10:21 am to Gaston
College will be “free” by then anyway I’m sure.
Posted on 5/19/22 at 10:21 am to Gaston
Time in the market >>>> timing the market
Posted on 5/19/22 at 10:21 am to Gaston
Take it all out and buy a boat- every man for himself
This post was edited on 5/19/22 at 10:22 am
Posted on 5/19/22 at 10:22 am to Gaston
If the world really goes to shite, does your son need an expensive college degree?
Posted on 5/19/22 at 10:22 am to bayoubengal225
Thanks. I’ll just forget it and check back in a couple of years.
Posted on 5/19/22 at 10:23 am to Gaston
How many yrs til you have to pay for sons college?
Posted on 5/19/22 at 10:23 am to Gaston
Don't. The market will bounce back. Selling close to the bottom is never a good strategy.
Posted on 5/19/22 at 10:23 am to lsufb1912
He’ll be a sophomore next year, so almost 4.
Posted on 5/19/22 at 10:23 am to Gaston
Dont touch, pump more money in.
If we are leaving an era where the market doesn't always gain in the long term you have bigger issues than your son going to school.
The market will correct upward. It always does. Just do your best and stick to the tried and true methods.
If we are leaving an era where the market doesn't always gain in the long term you have bigger issues than your son going to school.
The market will correct upward. It always does. Just do your best and stick to the tried and true methods.
Posted on 5/19/22 at 10:24 am to Gaston
quote:
Son’s college savings account has lost $6351.75 this year so far.
Hey - at least you saved $0.02 last year on your 4th of july BBQ.
Posted on 5/19/22 at 10:24 am to Gaston
I’m assuming this fund is only a backup to his obvious kicking scholarship on the way?
Posted on 5/19/22 at 10:24 am to Gaston
My main mutual funds retirement account is down +$40k this year. I’m going to ride it out.
Posted on 5/19/22 at 10:26 am to Chad504boy
This is for after/if he decides he’s not an NFL kicker. I’m sure when he’s kicking he won’t be studying all that much.
Posted on 5/19/22 at 10:26 am to Gaston
quote:
and move it out
Don't
Posted on 5/19/22 at 10:27 am to Gaston
Skip college and let him learn an in demand trade. The advantage of a college degree is being diluted daily. At some point we will have millions of History, English, Liberal Arts, etc majors walking around desperately looking for someone to hook up electricity to their apartment or run plumbing to their homes. When that is the case, guess who can name their price for their services? It isn't going to be the History major
Posted on 5/19/22 at 10:27 am to Gaston
I was just looking at this poster of the market since 1896. It always goes up. It will go back up.
Posted on 5/19/22 at 10:27 am to Gaston
What did you have in it when sleepy creepy pedo Joe took over? About $10k?
Posted on 5/19/22 at 10:29 am to Gaston
He'll have 80 D1 scholly offers so what are you worried about?
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