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It could lose money as well but if the market loses 25% of its value, the fund you listed may lose 2-5% of its value. You won't lose much but depending on the amount of money you have in it, you won't gain much either. I'd think a better option might be getting a 1yr - 5 yr CD instead.
I can't exactly move my money from my 403b into a CD.......................or can I???
A person convinced against their will is of the same opinion still.
Sometimes I just get frustrated with people. Condensed version of a conversation today...
Me: I can save you well over $20K on your loan.
Nimrod: I don't want to pay $1,500 in closing costs.
Me: Are you planning on selling anytime soon?
Nimrod: No.
Me: So, you will make up that $1,500 plus save thousands and thousands more. That $1,500 does not come out of pocket, it can be rolled into the loan. Why would you not want to do that?
Nimrod: I don't want to pay $1,500.
Me:
This happens way too much. Not just with money. It's a really weird phenomenon, and I think it should be studied with federally funded grants.
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You spent $567 this week, bringing this month's spending to $162 more than this time last month. Your cash flow is up $XX,XXX so far this year; consider moving some into your investment accounts where it can grow.
Market Digest – Week Ending 5/22 Equity markets were calm this week in spite of renewed fears about Greece’s debt crisis. On Wednesday, Germany’s finance minister made comments...
The market can stay irrational far longer than you can stay solvent.
Let me ask you this, at what point do you move your money back into the index funds?
The plan is to wait for either the end of a downtrend, or a level trend that lasts for maybe a couple or few months.
No, that isnt what I said at all. I never mentioned anything about "years".
Good move?? Don't know. But the worst-case-scenario right now doesn't seem to be all that horrible, especially when compared to the best-case-scenario (if you can really call it best case, but you know what I mean by that hopefully).
I am holding off and am investing in the money market. Enough to get the company match and to make sure i dont have any money taxed in the higher tax bracket. I moved the money in my portfolio into the money market because i thought the S&P would go down.
Here you go. Mutual funds are priced after the close. They do not change price intraday.
Fwiw:
Are we comparing a 403b money market investment with a company match to a casino trip now?
Price for failure is lower, though. He may "lose", but it certainly isn't a devastating decision.I think that analogy works fine here.
Wouldnt a better analogy be something like putting untaxed dollars plus a company match under my mattress?A casino analogy for this is just you trying to sound witty or "burn" me or whatever.I think that analogy works fine here.
This (and similar reports) opened my eyes:Price for failure is lower, though. He may "lose", but it certainly isn't a devastating decision.I think that analogy works fine here.
When 2008 rolled around I got nervous and moved about 30% of my funds into cash. I was right, but even if I wasn't I don't regret the bet. I'd think he'd be better to hedge rather than cash out, but it isn't like he's putting all of it into GoPro.
Back in 2008 I had been working for maybe 4 years at that point, really not paying any attention to anything other than contributing enough to get the company match.
not sure I understand the bolded. depending on when she re-entered the market, she probably lost hundreds of thousands as well. had she left it alone, she would probably be "even Steven" (Seinfeld is relevant 10 years later)
She did not leave it alone, re-invested in stocks, and retired a lot earlier than she would have. The market took a big dump, she got back in. As I said, she saved herself hundreds of thousands of dollars. As in, she currently has hundreds of thousands of dollars more right now than she would have otherwise.
How do you come to that conclusion? The market has bounced back. At a minimum she would be right where she was before the downswing.
I am not sure how you aren't getting this. In either late 2007 or early 2008 she switched her entire portfolio into the most secure/stable investments possible in our 403b. When the market took a a huge crap, she re-invested that money into other funds that have since increased quite a bit since 2009.
I have no idea why you keep saying she never had the money to lose. She had a lot of money in her portfolio, in investments that WOULD have lost a lot of value had she kept it there. She didn't keep it there.
