I'm it retiring for over 5 years but after we climb out of this correction, I may move my primeval and total stock market funds into a target fund.
I know they'd don't perform as well as all equities or stock in a bull market but it's hard if not impossible to time the market.
I was shocked at how high things got by mid July and was at a critical point of moving out of my target fund and primeval to another target fund and even moving into a money market for a spell crossed my mind.
Instead I moved into totals stock market for now. Fortunately most of my investments are within my 401 and I won't need it for a while.
The market is impossible to time but Warren Buffet had been selling off a ton of stock which I didn't realize till after the bottom fell out.
So I'll view this as me buying stock at a bargain as in 2008-09.
Could I have pulled out completely and waited to get back in? Sure but that's tough to time and to know what and when.
My funds are down it my contributions are going toward bargain sto k for now. Even if it takes a year or longer. It's fine. Know your time line and risk tolerance.
I'm in primecap and it's not fun right now, plus I could have moved out. I've been I that fund for years, and no need to move. Bargain stock.
With myself tanning retirement in 2029 or 2030, I'll probably start getting more conservative soon.
If this is a recession we are entering, the scary part is the length of time. 2007-2009 was the last big one.
The pandemic was a short recession.
It can be months or years.
I know they'd don't perform as well as all equities or stock in a bull market but it's hard if not impossible to time the market.
I was shocked at how high things got by mid July and was at a critical point of moving out of my target fund and primeval to another target fund and even moving into a money market for a spell crossed my mind.
Instead I moved into totals stock market for now. Fortunately most of my investments are within my 401 and I won't need it for a while.
The market is impossible to time but Warren Buffet had been selling off a ton of stock which I didn't realize till after the bottom fell out.
So I'll view this as me buying stock at a bargain as in 2008-09.
Could I have pulled out completely and waited to get back in? Sure but that's tough to time and to know what and when.
My funds are down it my contributions are going toward bargain sto k for now. Even if it takes a year or longer. It's fine. Know your time line and risk tolerance.
I'm in primecap and it's not fun right now, plus I could have moved out. I've been I that fund for years, and no need to move. Bargain stock.
With myself tanning retirement in 2029 or 2030, I'll probably start getting more conservative soon.
If this is a recession we are entering, the scary part is the length of time. 2007-2009 was the last big one.
The pandemic was a short recession.
It can be months or years.
Statistics: Posted by Guitarguy14 — Mon Aug 05, 2024 2:24 pm — Replies 731 — Views 674415