[quote=bearishgurl]flu, why don’t you give the Piggs your “expert” opinion on my investment rec? I don’t know how to research these things properly …[/quote]
I wouldn’t know. I typically don’t “invest” in mutual funds, beyond passive index funds from vanguard..
The only mutual funds i have are the ones that I have to pick from a 401k company plan, and most of them are managed funds (very little are passive index funds)…
In that case, I just pick everything in the magic 9 quandrants and balance it out every year.
The only one exception this rule was I borrowed $50k out of it this year and applied it torward a rental, because at that point I had already accomplished a 10% return.
And a loan to myself is a guaranteed 4% return (albeit I can’t write off the interest to myself)…
The stock market went down and back up. I guess the return would have been now 13% if I didn’t borrow against it..Oh well. Anyway, I moved 30% of my remaining 401k to money markets recently, and I’m going to sit it out until the rest of the year or unless there’s a 10% or more market correction (unlikely imho)…
My 401k returns have exceeded my objectives, so there’s no point in taking on more risk for the remainder of the year.
