401K – switch now or wait it out?

[lonestar2000]

IMHO, and take that with a huge grain of salt, it is a bit too late to sell now, although you could still save some capital if you convert to some sort of guaranteed income asset class, and convert back to stocks when the DOW reaches 5000. That is, if the DOW keeps tanking like it has been. If you convert now, and stocks start to go bullish, you could miss the ride of your life.

Fortunately for you, your principal is low, so you have not lost that much, and like the previous poster said, you’ve got all your life ahead of you to make it up. Consider those who had $500k in their 401(k) at the start of the year, their losses are potentially in the six figures, ouch!

[sdduuuude]

If you are really unsure, sell half.

[sdduuuude]

If you are really unsure, sell half.

[sdduuuude]

If you are really unsure, sell half.

[sdduuuude]

If you are really unsure, sell half.

[sdduuuude]

If you are really unsure, sell half.

[Coronita]

Dude,

I think you’re way to young and early in your career to be overly concerned about what your 401k is doing right now.

The same people probably telling you to switch into “safer” investments are probably the same coworkers that are close to retirement or much older that are kinda screwed now.

You have at least 30 more years before you actually touch your 401k. Unlike so many people before you, I consider you lucky. Because you’re essentially at the tailwind of the past bubbles, and though your $5k lost might seem like a lot, over time I’m sure you’ll be much more happier you’re entering at a much lower base than a lot of people who are in their 40ies,50ies,60ies who need their money much sooner than you.

If at all, I’d consider a little of domestic,international,bonds rather than just pure international or pure bonds. Anyway my 2 cents (not that it matters much) 🙂

[Coronita]

Dude,

I think you’re way to young and early in your career to be overly concerned about what your 401k is doing right now.

The same people probably telling you to switch into “safer” investments are probably the same coworkers that are close to retirement or much older that are kinda screwed now.

You have at least 30 more years before you actually touch your 401k. Unlike so many people before you, I consider you lucky. Because you’re essentially at the tailwind of the past bubbles, and though your $5k lost might seem like a lot, over time I’m sure you’ll be much more happier you’re entering at a much lower base than a lot of people who are in their 40ies,50ies,60ies who need their money much sooner than you.

If at all, I’d consider a little of domestic,international,bonds rather than just pure international or pure bonds. Anyway my 2 cents (not that it matters much) 🙂

[Coronita]

Dude,

I think you’re way to young and early in your career to be overly concerned about what your 401k is doing right now.

The same people probably telling you to switch into “safer” investments are probably the same coworkers that are close to retirement or much older that are kinda screwed now.

You have at least 30 more years before you actually touch your 401k. Unlike so many people before you, I consider you lucky. Because you’re essentially at the tailwind of the past bubbles, and though your $5k lost might seem like a lot, over time I’m sure you’ll be much more happier you’re entering at a much lower base than a lot of people who are in their 40ies,50ies,60ies who need their money much sooner than you.

If at all, I’d consider a little of domestic,international,bonds rather than just pure international or pure bonds. Anyway my 2 cents (not that it matters much) 🙂

[Coronita]

Dude,

I think you’re way to young and early in your career to be overly concerned about what your 401k is doing right now.

The same people probably telling you to switch into “safer” investments are probably the same coworkers that are close to retirement or much older that are kinda screwed now.

You have at least 30 more years before you actually touch your 401k. Unlike so many people before you, I consider you lucky. Because you’re essentially at the tailwind of the past bubbles, and though your $5k lost might seem like a lot, over time I’m sure you’ll be much more happier you’re entering at a much lower base than a lot of people who are in their 40ies,50ies,60ies who need their money much sooner than you.

If at all, I’d consider a little of domestic,international,bonds rather than just pure international or pure bonds. Anyway my 2 cents (not that it matters much) 🙂

[Coronita]

Dude,

I think you’re way to young and early in your career to be overly concerned about what your 401k is doing right now.

The same people probably telling you to switch into “safer” investments are probably the same coworkers that are close to retirement or much older that are kinda screwed now.

You have at least 30 more years before you actually touch your 401k. Unlike so many people before you, I consider you lucky. Because you’re essentially at the tailwind of the past bubbles, and though your $5k lost might seem like a lot, over time I’m sure you’ll be much more happier you’re entering at a much lower base than a lot of people who are in their 40ies,50ies,60ies who need their money much sooner than you.

If at all, I’d consider a little of domestic,international,bonds rather than just pure international or pure bonds. Anyway my 2 cents (not that it matters much) 🙂

[Coronita]

.deleted.

[Coronita]

.deleted.

[Coronita]

.deleted.

[Coronita]

.deleted.

[Author]

Posts