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Non-Cattle Specific Topics
Coffee Shop
401K thoughts?
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<blockquote data-quote="Travlr" data-source="post: 1777817" data-attributes="member: 42463"><p>I'm not telling you to sell anything until something breaks like it is a run on a bank. But when that is, is a judgment call. Don't buy back in until there is a rebound... another judgment call.</p><p></p><p>Again, "don't be afraid to opt out entirely if it looks like there will be a major downturn. Sell and leave the cash sitting in your 401K or buy bonds until the market turns. Selling early in a major downturn means you have more money to buy back in when the market begins to go back up."</p><p></p><p>Selling means turning your investment into cash to be held in your account which is not a good long term play. But there are times when it is better to be storing cash than owning funds/bonds. You can also sell so you can buy... basically swapping one for another.</p></blockquote><p></p>
[QUOTE="Travlr, post: 1777817, member: 42463"] I'm not telling you to sell anything until something breaks like it is a run on a bank. But when that is, is a judgment call. Don't buy back in until there is a rebound... another judgment call. Again, "don't be afraid to opt out entirely if it looks like there will be a major downturn. Sell and leave the cash sitting in your 401K or buy bonds until the market turns. Selling early in a major downturn means you have more money to buy back in when the market begins to go back up." Selling means turning your investment into cash to be held in your account which is not a good long term play. But there are times when it is better to be storing cash than owning funds/bonds. You can also sell so you can buy... basically swapping one for another. [/QUOTE]
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