Originally Posted by rsingh6675
I transferred my Lump sum money in June 2007 and was foolish enough not to get out.
But you can't put a lump sum into a deferred account, can you?
WISER Women - Lump Sum Pension Payment
Oh, OK, I guess you can.
Hmmm, (struggling to find something positive to say...).... that bites. Sorry.
OK, what's done is done (fill in favorite cliché). Only two things worth doing - learn from the past, plan for the future (I guess that's a cliché, too, but a good one).
First, it wasn't necessarily foolish to not get out (but it sure would have been nice). Buy & hold is a strategy, not a guarantee.
But one problem I see, DODGX appears to be all stocks, no bonds to cushion a downturn. Now, if you were OK with a 100% stock allocation with this money, then you just have to accept the risk (although a straight index fund would have done a bit better). If you really wanted less risk, a balanced fund would have been more approriate, like VWINX (Wellesley..... that's been drummed into heads around here
). That didn't suffer as much, but also does not have the upside potential. Also, dividends are not reflected in that chart, so VWINX would look even better with those.
As far as future, looks like al_bundy covered those options.
Good luck, hang in there.