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Picked a bad week to move funds :(
Old 04-25-2017, 11:51 AM   #1
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Picked a bad week to move funds :(

After a little experiment with Motif for investing, I'm moving 2 IRA accounts and our main taxable account back to Schwab. Had to sell everything in the main account and am waiting for the funds to settle so I can transfer it over. So I'm 2/3 in cash watching the market skyrocket. *OF COURSE* it does this on this week.

*sigh*

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Old 04-25-2017, 11:58 AM   #2
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Yes that is unfortunate. I wonder why you had to sell? I have transferred funds in-kind except from 401(k)'s.

Having said that, you just might wait and see if NKorea continues to heat up, or if the government gets shut down. Could get a selloff then.

I did some rearranging this week also, but it was with bond funds. I think i come out a bit but these of course are not volatile. Like you, I wanted to get more money into the market but will tiptoe in with those funds, hopefully after a selloff per above.
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Old 04-25-2017, 02:22 PM   #3
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I hate it when that happens.
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Picked a bad week to move funds :(
Old 04-25-2017, 03:04 PM   #4
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Picked a bad week to move funds :(

I had something similar happen when I did a partial 401K rollover to my IRA last year. It totally wiped out the $1,000 bonus (by a factor of 10) I earned for the transfer. When I did the final Rollover closing out the 401K earlier this year and earned a similar bonus I arranged for an "In Kind" rollover. It felt like pulling teeth though to get the institutions to make this happen.
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Old 04-25-2017, 03:22 PM   #5
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Sometimes it does work the other way. I had a co-worker who was retiring just before the recent recession. All of her 401k was sitting in a MM fund, waiting to be re-invested, when the markets went crazy. Not sure if/when she got back in.
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Old 04-25-2017, 03:26 PM   #6
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It reminds me of when I transferred from my 401k to Vanguard IRA. Feb 11, 2016 was the lowest point. The money got into Vanguard Feb 11 but sitting on money market. So I couldn't do anything. When I finally could do anything it was up. Arghh!
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Old 04-25-2017, 03:32 PM   #7
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Quote:
Originally Posted by dixonge View Post
Had to sell everything in the main account and am waiting for the funds to settle so I can transfer it over. So I'm 2/3 in cash watching the market skyrocket. *OF COURSE* it does this on this week
It happens. And it's not much of a skyrocket this week.

But in a year, you'll look back and won't even notice this little blip.
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Old 04-25-2017, 03:46 PM   #8
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Where'a the thread with details on the experiment with Motif? Hoping you're willing to share the experience.
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Old 04-25-2017, 03:55 PM   #9
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Where'a the thread with details on the experiment with Motif? Hoping you're willing to share the experience.
Haven't written anything about that. I kinda like the idea of it, the ease of rebalancing. But unless you rebalance your entire portfolio quarterly I'm not sure if it saves you money. Perhaps if your portfolio is larger than mine. They have interesting products, and I guess if you use those services the monthly flat rates beat paying for every trade individually. Definitely nothing there for a buy-and-hold indexer.

And the more social aspects are rather klunky and not something I care that much about. So it was interesting, but not something I need.
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Old 04-25-2017, 03:58 PM   #10
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Originally Posted by Montecfo View Post
Yes that is unfortunate. I wonder why you had to sell? I have transferred funds in-kind except from 401(k)'s.
The IRA's are transferring directly, no selling required. My taxable account - I don't know if I had that option to begin with, on either broker. If I did, it would probably have involved dealing with people over the phone, which I hate. So I am bitching about it, but I'm not really particularly upset.

[EDIT] looks like I *could* have transferred the whole account, staying invested the whole time. *sigh*
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Old 04-25-2017, 04:23 PM   #11
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IMHO this run-up is emotional-based. It is going to come down very soon!
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Old 04-25-2017, 04:26 PM   #12
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You need to pray for that Whee sound.
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Old 04-25-2017, 07:14 PM   #13
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Funds settled, transfer initiated. So by Thursday...............wheee?
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Old 04-26-2017, 06:03 AM   #14
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Originally Posted by erkevin View Post
IMHO this run-up is emotional-based. It is going to come down very soon!
Also, some folks follow the sell in may and go away strategy.
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Old 04-26-2017, 06:39 AM   #15
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I can feel your pain and hope all funds recover for you. I have had some of that myself through the years. Now I do nothing and has served me well.
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Old 04-26-2017, 07:06 AM   #16
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Old 04-26-2017, 07:32 AM   #17
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We did the same thing this week. Moved the kids 529s from stocks to bonds/money market accounts. SMH. The market volatility had me worried, but sadly, I'm not sleeping any better, watching stocks go up.
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Old 04-26-2017, 09:30 AM   #18
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Can you do it a number of smaller chunks next time? That will you will be less subject to
a short time market performance but should be more likely to average things out.
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Picked a bad week to move funds :(
Old 04-26-2017, 09:42 AM   #19
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Picked a bad week to move funds :(

Something similar happened to me too but in my case, the transfer of my money was from Fidelity US and to a brokerage firm in Canada. The Fidelity's check never got to Canada, so Fidelity had to do another transfer. The whole thing ended up taking over two months and you know a lot can happen in the market in two months. That was over 1.5 years ago and the numbers look very good now so in the long run, this will most likely be just a small blip in your radar.
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Old 04-26-2017, 02:05 PM   #20
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You got a very tiny whee today.
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