- Joined
- Nov 27, 2014
- Messages
- 9,318
Ever heard the saying that timing the market requires two decisions to be correct - when to get out and when to get in.
Well, I did not learn this soon enough and have been terrible at my timing over the years. I vow this will be my last but am seeking advise on how to correct my last mistake.
Thinking the market would collapse after the election, I moved a bunch of my 401k to bonds and fixed. Of course, not only did I miss a lot of the market run up, I got the double hit from the bonds going down.
Now, to live to my vow, I need to get back into the market. I'm thinking about a 70/30 stock to bond allocation. The advise I'm asking is about how to do this. Just jump back in and rebalance my 401k all at one time or average it in over the course of a few months or a few years.
FWIW, my 401k is at about $580K and I have the following funds:
25% S&P index fund
25% 2010 target year retirement fund
25% Bonds
25% Fixed
The overall allocation is:
42% Bonds
33% Domestic Stock
10% Short Term
9% Unknown
4% Foreign Stock
2% Other
This comes from the asset class tab in my fidelity account.
Go ahead and have fun with me for being so smart and moving out of the market in late 2016 but I would appreciate some advice on how to rectify this.
Thank you.
Well, I did not learn this soon enough and have been terrible at my timing over the years. I vow this will be my last but am seeking advise on how to correct my last mistake.
Thinking the market would collapse after the election, I moved a bunch of my 401k to bonds and fixed. Of course, not only did I miss a lot of the market run up, I got the double hit from the bonds going down.
Now, to live to my vow, I need to get back into the market. I'm thinking about a 70/30 stock to bond allocation. The advise I'm asking is about how to do this. Just jump back in and rebalance my 401k all at one time or average it in over the course of a few months or a few years.
FWIW, my 401k is at about $580K and I have the following funds:
25% S&P index fund
25% 2010 target year retirement fund
25% Bonds
25% Fixed
The overall allocation is:
42% Bonds
33% Domestic Stock
10% Short Term
9% Unknown
4% Foreign Stock
2% Other
This comes from the asset class tab in my fidelity account.
Go ahead and have fun with me for being so smart and moving out of the market in late 2016 but I would appreciate some advice on how to rectify this.
Thank you.