Cost of taking mutual funds out of market now?

[FinanceDude]

Brokers love it though when you buy high and sell low.

On what certifiable basis do you say that?

 

[armor99]

Very sound advice to all that gave theirs. And I think that is the correct thinking. Technically none of us have gained or lost ANYTHING, until we try to collect that money. So if you are in the market for 5,10,15 years + to go, then it would be foolish to touch any of that money now. As a matter of fact I just put a very large (at least for me) amount of money into a new taxible account with Vanguard. I am looking at the long term view... and trying hard not to sweat the daily stuff.... but I will be the first to admit... it is REALLY tough to do...

 

[Moemg]

If I was going to take money out which I'm not I would never lock it up in a CD for a year I 'd park it in a money market and wait for the tide to turn . Unfortunately you then usually miss a good rally but if it makes you less nervous go for it .If you decide to let your money ride stop watching CNN . This morning they had me panicked about today's market and it turned out to be nothing .