sirsavesalot
Dryer sheet aficionado
- Joined
- Apr 24, 2013
- Messages
- 40
Against what I have always done (stay the course), I moved my entire 401k from my latest employer (150k balance, 90/10 allocation) into the stable bond fund on Wednesday (took effect at 4PM). So far, I've saved close to 9% in losses. I had a gut feeling this was the move to make, and trusted my gut. I've had a lot of gut feelings in the past that I've never acted on, and every time I should have. No joke. Netflix at $60 - skip. AMD at $2 - skip. AMD when it hit $20 - skip. AAPL back in 2009 - skip. DUMB. I've always just invested in the total market...
My company also has a stock EPP that I had $78k sitting in (some from stock option bonuses). I sold those the same day, and have "saved" a 7.8% loss on that.
Every time the market dumps like this, the recovery is waaaay slower than the drop. I figure I will wait this out until it starts to move up a bit, then jump back in. Worst case, I come close to breaking even. Best case...who knows?
I'm also glad I didn't contribute to my Roth IRA last year. I'm going to sit for a while and see where this goes, then dump my 2019 and 2020 contributions in. I'll probably also dump the $78k from company stock back into the market as well, at some point.
I know...I'm crazy. But, I'm only 39. I still have $110k in 401k from my previous employer I didn't touch, and my Roth IRA I didn't touch. So, I guess I only messed with about 50% of what I had in the market.
Wish me luck!
My company also has a stock EPP that I had $78k sitting in (some from stock option bonuses). I sold those the same day, and have "saved" a 7.8% loss on that.
Every time the market dumps like this, the recovery is waaaay slower than the drop. I figure I will wait this out until it starts to move up a bit, then jump back in. Worst case, I come close to breaking even. Best case...who knows?
I'm also glad I didn't contribute to my Roth IRA last year. I'm going to sit for a while and see where this goes, then dump my 2019 and 2020 contributions in. I'll probably also dump the $78k from company stock back into the market as well, at some point.
I know...I'm crazy. But, I'm only 39. I still have $110k in 401k from my previous employer I didn't touch, and my Roth IRA I didn't touch. So, I guess I only messed with about 50% of what I had in the market.
Wish me luck!