mickj said:Not quite sure why, call me a dirty market timer, but I just sold all of my assets in my 401k and put them in the money market fund. Now the hard part is to figure out how and when I want to start investing again. It is only about 50k that I have invested. I am only up about 8% for the year. Thoughts, suggestions, insults..?
Don't know your age, but you can get about 5% in mmf right now; that's not bad.
If you're young, wait for a good time to re-invest that money. What's a good time;
who knows? I'm not a market timer.
But if you have 20 or more years to retire, you really should get at least 50% into the market and hold on.
BTW, at a 5% return, it will take about 14 years for that money to double.
I assume you're putting money in each month.