Quote:
Originally Posted by Orema
That's what I keep hearing, Ms. T, but it's so hard not to move everything into mutual bonds till things cool down. Okay, I'm not gonna look at my 401k today. I'm just gonna sit tight. For now.
Good luck to everyone—we're gonna need it.
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If you don't need the money to live on right this minute, the downslide really isn't affecting your 401k or the stock in it. The market slide (caused this time primarily by China) will stop, and stocks will begin to rise once again.
As I mentioned before, the people selling now are the everyday investors, and the rich will buy and get richer. Putting your money in a mutual bond sounds safe, but you will be selling at current prices (low), and then moving back to stocks when the prices go up....effectively losing money!
Good luck!
