Go to Jeff Salisbury LWGate Home Page.From: R Mills <rmills@philipsdvs.com>
Subject: Re: Frequent Allocatiion of 401k funds
Date: Thu, 13 May 1999 13:32:51 -0600
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Bummer you are losing now with the market doing well.I got the wild idea of timing the market, as you mentino. I consider myself pretty sharp. Why not jump in and out of funds and make a little "extra"? Sounds pretty good! Well, I tried it, gave it my best shot and lost. Started jumping in and out of the market between mutual funds (when I thought the market was goig to rise a bit), and money market funds (when I thought the market was goig to decline a bit). Worked ok for the first few times, then when I tought it was doing to drop, I pulled back into money markets and guess what....it rose, and rose and rose. Now I have money parked in the money markets and have missed a good run of the market. From now on, I invenst in solid funds, long term, and reallocate yearly. You may be better off to evaulate whether the funds you are in are a solid value. Why are they losing 30% Poorer but wiser, :-) Robin > Subject: Frequent Allocatiion of 401k funds > > Hi > > My questions is if you were to frequently change your > account allocation to play the market or even to pull out > of a losing fund and move it to something else, is there > are long term problem with this approach. > They say it is better to leave it as it is - but some of my > funds are losing like -10 to -30%. Will I gain anything > by moving in and out or will I lose ? Right now I have > put it in money market for everything is losing > BTW my 401K is tied to Minnesota Mutual. - -
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