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HWA

Joined: 01/05/2001 Posts: 5542
Likes: 1601

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Last week, my roommate moved his 401k from stocks to bonds/cash


He thinks we're at peak, and time to lock-in his gains.

My roommate also has 700 cans of sardines in the cupboard -- he thinks it's a good investment. He thinks we're going to see massive inflation, and rising food prices.

Don't be my roommate.

By all means, re-balance your portfolio. Move 5-10% of your stocks into lower-risk funds.

But if you're trying to time the market, you're no longer investing -- you're just gambling. Funny that some people won't bet $50 on a football game, but they're willing to gamble six-figures in their retirement/investment accounts.

(In response to this post by OXVT)

Posted: 01/16/2018 at 11:19AM


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Current Thread:
 
  The Dow just hit 26K for the first time...definitely great time to be... -- EDGEMAN 01/16/2018 10:07AM
  I've been seriously considering "rebalancing" my portfolio for over a year. -- MP4VT2004 01/16/2018 12:50PM
  Seriously though, can it just keep going up? -- HokieSignGuy 01/16/2018 10:56AM
  No. I just opened a 401k, so it will now collapse. ** -- 48zip 01/16/2018 12:25PM
  Thats about how my luck works too ** -- HokieSignGuy 01/16/2018 12:37PM
  It's hard to say -- lchoro 01/16/2018 11:46AM
  IMO, take some profits by stay in the market. I think it has run in it -- HokieHutch 01/16/2018 11:37AM
  This -- Diehard Hokie 01/16/2018 11:09AM
  Seriously - Heavily considering selling some of the 2045 fund ... -- OXVT 01/16/2018 10:21AM
  Last week, my roommate moved his 401k from stocks to bonds/cash -- HWA 01/16/2018 11:19AM
  So, I guess you aren't putting money in bitcoin? -- HokieSignGuy 01/16/2018 11:43AM
  Oh I bet on football games :) ** -- OXVT 01/16/2018 11:21AM
  That's why you buy the 2045 fund right? so you don't chase the market... -- `lag 01/16/2018 11:12AM
  I am older than you and it has taken me the last 5 years to ... -- vt90 01/16/2018 10:30AM
  Also, do you invest in bond ETF/mutual funds, or individual bonds? -- Hokie360 01/16/2018 10:53AM
  ETF and mutual funds ... -- vt90 01/16/2018 11:07AM
  Are bonds really priced low now? -- Hokie360 01/16/2018 10:52AM
  Historically yes ... -- vt90 01/16/2018 11:04AM
  Isn't this fund automatically rebalanced to maintain the target mix? ** -- Hokie360 01/16/2018 10:27AM
  Sure ... -- OXVT 01/16/2018 10:31AM
  Doesn't trading a target date fund defeat the purpose? I'm -- Hokie360 01/16/2018 10:48AM
  Perhaps ... -- OXVT 01/16/2018 11:00AM
  Well, if you believe the 'experts' ... -- vt90 01/16/2018 10:38AM
  I am mid 40s and have time to recover, but am being agressive -- HokieHutch 01/16/2018 11:42AM
  These days, terror attacks are barely a blip. -- HWA 01/16/2018 11:09AM
  Sounds "spot on" -- EDGEMAN 01/16/2018 11:08AM
  Nah, roll the dice ** -- Brown Water 01/16/2018 10:41AM
  Had the same thought in the spring of 1999 ... -- vt90 01/16/2018 10:44AM
  Don't go soft on me now ** -- Brown Water 01/16/2018 10:46AM
  TWSS ** -- vt90 01/16/2018 10:49AM
  Wish I had stayed heavy; pared to 65% stocks 2 ys ago, 5 yrs from retire -- WestyHokie 01/16/2018 10:19AM
  Been retired 9 years (I'm 60) and 90% stocks. No where else to go -- 133743Hokie 01/16/2018 6:13PM
  If it was 65% two years ago, what is the ratio now? -- Hokie360 01/16/2018 10:26AM
  It crept up over 70, and I rebalanced ** -- WestyHokie 01/16/2018 10:39AM
  Seven trading days: That's how long it took to rocket from 25 to 26K -- EDGEMAN 01/16/2018 10:11AM

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