Title says it all.. Compare today’s closing price with prices around March 4 and all these exchanges have almost crossed old highs.. all major funds have also crossed March 4th level Is market going to continue like this? it looks if corona wasnt there then market may not have been that good as its today.. well, i am still at loss in 401K as i moved out at bottom and never got any opportunity to get in.. the way market ia going it looks i may lose further if dont get put 401k back in stock funds any thoughts / comments??
It's artificial and the bottom will drop out before long. 30 million people are out of work. Coronavirus is here to stay, for at least the next 18 months.
I did the same, sold below, although made it back and more by buying individual stocks. Sold all of it today now. I would say wait now. Market is very overvalued. Will take time to correct. But will correct eventually, although not sure how much it will correct and if it will correct to the march 23rd bottoms. Also you can do some research and look at individual stocks when it corrects. The next sell off will be slow imo and market will come down gradually unlike the march sell off
Thats good.. well i dont see many funds in 401k portfolio and then there is limitation to not trade for another 30 days if you touch any of the funds... if i had freedom to play with stocks then may have recovered more
I have an option to open a trading account within 401K. Mine is within fidelity. I did that after I sold it and bought some individual stocks. You should have an option of doing that
Learnt your lesson? Good. Now dollar cost average from every paycheck and don’t try market timing
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Why did you withdraw from 401k specially at the bottom. You are following buy high sell low strategy. Stock market will pull back a lot but no one knows when. It could be a month or 6 months or more. If you have fomo then put the money back in the market at a steady pace so you don't miss further gains provided stock market goes up even higher.
Thanks...Well thats the biggest mistake and learned the lesson.. 😌.. i read too too much and felt market may go down further and wanted to stop loss...thats history and i am looking forward and some opinions around it..