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Originally Posted by The Dad Fisherman
How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device
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i’m in the same boat. Luckily I transferred 90% of my 401(k) from stock-based mutual funds, into cash/money market stuff. sometime after the recession hits, i’ll start moving it back into mutual funds that invest heavily in good stocks, like large-cap mutual funds. or an S&P500 index fund, many 401ks offer something like that. Assuming the market rebounds ( it always has after every downturn in history), i’ll earn a nice return.
its not as good as being able to buy individual stocks, but IN MY OPINION ONLY, a smart strategy with 401k funds. Market dips are buying opportunities if you have the cash, and only if you believe the market will eventually bounce back.