401 k - made another new move just before Friday's close
With the DOw closing ~ 10,090, I am gonna try to play for a bounce. So, I moved a portion of SA to a stock fund.
Like before, i.e., being constrained by EOD trading in 401K, this move may be premature, but I decided to act now due to the quick descent. I continue to keep the bonds intact for now.
Make no mistake: I do not believe that I can predict the daily or evenly weekly girations of Ms. market, but I see rising interest rates, higher than projected inflation numbers and higher energy costs as both short term and long term drags on the market and the economy. Thus, if we get a bounce, I w/n hold for long.
In other news, still glad I delayed the 529 contributions. I would like to see a situation play out over this spring/summer that would allow me to successfully delay making those contributions until this fall, i.e., at a nice lower number, but we'll have to continue to monitor. |
