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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (13864)9/16/2001 6:23:41 PM
From: JustTradeEm  Read Replies (2) | Respond to of 19633
 
Tom, not sure what will happen short term .... will be interested in seeing it all unfold over the next month.

I do know that my 401 K is presently 40% cash, I will be moving all those funds to an SP500 fund tomorrow.

Short term I may lose 30%, 40%, not important to me ... in the long run, I'll be fine. It could sit in cash forever but I no longer see a reason to and I see many reasons why it shouldn't.

Is it symbolic, a meaningless gesture .. sure ... my 401K isn't gonna impress anyone nor move any markets ... but it's a gesture I can easily make.

Peace .... Joe