To: OldAIMGuy who wrote (5452 ) 8/27/1998 7:09:00 PM From: Scott Moore Read Replies (1) | Respond to
I decided to pull a sort of a Vealie today with part of my 401k that is in a large cap fund through State Street Bank. It is basically an S&P 400 fund that excludes utilities. In any case, I've just been selling off chunks since last October and it was at 75% cash. So when I saw the intraday hit 350 if figured instead of adding 10%, I'd experiment with a Vealie and do 20% instead. Unfortunately, you have to get out the Ouiji board on getting the best buy price, because all intra-401k plan trades for us are done at the closing price. Since there is a good possibility tomorrow might make a new intraday low, that does me no good as if the S&P recovers and goes positive by closing, I'm better off making the buy today. Time will tell. I'm still less that 55% invested in that majoring portion of my 401k, so got lots of room for buys. The remaining quarter of my 401k is in company stock, and it is a real snoozer for that last six months. I know neither vehicle are the ideal AIM candidates, but I don't like having the exposure and after today I know that I am at least even with a buy & hold strategy since I started treating it this way 2 years ago. Even though I'm lagging on the S&P fund, the old company stock skyrocketed last fall to even things out. At one point our utility stock was tracing along with bond yields, but that stopped about 4 months ago.
