LOOKING FOR SOMEONE TO GIVE ME A ANSWER TO MY QUESTION
IM A GOVERNMENT EMPLOYEE I HAVE 112 THOUSAND DOLLARS INVESTED IN THE C FUND IN THE GOVERNMENT THRIFT SAVEING PLAN FOR MY RETIREMENT THE C FUND FOLLOWS THE SP 500 IVE BEEN MAKEING MONEY EVERY DAY FOR AWHILE NOW SHOULD I WAIT OUT A CORRECTION IN THE MARKET OR TAKE IT OUT NOW AND WAIT TILL A CORRECTION COMES AND PUT IT IN AFTER IT STARTS TO COME BACK HOW MUCH HIGHER DO YOU THINK THE SP 500 WILL GO BEFORE A CORRECTION HAPPENS ,, THANK YOU
Answers
102 points
rafaelcolome answered one month ago …
Well things can only get better and the market is reflecting it. Hold on to your fund,, things can only get better. RC, Florida
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3963 points
MNSL answered one month ago …
Many missed the current rally and many chose cash fund for their retirements. In addition, there is mountain of cash available in the global market. If these funds decide to invest in stocks, global market could go up rapidly.
I do not think anybody can predict the market direction correctly.
Do you know even though market is up more than 50% some global retirements funds are making return less than 6% after paying management fees in some countries? In this situation, it is better to keep in cash fund with less risk.
I
think policy makers should allow retirement members themselves if they wish to manage their funds in the future.
We have to do thorough research before we handover our retirement funds to fund managers.
I think we will have some sort of correction during next eight months at different times in different countries. Most probably there will be some correction toward end of this year or first quarter of 2010 in few countries with P/E over 20.
102 points
totalview answered one month ago …
It has already peaked and you should withdraw your money immediately. In the next six months, you are likely to get index 20% lower !!!!!!! Act very fast !!!!!!
Read more from totalview102 points
mparc answered one month ago …
Why not take out some of it and leave in some of it.
Read more from mparc176 points
JPL answered one month ago …
Hi, Ohiokan,
Wow, we have different views here, and I think they’re all correct, depending on your temperament and risk tolerance.
MNSL is correct that few “can predict the market direction correctly.” Just when one thinks he’s got it figured out, the market surprises him.
If your C fund indeed mirrors the SPX index, and you’re a long term investor, then I would agree with rafaelcolome. We have an uptrend, and if you can tolerate the minor corrections, then it’s best to sit tight. Of course, that’s easier said than done. In this scenario, sell when the uptrend is broken.
Totalview is also correct, as yesterday’s high has hit the top of the Bollinger Band and today the S&P 500 has retreated 0.8%. It might keeping going down from here. If you sell now, you would be protecting all your profits, and you might be able to buy them back when S&P 500 starts rising from support.
And mparc is also correct. A good compromise would be to “take out some of it and leave in some of it.”
In closing, you need to “know yourself”, and select the approach that’s best for your particular temperament and risk tolerance.
Hope the above helps.
JPL
10/16/2009
3963 points
MNSL answered one month ago …
Remember always that there will be volatility in all type of markets, assets, currencies and commodities during next 10 years due to several reasons.
Some of the best options are:
Rotate retirement funds, investments funds, stocks and sectors time to time
Invest in simple hidden business with growth potential during next 10 years.
Never forget the market, fundamentals, trend and crowd
I like to manage my retirement fund myself rather than handing over to others. I hope policy makers will take some decisions in the future.
