General Discussion
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(13,039 posts)eom
Paulie
(8,462 posts)Unless they are short duration like a year or less.
If you're time horizon is more than 10 years your best option is to don't do something just stand there.
napi21
(45,806 posts)That way there is no charge for making the move, and when (or if) things settle down, you can move it back to a growth, growth & income, or whatever you choose. You won't make any money because interest rates are so low, but you won't lose any either.
elleng
(130,974 posts)Among other reasons, 401Ks are managed, aren't they?
Buy low, sell high, and bond market will be totally messed up, so hold what you have.
(I'm not a professional at this stuff, just a person.)
I just hung up the phone with American Funds.
elleng
(130,974 posts)NRaleighLiberal
(60,015 posts)this too shall pass - prices may drop, but then come back - each of the funds should have decent money managers involved - they want to make money too....
The only people who should move to fixed return/cash are those who will be needing the money nearly immediately and can see values drop if things go south.
tammywammy
(26,582 posts)If the market drops you're just buying cheap, and will have more shares when the market rebounds.
And don't check your balance every day, especially if the market starts to sputter in the next couple of days.
PoliticAverse
(26,366 posts)BTW if interest rates go up bonds go down.
GOPGoindown
(74 posts)Hold
jberryhill
(62,444 posts)roamer65
(36,745 posts)The Federal Reserve acts very quickly to keep the money markets liquid. That was their first act in the 2008 panic.