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I had re-balanced it about 6 months ago, but with what's going on now, should people be looking at their 401Ks? I'm no expert on investment. I'd personally rather have not responsibility for it, but that's not gonna happen.
Yes, you should be doing something: Investing as much as you can in it, so that years down the line, you'll benefit from the lower prices in these temporary market downswings.
Location: When the people find that they can vote themselves money, that will herald the end of the republic
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Quote:
Originally Posted by denverian
I had re-balanced it about 6 months ago, but with what's going on now, should people be looking at their 401Ks? I'm no expert on investment. I'd personally rather have not responsibility for it, but that's not gonna happen.
Just seat tight. You will not time the market up or down.
It's been doing alright anyway, but I'm sure it'll show a hit on the next statement. Since I recently re-balanced it on recommendation from my financial advisor, I guess I should be ok.
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