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401k help?
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<blockquote data-quote="Babagounj" data-source="post: 305275" data-attributes="member: 12952"><p>First off STOP watching your 401K daily. This will only cause you to go nuts.</p><p>Rule # 1 is that time is your best friend.</p><p>What I mean is that over time as the markets go up and down you will be getting shares at different costs ( low cost= many shares, high costs = fewer shares ) it will average out over many years. </p><p>Just pick one or two fund groups that you think will improve in the coming months or years. Put your money there , then sit back and watch what happens. Watch for trends, be prepared to switch funds when you think the time is right.</p><p>No one is absolutely sure about where the market will be going at any given time, so the best plan for you or anyone is to make up your own goals, and wait.</p><p></p><p>(ps I still make some wrong guesses, but every move made is worth the knowledge I've gained )</p></blockquote><p></p>
[QUOTE="Babagounj, post: 305275, member: 12952"] First off STOP watching your 401K daily. This will only cause you to go nuts. Rule # 1 is that time is your best friend. What I mean is that over time as the markets go up and down you will be getting shares at different costs ( low cost= many shares, high costs = fewer shares ) it will average out over many years. Just pick one or two fund groups that you think will improve in the coming months or years. Put your money there , then sit back and watch what happens. Watch for trends, be prepared to switch funds when you think the time is right. No one is absolutely sure about where the market will be going at any given time, so the best plan for you or anyone is to make up your own goals, and wait. (ps I still make some wrong guesses, but every move made is worth the knowledge I've gained ) [/QUOTE]
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