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teamster 401k questions?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 339609" data-attributes="member: 12570"><p>Just wanted to update this post. The numbers on the S&P continue to rise, crossing the $37/unit mark, so you can see where it pays to invest when the market is down. While it may appear that you are losing money as your account balances continue to dwindle, shares/units purchased when the prices are down will have more value when the prices go up. I purchased units for as low as $31/unit and now they are valued at $37/unit, which may not sound like that big of a gain but I have nearly 600 units so that is $3,600. Of course, not all of the units were purchased at $31 but I would have to estimate that I am up $2k just in the S&P and $6k overall just in the past few months.</p><p> </p><p>Buy low, sell high.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 339609, member: 12570"] Just wanted to update this post. The numbers on the S&P continue to rise, crossing the $37/unit mark, so you can see where it pays to invest when the market is down. While it may appear that you are losing money as your account balances continue to dwindle, shares/units purchased when the prices are down will have more value when the prices go up. I purchased units for as low as $31/unit and now they are valued at $37/unit, which may not sound like that big of a gain but I have nearly 600 units so that is $3,600. Of course, not all of the units were purchased at $31 but I would have to estimate that I am up $2k just in the S&P and $6k overall just in the past few months. Buy low, sell high. [/QUOTE]
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