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teamster 401k questions?
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<blockquote data-quote="Jones" data-source="post: 329436" data-attributes="member: 4805"><p>No, you haven't lost anything because you don't have "dollars" in a mutual fund, you have shares. In a down market, those shares may temporarily decrease in value, but you still have the same amount of shares. If you wait til the market goes back up, those shares will increase in value and you end up back on top again. The only way you lose money is if you sell those shares for less than you paid for them, ie, when the market is down. This is often referred to as "buying high and selling low", and it sounds like that is what you did. </p><p>I know it sounds counterintuitive, saying that the best time to buy stocks is when the market tanks, but once you get your head around the fact that you are purchasing shares, not just depositing money in an account, it makes sense. The people who get burned in the stock market are the ones who buy big when the market is booming (because thats when shares cost the most), then panic and sell at the first sign of a downturn (when shares are cheapest). </p><p></p><p>Next time you see the EAFE taking a crap, move that 50 grand back in <img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p></blockquote><p></p>
[QUOTE="Jones, post: 329436, member: 4805"] No, you haven't lost anything because you don't have "dollars" in a mutual fund, you have shares. In a down market, those shares may temporarily decrease in value, but you still have the same amount of shares. If you wait til the market goes back up, those shares will increase in value and you end up back on top again. The only way you lose money is if you sell those shares for less than you paid for them, ie, when the market is down. This is often referred to as "buying high and selling low", and it sounds like that is what you did. I know it sounds counterintuitive, saying that the best time to buy stocks is when the market tanks, but once you get your head around the fact that you are purchasing shares, not just depositing money in an account, it makes sense. The people who get burned in the stock market are the ones who buy big when the market is booming (because thats when shares cost the most), then panic and sell at the first sign of a downturn (when shares are cheapest). Next time you see the EAFE taking a crap, move that 50 grand back in :wink2: [/QUOTE]
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