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teamster 401k questions?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 329474" data-attributes="member: 12570"><p>Jones is absolutely correct. You are buying shares, whether it be of stock or an index fund and this is the perfect time to do so as the price of these shares, in general, is much lower due to our "recession" (there are some posters here who still don't think that we are in a recession) and, when the economy rebounds (it will--our economy is cyclical in nature) you will have more shares in your fund which will be worth more as the price per share will have increased.</p><p> </p><p>I have my 401k going to the S&P 400 and the EAFE. On 2/27, the price per unit (share) of the S&P was $35.24 and I was able to buy 3.53 units. On 3/05, the price was $33.91 and I was able to buy 3.75 units. Keep in mind that my elective witdrawal did not change: 20% of my pre-tax income divided 50/50 between the 2 funds. The only difference was the price per share fell and I was able to buy more shares for the same money. The only time that this will matter is when I am ready to transfer money from these funds.</p><p> </p><p>Using the above data, the shares I purchased on 3/05 cost me $127.16 and using today's unit price of $35.88 would have cost me $134.55 so I made $7.41 on just that one transaction.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 329474, member: 12570"] Jones is absolutely correct. You are buying shares, whether it be of stock or an index fund and this is the perfect time to do so as the price of these shares, in general, is much lower due to our "recession" (there are some posters here who still don't think that we are in a recession) and, when the economy rebounds (it will--our economy is cyclical in nature) you will have more shares in your fund which will be worth more as the price per share will have increased. I have my 401k going to the S&P 400 and the EAFE. On 2/27, the price per unit (share) of the S&P was $35.24 and I was able to buy 3.53 units. On 3/05, the price was $33.91 and I was able to buy 3.75 units. Keep in mind that my elective witdrawal did not change: 20% of my pre-tax income divided 50/50 between the 2 funds. The only difference was the price per share fell and I was able to buy more shares for the same money. The only time that this will matter is when I am ready to transfer money from these funds. Using the above data, the shares I purchased on 3/05 cost me $127.16 and using today's unit price of $35.88 would have cost me $134.55 so I made $7.41 on just that one transaction. [/QUOTE]
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