Ok I need advice. I have several hundred grand riding in the I fund and have been letting it Ride for several years now. I gotta get outta there. where should I put it? I have 15 years to retirement and don't want to sit here and watch it go away. All help appreciated
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- Thread starter Straight8
- Start date
budnipper1
TSP Pro
- Reaction score
- 17
With 15 years to go, I'd let it ride. Others may offer better advice, but the laws of long-term average earnings are definitely on your side. Rather than having all your eggs in one basket, maybe you should diversify your balance to more than one fund instead of having it all in the I-fund. Or, you could consider the L-funds. Since the share prices have dropped sharply lately, moving your money out now will just lock in your losses. I'd wait until the I-fund recovers the recent downturns and then try something new. It's down over $3/share now from just about a month and a half ago. I'd bet that it'll recover those losses pretty soon, but nobody knows for sure. Please don't do anything based on my opinion alone. I'm sure some of the other more market-wise board talkers will chime in soon. I'm just a dumb Tennessee hill-billy who is retiring in 5 days...
Good luck.
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Frixxxx
Moderator
- Reaction score
- 131
If you rode it this far you might wanna keep riding it....I know 40% loss is hard to take, but BIRCH is right....
15 years to go, most markets are cyclical, this one is just a bigger circle.
In January I was between jobs and would have told you to diversify, but hindsight is 20/20.
15 years to go, most markets are cyclical, this one is just a bigger circle.
In January I was between jobs and would have told you to diversify, but hindsight is 20/20.
FUTURESTRADER
TSP Pro
- Reaction score
- 17
1929 crash was 44% in 50 days. then a 42% bounce (or about a 50% retracement of the decline). then a further longer decline of 83% over the next 2 years...about an 86% decline from sept 1929 (s&p = 32.5) to july 1932 (s&p = 4.5). not till october 1954 did the S&P get back to 32.5
that's one hell of a cycle, but if you got in at that low, that produced a 533% gain up to 1954
S8: it's your call. you either BAH (it works well), or buy it all back lower (very satisfying, profitable and fun). I would'a sold it all quite awhile ago. This train derailment has been coming for some time now. Everyone knew it on capital hill... and ignored it.
Larry Braaten
First Allocation
- Reaction score
- 0
Those figures quoted by Futurestrader are staggering. I had never known the historical numbers during the depression, but we're in the 40% category now for the last 365 day period. As pessimistic as I tend to be, I think we are close to bottoming out. If I hadn't already made a bad move this month (that alone should tell you something), I would get back in the C fund. I have to wait until November to do anything else - which might be a good thing? I don't know that I will be willing to take much of a plunge in the international fund, but the reward potential is definitely there. I agree with the advice of not locking in your loses. Good Luck!
I sat in G for over a year while others made money. I got out G when the dow hit 10500 and went C,S,I 100% then a few days later sold 30% and went back to G at a loss .
Now I am 70% in 30% G . I never expected this to be this deep or long, I'm screwed now I need to figure how to get un-screwed but that may take two years or more. Today I will sell the G and split it up. I do think the one or two day rally will be big then its decision time again. One can hope
I lost 20% in 2001 thank god I have a day job
Bagdad market is doing well guess we left a few bldgs standing
Now I am 70% in 30% G . I never expected this to be this deep or long, I'm screwed now I need to figure how to get un-screwed but that may take two years or more. Today I will sell the G and split it up. I do think the one or two day rally will be big then its decision time again. One can hope
I lost 20% in 2001 thank god I have a day job
Bagdad market is doing well guess we left a few bldgs standing
Frixxxx
Moderator
- Reaction score
- 131
Welcome to FERS, You are the machine. If you want to "set it and forget it" look at the "L" funds. Is that a new house in Arkansas or California? Either way.....OUCH:blink:
Frixxxx
Moderator
- Reaction score
- 131
well, 170k hurts, but there would definitely be a difference in the type, size and neighborhood.
