Please assist

[prudence]

Hi Everyone,

I heard about Citigroup job losses. I wish I had put my 100% in the G-Fund.
I am really worried about how the stock market is doing. I currently have 20% in the L fund C-20%, S-30 , I - 30%. I keep losing money and I have recently learned when a person keep moving the money around a person losses alot of money.

At this point, I am waiting for the market to rebound. I wonder should I just put my money in the G fund for now. Or wait until the end of December to see what happens. What do you all think.

 

[Birchtree]

We are bumping along the bottom - hold your current position and increase your contributions if possible - that's called dollar cost averaging. The market will eventually rebound ahead of the economy so the best thing to do is look fear straight on and keep on investing. You are getting golden prices so your limited funds are really working hard and there is no better time to accumulate shares. The best approach is to relax because the worst is behind us.

 

[Show-me]

No one on this message board is qualified to give you advise like that. You have to make the decision yourself. There are too many factors involved with giving financial advise that you should not share on the message board.

Some think we would not fall at all or that we are in a recession. They know who they are.

 

[Guest2]

http://www.tsptalk.com/mb/showpost.php?p=194504&postcount=14

 

[tsptalk]

I keep losing money and I have recently learned when a person keep moving the money around a person losses alot of money.

Hi prudence -
The act of moving your money around does not make you lose it in and of itself. Moving it at the wrong times, into the wrong funds does. That said, it's the buy and holders that are the ones taking the biggest losses this year.

I wonder should I just put my money in the G fund for now. Or wait until the end of December to see what happens. What do you all think.

As show-me said, we're not big on individual advice here as there are just too many factors to consider. As far as whether the market is going to go up or down - it depends on the time frame we are talking about - and of course, who you ask. We all have our opinion and it's all over the site.

Good luck!

 

[kar_crazy]

if you have a long time to retire , you will get it back ,but there is nothing wrong with the G fund especialy this year , i have been hit hard , but can't let it get you down. It will come back some time , these 2 moves a month really screws us, go with your gutt , me i have a long way to go, and i am so far down i am trying to take a chance. For now it dont look to good I just keep trying , and if you drink, it helps you sleep but in no way a good reason to drink. G L and maybe next year will do us all some good , i hope

 

[Steadygain]

Hi Everyone,

I am really worried about how the stock market is doing. I currently have 20% in the L fund C-20%, S-30 , I - 30%. I keep losing money and I have recently learned when a person keep moving the money around a person losses alot of money.

Prudence, the overwhelming majority of active members here are use to looking for excellent entry points and exit points. Everyone here has the mindset that "we are at a bottom" and things can only get better or that a BULL MARKET is about to emerge.

ON 10/22 - (After losing thousands of dollars) I moved all my money to 100% G Fund. This was done primarily to honor my wife and NOT BECAUSE my gut told me it was the best thing to do.

BUT - stepping back and looking at everything it appeared the Economy was in terrible shape and would continue going down the drain.

10/22 G=12.6597...F=11.9595...C=10.2951...S=12.3237...I=13.3651
11/20 G=12.6972...F=11.9749....C=8.6601....S=9.4250....I=11.4821

.........0.29%........0.009%.........-15.88%........-23.52%......-14.10%

PLEASE remember that during this period several days had very good gains (like today) and the general reflections were WE ARE FINALLY THERE AND MOVING UP. But it went down.

My ADVICE IS FOLLOW YOUR HEART - Your comment above says it all. Don't worry about what anyone else is doing because NO ONE here has anything to do with how the Markets are going to go.

If I didn't listen to my heart and honor my wife - I could easily have lost another 23.52%. But I did not lose a penny - I gained.

Hope that helps

 

[phillyfed]

IMO, It all depends on your age Prudence........If your under 35 years old, this is a great opportunity to accumulate shares on the cheap, as you probably haven't built up a ton of wealth yet. Yes the market will probably go down another 10-15% but over the course of 30 years, I'd almost guarantee that 10% returns from here on are now a sure thing. This is setting up like the mid- late 90's all over again and your funds will explode if we get just half the returns of back then. Shares are trading at half of what they were trading for just a year ago! Just give this time to sort itself out and in the meantime, I'd start buying in my TSP if we go down a bit more. I am 37....I plan to retire at 57....I am extremely confident that I'll have the resources to do so now as I see plenty of room to grow in the market in the coming years. A year ago, I didnt see that room for growth.

Now if you are close to retirement, this can be disastrous. Hopefully you had atleast 70% of your funds in Bonds if your 55 or over.

Good Luck