Thanks for being the voice of reason here. So many people make their investment/allocation decisions on the fly... it's only going to get magnified by these 3 big IPOs. (and their unexpected consequences)
replyFirms will look at your $600k 401k AUM, Investor Policy Statements, and laugh you out the door. They won't care, you have no say. Your 401k plan is between them and your employer.
replyA few things:
reply- yes 401k fund options are negotiated by people that don't know I exist, or care
- but... how I allocate my contributions to those funds is under my discretion
- and... I've never stayed somewhere long enough to have a $600k 401k balance. As soon as I'm gone, I roll it over to a private account that I have full control over (and much lower expense ratios.)
So I don't really care if I'm in the door or laughed out the door, because it has no material affect on how I manage my finances.
Not sure if OP meant literally sell, or just rebalance out of stocks. TBH I've been considering sliding over to all bonds for a time, since there is no tax event if funds stay in the account. But the numbers don't seem that high at the end of the day.
replyIf you try to time the market and you sell at the exact peak you still have to time the market again and buy back at the correct bottom. If you miss either of these you're likely leaving long term performance on the table.
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