The Federal Reserve only cuts rates outside of scheduled meetings in extreme cases. Some investors think this could merit an emergency move, though others doubt it.
I moved my 401k into a money market account back about July 13. I could see this coming. I’d have taken a bath by now. I figure I’ll jump back in around a few weeks from now. Could I be wrong and it goes down further? Yeah. Could it rebound tomorrow, and i miss on gains? Yeah. But just gotta guess and hope you guess right. So far I guessed right.
As I said yesterday, let me know when this is a long-term trend that has a significant effect on retirement accounts.
I moved my 401k into a money market account back about July 13. I could see this coming. I’d have taken a bath by now. I figure I’ll jump back in around a few weeks from now. Could I be wrong and it goes down further? Yeah. Could it rebound tomorrow, and i miss on gains? Yeah. But just gotta guess and hope you guess right. So far I guessed right.
I’m doing the exact same.