Originally Posted by pittsburghracer
Originally Posted by TrackPack
Quote
How much did that move cost you. Damn.


Normal fees. It's just moving money around in a 401K.




No I mean after dropping 3500 points and selling after the drop you took a paper loss and turned it into a real loss. Sure I lost money on paper most of the week but Friday I was back up 575.00. Not bad for another market down day.



I completed the transactions just before closing on Friday, so I captured those gains also. It's still a paper loss for me too, because I can move my holdings back into the previous funds when this panic nonsense stops. The only real loss would be if the market rises above what I sold at on Friday. It's a gamble that I'm willing to take and I'm actually protecting the 22% gains of last year while risking the approximate 10% gains for the first two months of this year.