HockeyDad wrote:Most 401Ks also have trading restrictions so market timing is very difficult. You must have traded it just perfectly to have market timed it in July.
Good for you, bad for America. Enjoy the winnings and maybe send a few scraps to some charities.
I made my transactions on July 31, Dow was at 12,600, I don't feel the least bit bad about making a good financial decision after taking losses of 50-60% during the dotcom, 9/11, and Mortgage busts. I don't consider preserving my nest egg at this point in time "winnings". Now I have to decide if, how, and when to reinvest since holding cash has it's own risks as well. Yes, there are restrictions on market timing within 401K's and mutual funds, generally you can't move in and out of funds more often than every six months, so you only have so many bullets to use. But then it's not like I was day trading, I was reacting to the longer term market trend as well as the significant issues in play at the moment. Now I have to decide if, how, and when to reinvest since holding cash has it's own risks as well.