LogFAQs > #935572389

Forceful_Dragon posted...

So my "401k" is through the Thrift Savings Plan where my contributions can be allocated into different Funds, some of which are based on the market and others which are not.

Now fortunately for me I've only been at this job for a little less than a year and a half so the nest egg is not very large. Currently so I've taken a 20%~ hit to a much smaller amount than it might otherwise have been. In retrospect I should have moved everything out of the stock based fund after the first bad day, but alas I did not so the 20% dip was sustained.

.

So my question is this:

Is it still worth it at this point to make money moves or are we close enough to the bottom of this slide that it won't make a major difference?

if I put in for a fund reallocation it takes a 1-2 days for it to go into effect so I'm always worried that I'll miss a rebound day, so maybe I'll just ride it out?

My employer matches 5% so that's what I've been contributing but I'm thinking of doubling to 10% while the prices have dropped. I'm not overly concerned because as I mentioned earlier at this point the balance is still so small (under 10k) but i also recognize if I play my cards right i can put myself in position to snowball once things turn around.

I'd really appreciate some advice from someone who knows more about these things. Oh and as an added kink I can only make 2 free re-allocations per month so it's not like I can move it back and forth every couple days for incremental gains. (I have not looked into the price to make more than 2 moves per month)

I don't know if you can specify a stock (I know my fiance can with her account) but I am eyeing Microsoft pretty hard for a long term investment right now.


---

Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM