401k Question


Hopefully someday, someone, somewhere will actually read this blog and happen to stumble upon this post and answer my naive question.

I’m not a financial wizard by any means, but I have new 401k opening up and virtually all of it is in stocks.  Is now actually a good time to dump as much as I can into something like that?

Does the whole “buy low, sell high”, rule apply to a case like this?  I mean, the market has to recover eventually right?  Am I an idiot for dumping money into stocks now?

I have my own opinions obviously, but I’m curious to hear from someone whose opinions aren’t formulated out sheer conjecture and tea leaves.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s