There's a lot unfolding in this unstable, volatile market. I have my saving invested in the 401K, my company. During August we fellow employees lost a bit of money. I was watching the business channel last week. The pundits mentioned all these financial events that will take place during September. One being the Feds and interests rates. That there will be announcements from many sectors. Housing, energy, banks, and so forth. They listed specific days in this coming September that would have an affect on the market. I couldn't quit follow the conversation. However, their talk was less than enthusiastic. I already lost a big chuck in August with the market crashing. Now I wonder if I shouldn't move all the mutual funds into the Money Market -and wait until September passes? I mention this because had I pulled my money out on August 1 into the Money Market I would have been insolated from the series of August crashes. Our 401k allows 12 transaction per year. And here comes September with the pundits suggesting another series of 'corrections'. I'm not experienced. All I know is my contributions are 'trimmed' during every 'correction'. Thanks for any advice.
- posted
16 years ago