Markets are going down.

By then you will have missed out on the gains. But I guess it depends on your time horizon and risk appetite.

 

Neither will fail. To much systemic risk would be involved. Think about it, those two banks are correspondent banks for many, many smaller banks. If they go down, then liquidity issues become enormous at other smaller banks. I don't think the regulatory agencies would let either fail.

 

Like I said, maybe not as succinctly, ....they ain't going anywhere.

 

It dodn't get moved yesterday. It gets moved today after markets close, which, depending on what happens, means you might sell low and rebuy high.

You're not that old. If you have 10 years before retirement, ride it out and don't concern yourself with quarterly market trends. Nobody on this board is smart enough to CONSISTENTLY time the market correctly. You could be costing yourself tens of thousands of dollars in compounded future losses by doing more work than necessary.

 

I changed it back. Still pending so nothing will change.

 

I have a lot of flexibility in managing my retirement investments. I have changed all my automatic investments to corporate stock, and will continue to do so for the next quarter or so. I have plenty of time before I retire, so I believe in aggressive buing in a down market.

 

You're the kind of investor the pros laugh at

 

To be fair, he did move it all back. At least that's what he said he did.

If I was 60 years old I would have done the same thing, but not moved it all back.

 

Never thought I would be saying this, but Golden Hammer and Sly are exactly correct. Remove the emotion. Buy low, sell high. Recessions ans downturns are great buying opportunities for high valued companies like BoA.

 

Why do you hate me?

I've never made a habit of moving money around.

FYI, one of the moves I made in my portfolio this past weekend made me $400.00 in the last 2 days and I moved a few other things. I have a financial advisor. I am not a crackpot.