As per my last post i had some new clients that were totally out of the market put some money back in today. The dow was down 198 back below 12,000 and the s&p was down about 27 to 1234
So with these new people the plan is to at least hold this 25% until my main indicator which is a comparison of the relative strength of the s&p and money market turns to favoring moneymarket
With my other clients that are close to being fully invested the plan is to reduce their holdings by at least 25% if the s&p hits 1230 which could happen tomorrow.
This is how I manage a 401k. There is no tax consequence to moving the money around and the object is to grow my clients money and avoid the big downs.As I like to say smooth out the ride for them.
Any subscibers reading this need to be on the lookout for an URGENT email tomorrow in case the s&p hits 1230. Since I have started the subscription advice I won't post anything on here until next week sometime.
For informational purposes the s&p closed at 1238.16 back on 4/18/2001 approximately where it is today.So if you are a buy and hold type congrats, after 10 1/2 years your pretty much even