Well, we've gone through the first month of the year and how is your 401k doing?
If you've been on the sideline you really need to talk to me or someone that can help you.
We had a pretty good first month with the S&P up over 4 percent.
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I know from talking to people everyday that a lot of you have way too much money out of the market and sitting in cash. We're in a positive trend right now and you need to take advantage of it.
I know what your thinking, that as soon as you get in it'll start down and you'll lose money. It could happen, but right now the market is in an uptrend and you need to get in to some degree. Then you need to talk to someone like myself that can help you determine when to get back out.
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A week or so ago a young guy I know showed me his 401 k statement. He was about 60 percent in cash. I told him to move at least 25-30 percent of that back into an index fund he had available in his 401k. This morning he called me to say thank you.
He was up over $3000 in that short period of time.
Now the key for him is to know when to get back out. I'll be helping him do just that.
