Re: L2040 vs L2050
Originally Posted by
GUCHI
i was just thinking about the L funds and had a question for the MB. the L2040 is currently selling at $21.90 and the L2050 is selling at $12.23. would it be wise to take my money from the L2040 and buy the L2050 and pick up twice as many shares? or does it not make any difference?
thanks john
"Shares" don't mean a thing... The L funds do not have a selling price... All the "share" price does is indicate how much that particular mix of funds in those percentages would have been valued on a particular day. One does not buy "shares" but rather allocates and IFT's by percentage among the GFCSI funds.
I wish they would remove this terminology... Also, the "L" funds, are not "funds" at all... but merely re-balancing composites of the Five Funds, those being GFCSI. Make your IFT's and Allocations based upon whatever market theory, plan or gamble you choose, but at least understand the system with which we are stuck in.
Official Retirement Date: 06-31-2014!
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