Re: L2040 time to buy?
Originally Posted by
oncken
I have just recently been hired so I have 30 or so years to go before retirement. I sined up for the L2040 since it was supposed to manage your funds for you based upon your approximate retirement date. I started in Sept. and shortly there after, the market began to crash. I increased my contributions significantly. I know that lower stock price means more shares for the money, but aren't some businesses going out? Since I am in the very early stages of my career and investing, I can stomach volitility, but did I do the right thing?
Welcome oncken,
You did fine. If I were in your shoes, I would've done the same thing, until I learned more about how TSP works and you educate yourself about managing your funds yourself, at which time you may decide to alter the distribution of your funds differently or not. But until then the L2040 is just fine for your timelime. This is a great place to learn all of this, because these guys and gals know their stuff and will be happy to assist. It's just Christmas time and a lot of folks are away.
Merry Christmas,
CB
Last edited by CountryBoy; 12-23-2008 at 02:59 PM.
Reason: verb tense
“Most men and women will grow up to love their servitude and will never dream of revolution.” - Huxley’s Brave New World
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