Re: S & I FUND/GREECE FINANCIAL DILEMMA
Originally Posted by
prudence
Hi Everyone, I have my money invested in the S & I fund. With the financial situation occurring in Greece, should I move my money out of the S & I fund. If so, what funds do you recommend. Or should I keep the money in both of these funds. I have heard when you move your money, you lose money.
Thank you
You only lose money if you sell for less than you bought the stock for. I would think the Greek situation is priced in, since it has been ongoing for such a long period of time, but a few days of selling wouldn't surprise me either. That's good news for me, since I've been out of the market and looking for an entry point.
Only you can decide how comfortable you are with the risk. Consider how long you have until retirement. That will give you an idea as to how much risk you can afford to take on. If you're close to retirement, you might want to move some or all of your money to the safety of the G fund. If you have several years to go, you might consider letting it ride. You have time to recover if the fund values drop below your buy in price. Hope that helps. Good luck!
God bless the United States of America!
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