Hey, all!
Probably a naive and silly question, but my wife and I are planning on leaving our financial advisor/managed funds in favor of an index fund (probably VTSAX. We want to go with the original). Given that the market is low right now, is this a bad time?
This is not a panic sell or anything. Everything is being rolled over (i.e., we're not taking any of the money out). So, we'd be "selling low," but we'd also be "buying low." Am I correct in thinking this is okay?
Thanks!
Probably a naive and silly question, but my wife and I are planning on leaving our financial advisor/managed funds in favor of an index fund (probably VTSAX. We want to go with the original). Given that the market is low right now, is this a bad time?
This is not a panic sell or anything. Everything is being rolled over (i.e., we're not taking any of the money out). So, we'd be "selling low," but we'd also be "buying low." Am I correct in thinking this is okay?
Thanks!
Statistics: Posted by anonymousdad — Fri Aug 02, 2024 10:23 am — Replies 0 — Views 27
