To those saying not to rebalance IRA/401K, why not? If experts are saying the market could go down another 20%, why not lock in losses now and rebalance after all this is over? I rebalanced (cont.)

likehelpful
Posting as :
works at
You are currently posting as works at

Some big sums of money that I have invested that I’m using to save for a big purchase about a month ago and I’m so glad I did. Kind of wishing I did the same for my retirement accounts though.

I reallocated 8 weeks ago on first word of the virus. I just submitted the order to reallocate to equities. The gains in bonds have been made. They tell you not to sell because you’re too late and already rode the wave down so it doesn’t make sense to sell because you’re not likely to time the bottom. However, if you proactively manage it and maybe miss some upside (I missed some of the run up), it can still help in the long run.

Because bonds will likely level out and I was up 30% YTD on my long government bond funds. I can be breakeven in my 401ks if we fall further from here, and I’ll be cost averaging down with every paycheck. I think a 30% discount from ATHs is a good place to reallocate. I’m now about 75% equities 25% bonds vs 85% bonds and 15% equities. Leaves me room to cost average equities more if I need to later on.

Shouldn’t you balance by buying more, not selling what you have and realizing losses? Or am I missing something?

Within a retirement account "realizing" losses doesn't do anything other than making your unrealized look better.

smart

Related Posts

Hi

I have joined Accenture in May this year. I have also become pregnant. It was not planned. Will there be an Impact to my career if I inform this to my manager before my probation?? Or will there be any issues of me hoing in maternity leave from Jan.??

Kindly assist

like
like

Can anyone refer me to Citrin Cooperman TAS Senior NYC? 3 years Audit w/ Sr exp mid size niche private companies of international publicly listed parent Company, 2 Years Fed Tax Big 4, 1.5 Years Internal Audit healthcare, 1.5 years currently Self Employed Investing.

funny

In your opinion, if a company doesn’t offer 401k matching, is it a deal breaker for you?

likesmart

What percentage of your gross salary is saved including 401K or equivalent?

like

I have a masters in organization behavior, I love being in organizations that are growing and changing that’s why I chose to get my masters in organization behavior. I feel like in the HR world having a SHRMor a PHR is more impressive, marketable and would get me more compensation in the long run. I paid 25K for a Masters for what?however my employer has decided to provide some tuition reimbursement so I’m looking into getting a certification. What’s your opinion I’m

like

Hi! As a novice when it comes to understanding optimal fund allocation, would you guys please let me know your thoughts on my 401k allocation and any suggested adjustments? Thanks!

Post Photo
like

Does BCG SEA has pension for MDPs like other consulting firms in SEA and almost all firms in the US?

Hello! Does AWS offer tuition reimbursement/support for part-time grad degrees? *Really* appreciate any help, might affect my decision about an offer.

like

Hi folks, can you please comment on the ₹1000/- internet reimbursement policy in Capgemini

1. Is GST number mandatory in the bill?

2. Instead of broadband, can we upload Mobile recharge bill? And does anybody know if mobile recharge bills have GST number?

like

Hi strangers, tell me what to do with my money 🤠

I’m 22 years old still living with my parents with minimal expenses. I make $65k, maxed out my 401k, have no debt, $30k in an HYSA, and $13k in a brokerage account. When I move out in 6 months or so, I estimate I’ll need $12k in an emergency fund. Should I put everything except that in my brokerage account? I hate that I have so much in the so called “high yield” account only making 0.45%

like

Hi Fishes,
Is there anyone whose expense reimbursement were reversed citing ineligible expense in Deloitte USI. If yes did you get back the taxes that were deducted at the time of reimbursement? How much time did it take?

helpful

Anyone here have experience with Cummins? What did you think of the culture, benefits, etc.? There’s an in house role there that I feel I could fill and wanted to get any insight into their legal department. TIA!

like

Wanted to see what everyone gets for a vehicle benefits at their company (for those of us that are customer facing and drive for work)

How much money should I have in my 401k by 25?

like

Hello,
Does Cognizant provide reimbursement for WFH setup?

What are the best firms for parents in terms of benefits?

like

Looking for some advice/suggestions here. 24 years old, TC is now 110k. I have 40k cash savings. $6,500 in my 401k and $6,400 in Roth IRA. Just was promoted and wondering if that’s too much cash to hold onto AND if contributing to a Roth makes sense. I contribute 7% with 100% match and 10% profit sharing at the end of the year to the 401k. Contributing $550 a month to the Roth. Would appreciate any ideas as I know it’s a good spot but just wanted to see if it’s the smartest approach.

like

More Posts

What are the ratings in CGI for appraisal

Ramadan Kareem muslim fish ✨🌙 iA its a good one!

likeuplifting

Hey,
Help me with my query plz.

Post Photo
like

Booked a 5 nights getaway with wife to Cancun at the end of this month, but with the new variant virus, not sure if it is an good idea to cancel it?

like

Guys need small suggestion

I have 4.2 YOE in Salesforce development and 1 year in both aura and lwc..my current package is 9.55lpa..i have a offer of 14lpa..can i negotiate and demand 18lpa?? Is that a reasonable demand...plz suggest

like

If a recruiter asks what your average billable hours are, will you ever have to show proof of this number or no?

like

Was laid off in Sept. Unfortunately we will be seeing many more coming. It's what happens in a recession. Unfortunately I now also have my age against me. Not in a mentally good place at the moment.

like

Hey I am looking for Job change to consulting/Analyst role. I have over 8 years experience in Oil and Gas sector. I have skills in operations, Project and Capex Manage ment, Business Analysis, Strategy and Planning, Sales.

like

Accenture Federal Services vs Deloitte GPS. Type of work, wlb, earning potential, people. Want to work somewhere for the long-haul.

“Oh! I have cheese in my pocket."

likefunny

Hi Fishes,

Currently I am serving notice period.
Current CTC: 15 LPA
Offer in Hand: 20 LPA

In final talks with
Deloitte Deloitte USI

How much can I ask them as I already hold offer of 20 LPA

Offered position: Senior Consultant

like

I hear lots of very positive feedback from middle and higher leadership in my business as someone at the front of my career—but have very few action items to show for myself in return. No projects, no solid opportunities. Starting to feel like being black and gay is one of the reasons why. How do you all cope?

like

“Barton F Giraffe? Is it an agency?”

likehelpful

Can any one refer me im KPMG GDS? Working in another big4 GDS AWM sector as a senior. Having experience of 2 years.

like

Thursday Wordle 488 6/6 😅

⬜🟨🟨⬜⬜
🟨⬜🟩🟨⬜
⬜🟩🟩🟩⬜
⬜🟩🟩🟩⬜
⬜🟩🟩🟩⬜
🟩🟩🟩🟩🟩

like

Good morning, consultants! Time to go save the world!!

Post Photo
likefunny

Single and dating (unsuccessfully) and want to add more date outfits to my wardrobe. Please help with links! Live in Miami, so lightweight stuff please. My style is not feminine enough which I want to change. I like dresses but they’re more edgy than feminine and the former New Yorker in me gravitates to black too often. Thanks!

like

New Drake boutta slap inside H&M 🔥🥶

likefunnyuplifting
like

Additional Posts in Accounting

I’ve been seeing this a lot more recently and just had to make a thread about it. I refuse to believe that anyone on here has actually been asked to work a 100hr week. People come onto this thread with legitimate questions and concerns and I just see people trying to scare them out of public which inevitably makes it worse for everyone else who sticks around. Even an 80 hour week is debatable and that is the absolute top. Stop trying to be an attention getter. We work, but not 24/7.

likefunnyhelpful

Has anyone left employment at their firm prior to passing all four parts of the CPA exam, and had to reimburse the firm for the cost of the Becker study materials?

like

Seeking advice. What to do if you work with a supervisor who only talks, but barely listens. He always mentions how he wants to hear from me, but there is barely any moment for me to speak. Should I speak up about that? Or is there a way you guys navigate through this?

like

I should start adulting and open an IRA (Roth). Any recommended brokerage services?

like

What’s the best way to go about getting off a team you don’t want to be on due to them forcing you into huge assignments you don’t have enough availability for? Like being scheduled 3 hours a week but actual is 30+ hours and they don’t change your assignments or scheduled hours

like

Has anyone tried to get their CFE? Any advice? How was studying compared to CPA?Swore I’d never take another exam again after the CPA but if CFE isn’t too much work to study for it might be worth it.

like

How do you provide feedback on personal hygiene? Our team member does not wear deodorant, and I want to help him out, especially if he plans on having more of a client-facing role in the long-term.

like

Do any big/mid-size accounting companies give a pension? Please explain how it works if yes.

like

What are some of the funniest comments/stories you have heard in the audit room?

like

What's the most ridiculous expense you got away with while traveling?

like

Lyft ride has "watch me whip, watch me nae nae" playing on my morning commute 😿🔫

like

Does your coach really care about you?

likeuplifting

Thoughts on dating/hooking up with coworkers?

like

What are everyone's December holiday travel plans? ☀️ or 🌨? 🌴 or 🌲?

like

I have to provide feedback to team for an intern today. Why or why not should we extend the offer? What qualities would you look for in an intern to extend full time offer?

like

Which certifications (aside from CPA & CFP) do those who work in HNW taxation find most beneficial to their career?

like

What jobs to people look at when going to industry after working in Risk Advisory? I have my CPA but I honestly don’t really feel like I know much about accounting (studied for the test, not to retain the info) and wouldn’t really want to continue doing Risk Advisory considering I’m leaving the role. Just not sure what else is out there since I feel like our work is very specific to IA and serving clients, how does that switch to private?

likehelpful

So here's Tax question: we've all been working at home for 3 months and probably another 2.

Can I claim a home office deduction for 2020?

funny

Is Siegfried group a good place to work for? Recruiters are calling me everyday, appreciate any input from any exBig4 who joined after leaving B4

funny

What is the EY severance package ?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.