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I'm Timing the Market

March 4th, 2016 at 03:10 pm

Actually, I'm just watching the market right now. I paid our daughter's spring tuition/housing in early February out of our savings account. Her college fund is still invested in a balanced mutual fund. Thus with the market down and cash on hand I just couldn't bring myself to sell. This is really why we shouldn't have the money in the market at this point. I should have transferred it into a cash account. So for now, my goal is to wait and watch what happens. When it gets even better, I plan to withdraw the amount equal to what came from our savings. At some point, I'm going to start slowly transferring the balance to a cash account.

If we use my husband's GI bill for the next two school years, we won't need any of those funds. It would be nice to have it grow, but I also don't want to lose anything either. So cash it will be it seems.

In other news, I redeemed $12 in Pinecone Rewards yesterday, along with $17.90 from recent eBay sales. I'm using these funds, and Amazon gift cards, to buy a few items on Amazon. Needs. Primarily engine and air filters for our vehicles. I also bought a shower cover for our drain. It was clear it was needed after cleaning the drain recently. I like that I could make these purchases with non income cash!

5 Responses to “I'm Timing the Market”

  1. My English Castle Says:
    1457180691

    That's a tough one, isn't it? It must always smart a teeny bit to transfer that money. What are market pundits saying about uncertainty going further into the election?

  2. VS_ozgirl Says:
    1457182103

    Do you know if your shares/funds are declaring dividends? Because they usually go up around that time, that's another factor to consider

  3. mjrube94 Says:
    1457193026

    I'm already thinking about this for my daughter (she's a junior). I have 529s for both her and my son (15) which won't cover the whole amount, but will have to be combined with current income and other savings. Her 529 is down with all of the market turbulence, and if it doesn't bounce back, I'm thinking about holding it and eventually transferring it to him (assuming the market bounces back by then - fingers crossed).

  4. FrugalTexan75 Says:
    1457277287

    It's a hard thing to know when to hold and when to sell. When I sold my electric car stock a few months ago, it looked like it was a smart move. Now however ... it seems to be moving back up. Of course, who knows how long that'll continue.

    Hopefully the market will continue to rise at least until shortly after I take the money from my ROTH for the downpayment.Smile

  5. rob62521 Says:
    1457295280

    That's the problem with the market...you never know what it is going to do. I know the last few months have been grim, and this week seemed to be better, but you hate to get your hopes up to have your hopes dashed.

    You are smart buying those items with your non income cash.

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