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Finance & Stock Groups Forum Index » Mutual Funds » Transferring from one IRA to another.
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| W. Wells |
 Posted: Fri Jul 20, 2007 10:41 pm |
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I am rebalancing my IRA's from stocks to bonds. I was thinking of rolling
over to a checking account instead of letting the funds transfer (they take
at least 10 days) and trying to catch the stocks on an upswing and the bonds
on a downswing. I realize that this is a sort of timing but at least I would
have a little more control on the price at the time of change.
The last couple of times it has meant about a $1000 loss each time I
switched. |
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| PeterL |
| Posted: Fri Jul 20, 2007 11:18 pm |
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On Jul 20, 11:41 am, "W. Wells" <ot...@nc.rr.com> wrote:
Quote: I am rebalancing my IRA's from stocks to bonds. I was thinking of rolling
over to a checking account instead of letting the funds transfer (they take
at least 10 days) and trying to catch the stocks on an upswing and the bonds
on a downswing. I realize that this is a sort of timing but at least I would
have a little more control on the price at the time of change.
The last couple of times it has meant about a $1000 loss each time I
switched.
So you haven't learned anything? |
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| Ed |
| Posted: Fri Jul 20, 2007 11:20 pm |
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"W. Wells" <otf70@nc.rr.com> wrote in message
news:46a101d4$1$3160$4c368faf@roadrunner.com...
Quote: I am rebalancing my IRA's from stocks to bonds. I was thinking of rolling
over to a checking account instead of letting the funds transfer (they take
at least 10 days) and trying to catch the stocks on an upswing and the
bonds on a downswing. I realize that this is a sort of timing but at least
I would have a little more control on the price at the time of change.
The last couple of times it has meant about a $1000 loss each time I
switched.
Why not a money market fund with one of your fund families? |
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| PeterL |
| Posted: Fri Jul 20, 2007 11:48 pm |
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On Jul 20, 12:20 pm, "Ed" <fri...@fishinthe.net> wrote:
Quote: "W. Wells" <ot...@nc.rr.com> wrote in message
news:46a101d4$1$3160$4c368faf@roadrunner.com...
I am rebalancing my IRA's from stocks to bonds. I was thinking of rolling
over to a checking account instead of letting the funds transfer (they take
at least 10 days) and trying to catch the stocks on an upswing and the
bonds on a downswing. I realize that this is a sort of timing but at least
I would have a little more control on the price at the time of change.
The last couple of times it has meant about a $1000 loss each time I
switched.
Why not a money market fund with one of your fund families?
If he is rebalancing from stocks to bonds, why not just go directly to
a bond fund? This guy is doing something screwy. |
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