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Posted by Ignoramus31919 on October 13, 2008, 12:25 pm
I am considering moving some of my money market 401k money to stock
funds under the same 401k account.
Here's my question. Just "as of what time" share prices are used, if I
want to rebalance my 401k portfolio.
Example, let's say that I submit a request to sell money market shares
and buy value fund shares, at 2pm on a trading day. Would the request
be effected same day? What is I do the same at 5am on a trading day?
Would it be using share prices for this market close?
--
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Posted by PeterL on October 13, 2008, 12:57 pm
On Oct 13, 9:25 am, Ignoramus31919 <ignoramus31...@NOSPAM.
31919.invalid> wrote:
> I am considering moving some of my money market 401k money to stock
> funds under the same 401k account.
>
> Here's my question. Just "as of what time" share prices are used, if I
> want to rebalance my 401k portfolio.
>
> Example, let's say that I submit a request to sell money market shares
> and buy value fund shares, at 2pm on a trading day. Would the request
> be effected same day? What is I do the same at 5am on a trading day?
> Would it be using share prices for this market close?
> --
Usually you'd get the NAV for that mutual fund for that day after
closing, to be effective the next day. Some mutual funds are priced
at 12:00. Most are priced after closing.
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
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which we respond. For all of the other tips and suggestions, see "FROM THE
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Newsgroup.
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Posted by Dave Dodson on October 13, 2008, 4:37 pm
On Oct 13, 11:25 am, Ignoramus31919 <ignoramus31...@NOSPAM.
31919.invalid> wrote:
> I am considering moving some of my money market 401k money to stock
> funds under the same 401k account.
>
> Here's my question. Just "as of what time" share prices are used, if I
> want to rebalance my 401k portfolio.
>
> Example, let's say that I submit a request to sell money market shares
> and buy value fund shares, at 2pm on a trading day. Would the request
> be effected same day? What is I do the same at 5am on a trading day?
> Would it be using share prices for this market close?
This is going to depend on the 401(k) provider, and perhaps on the
agreement that they have with your company. Why not just call the
provider and ask?
> Due to extreme spam originating from Google Groups, and their inattention
> to spammers, I and many others block all articles originating
> from Google Groups. If you want your postings to be seen by
> more readers you will need to find a different means of
> posting on Usenet.
> http://improve-usenet.org/
There is no need to block Google Groups articles in moderated
newsgroups, such as m.i.f-p, as the moderator doesn't post any spam.
If you choose to block these articles anyway, you may miss out on good
information.
Dave
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
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Posted by on October 16, 2008, 1:00 pm
I have a very similar question. On Friday, I issued a rebalance
request. The processing went down like this. Friday NAV (10/10 for
all of the Sell orders. Monday NAV (10/13) used for the Buy orders.
I lost thousands, as Monday was a big gain day. Is this typical? To
me, it is too hard to believe that rebalancing would cause me to lose
this much money. Any and all help/advice greatly appreciated.
Andy
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Posted by PeterL on October 16, 2008, 2:08 pm
On Oct 16, 10:00 am, andyeagles...@gmail.com wrote:
> I have a very similar question. On Friday, I issued a rebalance
> request. The processing went down like this. Friday NAV (10/10 for
> all of the Sell orders. Monday NAV (10/13) used for the Buy orders.
> I lost thousands, as Monday was a big gain day. Is this typical? To
> me, it is too hard to believe that rebalancing would cause me to lose
> this much money. Any and all help/advice greatly appreciated.
> Andy
>
Of course it's not typical. There is nothing typical about this
market. The process is typical. But you got caught in a whipsaw.
Here are some advice.
1. Next time, don't issue buy/sell orders at the same time. If you
are concerned about short term fluctuations, issue one order before
closing on one day. Then issue the counter order just before closing
the next day. That way you have some idea what you are selling and
buying into.
2. Don't worry about short term fluctuations if you are a long term
investor.
3. Trade ETF's instead of MF's. That way you have a definite idea
what price you are paying.
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
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