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My old job 401K was shifting into the new job 401K, so for a week or so my $ was in a check in the mail between companies, and I think I missed like 2% gain. I
by pwarner 5y ago
My old job 401K was shifting into the new job 401K, so for a week or so my $ was in a check in the mail between companies, and I think I missed like 2% gain. It's semi real $. It's annoying.
- SavantIdiot 5y agoThe investment horizon for the average American is 45 years, 2 weeks doesn't mean diddlysquat.
- feteru 5y agoExcept that the grandparent comment was showing how missing the best 2 weeks of days over 45 years really does wipe out a significant amount of gain.
- owenversteeg 5y agoThis is one reason why paying for a wire transfer, ACATS transfer or other ways to move money faster can make sense: like the top comment said, you lose the top 10 days and you lose half your return. Unfortunately for a 401k transfer there's no wire or ACATS (or even ACH) options, so you're basically screwed there. As far as I know you're basically forced to wait around for the money to move by check. However, you can insure yourself against the "risk" that the market jumps while you're out of it by using a smaller, separate account and options.