Quote:
Originally Posted by Heyitsrick
I still have a 401K. 401Ks frequently have a product (under some various names) that's known as a "stable value" fund. It's a principal protection fund - a bond fund that's wrapped by insurance. The insurance companies are on the hook to cover any losses. IRAs don't have stable value funds. Different investment companies might have their own marketing name for them, but stable value is the generic term you can usually find in a 401K.
Stable Value Fund Defined
My IRAs have been very conservative, but even conservative investments are still losing money now. I'm about half-cash now in my IRAs but may have to bite the bullet and go all cash and take the losses. I just don't see any sustained upside to the markets in the near future. |
very conservative, but even conservative investments are still losing money now. I'm about half-cash now in my IRAs but may have to bite the bullet and go all cash and take the losses. I just don't see any sustained upside to the markets in the near future.[/QUOTE]
My Fidelity 401k had a stable value fund which had the cash portion of my portfolio there. When I moved to a Morgan Stanley IRA after retiring that option was non existent. So that portion went into Cash Reserves in a Fidelity IRA along with the Freedom 2010 Fund.
Morgan Stanley has me scheduled for a 3/5 Coronavirus conference call.