OptionsMonster = The Market's Grim Reaper! LOL!
I agree 100% with you though. I took a loan from my 401k a few months back and glad I did. That's money that didn't lose value and while I pay myself back, I've been averaging down while paying myself back 6%. Borrowing from a 401k is NOT a good idea for the most part. This time though, it simply made sense.
Looking through my 401k plan investment offerings, out of a hundred or so funds, none were for bear markets. Bleh.
Which makes me wonder. If you are in charge of a mutual fund and the market is going down, wouldn't you put a few of your team on shorting some of the investments to hedge your fund?
I think I'll open my own mutual fund and invite all the good members on this thread to manage different sectors. We'll kick the Market's ass, eh? LOL!
