Reply to Losing $ in Fidelity 529 Plan

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[quote=Anonymous][quote=Anonymous]Thanks for the sane advice.  We are definitely buy and hold types (probably to a fault--we probably could have retired off Microsoft or Contrafund or Magellan back in the day).  But I put $ into the 529 accounts periodically and don't check the performance.  I just wanted to make sure I wasn't throwing away good money.  I am not good about making contributions monthly -- I end up contributing the max non-tax gift amount to each child ($26,000? per kid) usually in December.  There's something I can work on.  [/quote]

Still no reason not to shop around for index funds for your new deposits (or "lifecycle" funds designed for college that are composed of index funds).

I agree that you don't want to dump stocks now and buy bonds or park the money somewhere.

I don't see why it's a bad idea to trade a mutual fund you're not happy with for a similar but hopefully better performing one--you'd be selling low but also buying low (assuming the transactions take place at almost the same time), right?

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