401k questions, why is my money not investing?
401k questions, why is my money not investing?
I just started contributing to my 401k last week. I have 100% elected to go into one specific fund. The fund cost is $10-something per share. I have $20 coming out of my paycheck and my employer matches it. However, instead of going into that fund it shows that the money is "uninvested cash" even though i didn't elect for that to happen. Is this because I don't have a high enough balance yet to invest the money? I'm not sure how these work, I just now was able to contribute. Thank you
Answers:
Chosen Answer
SmartA$$: There's a delay between when your money enters the 401K account, and when its invested into the selected fund. During this delay, its just listed as uninvested cash. Don't worry, it will be invested soon. This is normal, the investment doesn't happen instantly.
2009-04-06 08:41:32
SmartA$$: There's a delay between when your money enters the 401K account, and when its invested into the selected fund. During this delay, its just listed as uninvested cash. Don't worry, it will be invested soon. This is normal, the investment doesn't happen instantly.
2009-04-06 08:41:32
Ron Akia: The other answer given explains basically why the money shows as uninvested cash.
But, as you're looking for long term gains you should diversify your investment between two or three funds. Remember the old saying, "Don't put all of your apples in one basket" as if one spoils the contents of the basket could spoil. Good luck.
2009-04-06 09:01:17
2009-04-06 09:01:17