Hopefully it will stay up into the open. Markets were up almost 5% last week, so there may be a correction in the regular markets, which I am hoping. I have my 403B in stocks/fixed as the markets fluctuate.
Had all in stocks last week, sold and put back into fixed on Friday. Am hoping for a 2-3% overall correction in the markets to transfer back from fixed to stocks by end of this week.
Last two years this worked for me to transfer back and forth. Was up 27% in 2011, and up 20% in 2012. Stocks go up 3-5%, I transfer back to fixed, and then markets come back down 2-3% I transfer out of fixed and back into stocks.
If the Chinese markets keep on moving I believe Xin will too. Both Poly real estate (600048.ss) and Vanke (200002.sz) hitting 5 year highs last week.....................................with Poly Real Estate a lifetime high.