For those with 401(k) and received notice of choice on how to handle spinoff funds (Garrett Motion Inc. and Resideo Tech) by June & July deadline dates....
what are thoughts on pros and cons of doing nothing and let them move into Honeywell Common Stock Fund vs. move money out of the spinoff fund.
Thanks
Unless you had 100's of thousands of dollars invested in the Honeywell stock fund at the splits, the value of the Resideo and Garrett stock that was issued to you is in the noise compared to the value of your entire account.
The market is high.
You could move it into short term guaranteed income and wait for a market correction. Then buy another fund at bargain price.
Do nothing and let the money get re-absorbed back into the Honeywell fund.
Realistically this isn't going to change your quality of life at retirement.
Beware of free financial advice on internet