Can't bring myself to check my 401K
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Anonymous
| Because Bonds have been an absolute loser for several decades now and I believed in the American economy. |
Anonymous
Not really true. Bonds can outperform stocks for long periods of time, like over 10 yrs. |
Anonymous
| If you can't handle a minor market correction, you need to up your allocation to bonds. Or lose sleep. |
Anonymous
| minor? a MIIIIIIIIIINOOOOOOOOOOOOOR? |
Anonymous
+1. Don’t do it. Stay the course and be glad you’ve got 7-10 years. I haven’t looked since early March and don’t intend to until after the summer. |
Anonymous
They not like us…. |
Anonymous
Investing is a mental game and it's a lot tougher nowadays because you can't even look at any type of screen without being bombarded with hyperbolic headlines about the stock market. |
Anonymous
+1 Stay the course. Turbulent waters now, so time to focus but stay on course. |
Anonymous
It's actually being compared to covid and the Great Recession. This is not minor. Depending on our stupid government's tolerance for self-inflicted pain, it could get worse. The good news is that OP has 7-10 years. So plenty of time for a new administration to fix the problem. That is, if Trump doesn't railroad the Constitution to get a 3rd term. |
Anonymous
| If you expect that the market will further decline, it makes sense to sell now and buy it back when it gets even lower. |
Anonymous
How do you sell your 401K? |
Anonymous
| Yeah I don’t look. I’m not taking it out for a decade so it literally isn’t even real. |
Anonymous
I agree. DCUM is the same sort of fear mongering. All these “so smart” so rich people freaking out- it really hows how many here lie through their teeth. I’m wealthy and this means nothing to me- DCUM professes to be so wealthy but the panic here is off the charts. Seems like some here lie. |
Anonymous
I don't think this is going to be a minor market correction. Hope you are right. Doubt you are. |
Anonymous
Because they are 7-10 years from retirement, but hopefully 20-30 years from being dead. So you still want a good portion in stocks to get 20 years more growth |