Reply to Late 40s people: Where are you putting new 401k contributions these days?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I moved our existing retirement assets into a money market fund after the November runup and continue to invest into the S&P 500 on current contributions. So, I'm essentially guarding against and taking advantage of Trump's complete incompetence.[/quote]

The market, especially the S&P, dropped substantially in 2022 before rebounding in 2023 and 2024. I wonder how many remember. Few, I'm sure. Memories are very short and selective. One thing life has told me is you cannot time the market. So I don't try. I'm sure the usual bobble heads on here will say Trump is a different story. My response is to shrug indifferently. [/quote]

Exactly. You can’t reason with these lunatics.

“Trump is going to crash the markets!  It’s time to sell everything and go to cash!”

“You know, it’s been documented beyond a shadow of a doubt that making investment decisions based on economic forecasts or political preferences invariably results in poor performance.”

“This time is different! Trump is unprecedented and hateful and racist and authoritarian and threatens the very existence of the United States!”

“There was quite literally was a precedent for this eight years ago, and the stock market actually did exceptionally well then.  Again, you can’t successfully make investment decisions based on politics.  You disagree with the current administration, but more than half of all voters across the entire country voted for Trump.”

“Oh yeah – well, did you know that Hitler was elected too?!!!”

“Lol, OK.”[/quote]

Invest in stagflation if that works for you. Nobody cares.[/quote]

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