Fools

[Smackdown2019]

If your 401K is 100% playing on the stockmarket.... roll it over to security bonds.

We are in the times of quick get rich schemes and most are using their retirement funds on the stockmarket. Stockmarket is nothing more a gamble.

Right now we are witnessing an out of a control train railing downward a steep incline that has been built up over a decade. At this rate, end of next week, we be back in 2010s times. Get out what you can now! Invest in our government, security bonds!

[Hoyt]

1. Bonds? And if interest rates jump, you lose again.

[Smackdown2019]

2. They wont go up anytime soon.

They wont go up anytime soon and it's best to put them in a safe place where you wont lose them, rather an instant stockmarket crash.

[MissMillie]

3. I think one's 401K strategy would depend a lot on

how soon one intends to access the money from it.

Getting out now, for many, would mean buying high and selling low. Definitely not a money-making strategy.

[brush]

4. Right, if you're not near retirement, stick it out.

Even if you are, why get out now and make the losses permanent?

[Smackdown2019]

6. I feel we will not see prices like we seen two weeks ago again in our lifetime.

Take the lost now and safe what money you have. Remember it is a gamble.

They are reporting the ports in Los Angeles are empty... meaning, no goods are coming in to restock our shelves.

[jimfields33]

7. Impossible

We survived 2008 and went on to new heights. This being a conovirus reason could be short term depending on how soon it’s fixed.

[Smackdown2019]

13. Anything is possible

Short term it may be, I do hope!

It may of took a virus to start the correction.....

Anyway you may see it, the market will go WAY down,l and it would not surprise me it get down to 8000. After all, according the orange clown... April we be all clear.... we still have March to go through with -800 minus closings....

[PoindexterOglethorpe]

5. Depending on when you first started investing,

you may well be sitting on gains still. It's jumping in and out, trying to time the market, that's a very poor idea.

Keep a couple of things in mind: the stock market periodically reaches new highs. It never (at least not since 1934) reaches new lows.

I read recently that overall, two out of three years show gains over the previous year.

And the real problem with bonds is the degree to which they don't keep up with inflation. If you want income, buy individual stocks that pay dividends. People here have posted about doing just that, and over time are very happy with their money.

[genxlib]

8. I am a big fan of dividends

Market gains can go away but the dividends are yours to keep.

Some of my best performing stuff looks bad on paper because the base growth is for shit. But they pay out dividends on a regular basis so the sum keeps growing.

[PoindexterOglethorpe]

11. Yes, Were I doing my own investing

(I have an advisor who is good, who I trust, and who has improved my financial life and net worth quite a bit) I'd be looking at dividend stocks. I've actually thought about asking said advisor if there are funds out there that invest in them. I'm pretty sure there are.

[MichMan]

9. According to many posters back then, we should all have gotten out the day after the 2016 election

Surprised that people didn't take that advice.

[abqtommy]

10. Good advice. When I did have a 401K I always split investements between stocks and bonds

and when things crashed I didn't lose nearly as much as the people who chose stocks only.

[Smackdown2019]

12. Back in Dec 2000

I was solely in the stock market with my TSP. Back then when GW was asked about the SCOTUS that sided with him, he commented.. then the very next question while he was in his farm clothes on his Texas farm, a reporter asked him about a bandaid on his forehead.... GW replied," it's a zit". Right then, after our next President told us his feelings about being found to be the next US President, he said "it's a zit". If a politician was to lie about anything..... that is one thing one could lie to us about... common person would of said he scratched his forehead with a thorn bush.

Any how, the very next day, I changed my portfolio and kept the stocks in the stockmarket and what I later put in from that day forward into G Funds.

I do have more money in my account with those stocks than the G Funds.... but hard hit years, they do get knocked out and take years to gain back. G funds are secured funds.

[flamingdem]

14. This is very BAD advice

Come back to tell us to sell again once the scare is over.