Opinions on 401K

[North Shore Chicago]

Need advice, please. I understand today is an emotional day for most if not all of us, but was wondering if some of you brilliant folks would suggest cashing out, or wait until January to cash out? Or, hang in there. I don't have a good feeling about the economy. Thank you.

[TheProle]

1. Dow is up over 1300 points at the moment

[North Shore Chicago]

9. Thank you.

[mahatmakanejeeves]

2. Be fearful when others are greedy and greedy when others are fearful.

Every share that is being bought today is also a share that is being sold.

Full disclosure: https://www.google.com/search?q=be+fearful+when+others+are+greedy

[North Shore Chicago]

10. Sage advice, thank you.

[unblock]

3. There's the economy and then there's the stock market

Yes, they are generally correlated, but there are times when they aren't.

I don't expect the economy to tank any time soon; Donnie will have to actually be in office and do damage or mishandle a challenge before that happens.

But I do expect him and other republicans to advance proposals to save big corporations tons. Hell, they might propose to abolish the corporate tax altogether.

That would be bad for the economy in the long run, but great for corporate profits and stock prices in the short run.

Jmho, but I'm hanging on to my meager investments for the time being. Considering shifting towards bigger companies, as they are usually the biggest beneficiaries of fascism. Until it all falls apart, of course....

[KnoxVol]

5. Defense stocks

Yeah, he ran on the "end the wars, I will make them all stop" line, but at the same time he's saber rattling with Iran and China nonstop. The tariff proposal alone will cause impacts not just on the US and Chinese economies but may prompt China to move on Taiwan.

Defense companies will be a beneficiary of the Trump years when it's all said and done.

[unblock]

7. Yeah, fascism and defense industry go together like bread and butter.

[North Shore Chicago]

11. Very wise, thank you.

[Emile]

4. S&P 500 American companies.

S&P 500 of the largest companies listed on stock exchanges in the United States.

[North Shore Chicago]

12. Thank you.

[Emile]

15. Not near as volatile, not aggressive, but safer.

[Patton French]

6. Well, a lot should go into that decision.

Including age, risk tolerance, and net worth. The market will prevail in the long run, the way it always has. That said, the closer you are to retirement, the more cautious you should be in your investments.

[North Shore Chicago]

13. That makes sense, I am at the end of my working career, thank you.

[Johnny2X2X]

8. Market is going to go up

The economy is strong right now and we will see the DOW hit 50,000 within 12 months.

Ride this wave and pass your 410K before de-risking later. Talk to a financial advisor if you must.

DO NOT CASH OUT!!!

[North Shore Chicago]

14. Okay, food for thought, thank you!