Opinion: Economists say a recession is coming: How can 401(k) investors prepare?

[PoindexterOglethorpe]

2. The end of 2021 is a year away.

Anyone who takes a lot of money out of the market right now may miss out on some serious gains.

The basic rule is to be diversified. If you are sitting on some profits and feeling nervous, go ahead and take some of those profits, and stash them in cash or maybe stocks that pay dividends. Oh, and diversification might well include bonds or bond funds.

Meanwhile, here's something very important that almost never is brought up: the stock market periodically posts new highs. It never posts new lows.

Trying to time the market is a true fool's game. Some people here sold everything after Trump was elected. Or at some other point since then, utterly convinced we're on the verge of a collapse that might make the Great Depression look like a walk in the park. Dare I point out they were wrong?