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Message
re: Your 401K is getting destroyed
Posted on 6/13/22 at 8:23 pm to saderade
Posted on 6/13/22 at 8:23 pm to saderade
quote:
There is no reason someone 20+ years from retirement should pull out of the market. They should continue funding their retirement accounts every month and think of it as getting a discount on the funds while the market is in the shitter.
Unless you know something I don't your balance usually doesn't buy, it increases and decreases in value. Let your dollar cost averaging go to buying shares while it is low, no reason not to protect your balance though.
1
Posted on 6/14/22 at 2:50 am to greenbean
quote:
no reason not to protect your balance though.
The reason are the folks who missed out tripling their money over the past 10 years because “it’s about to crash! Better hold cash waiting for the dip”
Even with the events of the past year they would have been far ahead.
This post was edited on 6/14/22 at 2:50 am
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