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If you haven’t already reallocated your 401K into a safe space, you better get on it

Posted on 1/27/21 at 6:59 pm
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 1/27/21 at 6:59 pm
Seriously
Posted by zephry801
Member since Dec 2017
434 posts
Posted on 1/27/21 at 7:01 pm to
I transferred out of FXAIX two days ago into FSIXX. Looking like a good decision at this point, but willing to accept it if it doesn't work out.
Posted by burger bearcat
Member since Oct 2020
8912 posts
Posted on 1/27/21 at 7:02 pm to
What do you recomend? Sitting dormant isn't safe either
Posted by tigerfan63
cenla.
Member since Aug 2006
1690 posts
Posted on 1/27/21 at 7:07 pm to
I put my balance in safe new york anchor. Growth only like 2.5 percent. Called back today to start my contributions here on out the way it was before with my balance in the safe one. Hope i did right ?
Posted by ArHog
Muss is a coward
Member since Jan 2008
33205 posts
Posted on 1/27/21 at 7:08 pm to
I cashed out and took the loss and the penalty, far better than losing all my shite
Posted by tigerfan63
cenla.
Member since Aug 2006
1690 posts
Posted on 1/27/21 at 7:08 pm to
What do you reccomend Eli ?
Posted by taylormade
Tumbleton
Member since Jan 2011
9803 posts
Posted on 1/27/21 at 7:09 pm to
What do you suggest quantum leap guy
Posted by LSUbest
Coastal Plain
Member since Aug 2007
11272 posts
Posted on 1/27/21 at 7:11 pm to
I moved mine to fixed income.

Why? Are they planning to take our money already?
Posted by EKG
Houston, TX
Member since Jun 2010
44041 posts
Posted on 1/27/21 at 7:15 pm to
Gold.
Bullion coins and gold bars.
Best safety measure for your $ in times of political unrest.

Then keep it here: Texas Bullion Depository
Posted by phutureisyic
New Orleans
Member since Aug 2016
3370 posts
Posted on 1/27/21 at 7:32 pm to
Took both my 401K’s out before election. Took that money and put it in my walls.
Posted by nitwit
Member since Oct 2007
12264 posts
Posted on 1/27/21 at 7:56 pm to
I ‘m purchasing small middle eastern counties and principalities.
Posted by RCDfan1950
United States
Member since Feb 2007
34997 posts
Posted on 1/27/21 at 8:08 pm to
"safe space"? The only safe space is 50% in the back pocket of "the big guy". Ask Hunter.
Posted by MrXYZ
Member since Jun 2018
871 posts
Posted on 1/27/21 at 8:11 pm to
Borrow everything you can now and buy tangible assets. Interest rates are low and wages are about to get inflated.
Posted by Jake88
Member since Apr 2005
68425 posts
Posted on 1/27/21 at 8:37 pm to
WTF? You just started a thread asking people to explain to you what was going on with Gamestop and now you're giving major advice? GTFO.
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
34821 posts
Posted on 1/27/21 at 8:40 pm to
Stupid unless you are about to retire. Just ride it out for now
Posted by LatinTiger30
New Orleans
Member since Oct 2007
4430 posts
Posted on 1/27/21 at 8:52 pm to
Fear sure does make people do stupid things. Imma ride this baby out and I guarantee I will come out on top. History is on my side.
Posted by Nephropidae
Brentwood
Member since Nov 2018
2387 posts
Posted on 1/27/21 at 8:55 pm to
I recommend putting 100% of your 401k into AG or SLV tomorrow. Do NOT miss out on tomorrow's run.
Posted by Vastmind
B Ara
Member since Sep 2013
4992 posts
Posted on 1/27/21 at 9:24 pm to
GBTC
Posted by CrabInMyShoeMouth
Member since Jul 2016
2486 posts
Posted on 1/27/21 at 9:29 pm to
The money I make knee jerk reactions with goes to my bookie, therefore lesson learned.
Posted by Cossatotjoe
Member since Oct 2020
938 posts
Posted on 1/27/21 at 9:31 pm to
The market is still the place to be. Read what Biden’s economic adviser said in another thread about forgetting about debt ration to the GDP and instead concentrating on the percentage of GDP used to pay interest rates. That means interest rates must continue to remain artificially low forever. Which means that the only place to get a return on money is in the market. Sure, property will work too, but it’s value is going to be expensive because of the low rates. Sure, you can borrow money and buy property, but you still have to have income to service the debt until you sell it. If it doesn’t sell, you could go bankrupt paying the debt. In that respect, the market is safer and allows you to get into it with less money.
This post was edited on 1/27/21 at 9:46 pm
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