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follow rocketjoe79 2019 Jun 13, 2:00pm
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With the amount I lose in the market, you'd think I wouldn't fear loss of principal. How much have you lost (percentage wise with NAC?)
but if a deal emerges with China soon, expect to miss the big gains if you cash out now!
Note a 401K removes municipal bonds main advantage: tax free return.
If you’re not an investing whiz, and it’s a 401k you’re talking about, just keep it in blue chips and let it ride. That is, unless you’re about ready to retire and plan to withdraw the money within the next year.
Is it time for me to move my 401k to safety stocks?
I can wait it out for a few months and buy back in later?
Historically, every single stock market crash has been followed by at least an 80-90% recovery in the following year. And two years later you’re above water again. So even if the absolute worst happens, you’ll be fine.
You have a BAD memory of history... Here's the chart from the last recession. It took 6 YEARS just to get back to break even, before any growth could be had.