don’t know what the @#$@#$ to do about 401k. think it’s time to move it to the sidelines. even commodities are slumping.
Bury some in the back yard.
But, by all means, buy and hold cash.
Yeah, did this right when the last blip downturn started. Now thinking time to move it to my safes.
Obama has one more year to grab the 401Ks if he wants to and there is always ways to invest outside the 401K machine
Metals are looking better and better to grab a little more if they keep going down.
If you can do so without taking too much of a penalty hit, it may be a good idea to convert some of that 401K into commodities precisely because they are so low.
Remember, you don’t invest in the commodities (gold, silver) to turn around and sell it for a quick profit. You invest in PMs as insurance against a crashing currency. In short, it preserves a chunk of purchasing power.
If you are one of those folks who can read the market with reasonable accuracy and you detect a panic-plunge coming that would persist for a bit, would it make sense to stop paying into your 401k and borrow the max allowed out of it — don’t spend it, just sit on it until the panic subsides, then pay back the loan in full? I know you’d have to make payments to yourself in the meantime, but it seems like a legal way to minimize how much of your 401k is exposed to the crash. Just pondering - I’m certainly no expert.