Today’s market is a whole new ballgame from the traditional market
Market used to be where you went IF you could afford to lose money
With companies etc not having pension plans people have no choice but to put the retirement hopes in the market especially since bank interest is so low etc
Not a good thing at all
With companies etc not having pension plans people have no choice but to put the retirement hopes in the market especially since bank interest is so low etc
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Understand that. But most 401k plans allow for some diversification in the asset mix and/or lifetime/target date funds. Spreading risk is a prudent thing to do, especially with the market at all time highs. I’ve been through a number of corrections and recessions. The bottom can fall out quickly.