GOOD NEWS!

[The Dad Fisherman]

Originally Posted by Jim in CT

sell stocks, hoard cash, get back into stocks after the correction, hold
for years, you’re welcome.

How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by The Dad Fisherman

How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device

i’m in the same boat. Luckily I transferred 90% of my 401(k) from stock-based mutual funds, into cash/money market stuff. sometime after the recession hits, i’ll start moving it back into mutual funds that invest heavily in good stocks, like large-cap mutual funds. or an S&P500 index fund, many 401ks offer something like that. Assuming the market rebounds ( it always has after every downturn in history), i’ll earn a nice return.

its not as good as being able to buy individual stocks, but IN MY OPINION ONLY, a smart strategy with 401k funds. Market dips are buying opportunities if you have the cash, and only if you believe the market will eventually bounce back.

[Jim in CT]

Originally Posted by The Dad Fisherman

How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device

need to make sure you have a few years to leave it there, in case it takes that long to bounce back. Not a good idea to try this with money you know you’ll need soon!